With EVs mandated to reach 50% of new U.S. vehicle sales in 2030 — and to replace internal combustion models by 2035 in the EU — the search is on for the battery technology that can win over consumers with longer range, lower costs and quicker charging speeds. But solid-state, the technology expected to replace today’s lithium-ion batteries, is so far failing to live up to its hype.
The Biden admin. may give a critical boost to the auto industry as sales of battery-electric vehicles slow, temporarily lifting rules sharply curtailing the number of EVs qualifying for federal tax credits. But the senator who introduced the restrictions says he’ll fight any rollback, reports Headlight.News.
Ford will cut its projected investment in a new EV battery plant in Marshall, Michigan by $1 billion while also cutting back on the number of workers it expects to hire, the automaker confirmed Tuesday. The plant will roll out barely half as many batteries as originally expected, reports Headlight.News.