Swedish EV maker Polestar to open research base in the Midlands February 15, 2022 Swedish electric vehicle (EV) manufacturer Polestar announced today it will open a new research facility in the Midlands, creating employment opportunities for more than 800 people. The firm, which has already a facility in the Midlands town of Nuneaton, has chosen the area once again because of the presence of both Formula 1 engineers and [...]
Wandsworth ramps up EV infrastructure roll out February 15, 2022 Wandsworth has increased its electric vehicle (EV) infrastructure push, adding more sites to the roll out begun last year. The council’s deployment sites will go up from 26, six of which already live, to 35, comprising 65 dual-socket charge points which will charge up to 130 vehicles at a time. The points will be operated [...]
British electric van maker Arrival prepares for unconventional US debut February 7, 2022 British electric van maker Arrival is preparing for its US debut, choosing Charlotte, North Carolina, as its US headquarter. The company’s new offices are set to be inaugurated next month, while production facilities – one for vans in Charlotte and one for buses in South Carolina – will open later this year. The automotive manufacturer [...]
SMMT: EV bolster January growth but shortages hinder recovery February 4, 2022 The UK automotive sector has recorded a positive start to the year, with 115,087 new cars registered – 27.5 per cent up on 2021 levels. According to Society of Motor Manufacturers and Traders (SMMT) figures, January’s growth was driven mainly by electric vehicles (EV), with battery electric, plug-in hybrid and hybrid cars account for 71.5 [...]
MPs call on government to deliver new motoring tax to avoid £35bn hole February 4, 2022 The UK Government could find itself with a £35bn financial hole if it doesn’t introduce an alternative motoring tax before 2030, according to a new transport committee report. MPs have argued that by banning the sale of new petrol and diesel vehicles from 2030, the Treasury could lose two sources of income, fuel duty and [...]
RAC backs campaign to end ‘unfair’ VAT on public EV charging February 2, 2022 Automotive services firm RAC has backed a national campaign to end the ‘unfair’ VAT on public electric vehicle (EV) charging, which sees EV drivers pay four times more for electricity. According to the FairCharge campaign, VAT on domestic electricity is charged at 5 per cent while motorists using public charges pay 20 per cent of [...]
Electric vehicle market ‘still in its infancy’ despite outstanding growth February 1, 2022 The electric vehicle (EV) market, despite a tremendous growth registered in 2021, is ‘still in its infancy’, offering diverse opportunities to investors. According to investment banking firm UBS, suppliers of electric components as well as battery makers should benefit the most from the 115 per cent increase in EV sales that was registered las year. [...]
UK car output worst since 1956 but EVs and investment brighten 2022 outlook January 27, 2022 2021 was a dismal year for the UK automotive industry, as output fell 6.7 per cent to less than 860,000 units – the lowest since 1956. Figures released today by the Society of Motor Manufacturers and Traders (SMMT) reported that production went down 34 per cent on pre-pandemic levels, especially as a result of the [...]
SKC invests $80m in British silicon anode start-up Nexeon January 26, 2022 Battery material specialists Nexeon has entered into a strategic manufacturing partnership with South Korean semiconductor producer SKC.
Volkswagen and Bosch set up venture to make EU’s battery production self-sufficient January 18, 2022 Volkswagen and Bosch have joined forces and will set up a venture by the year’s end to make Europe’s battery production self-sufficient. The new company will provide integrated battery production systems, on-site ramp up and maintenance support, serving Volkswagen’s factories as well as plants across Europe. “Europe has the unique chance to become a global [...]