Tag: electric vehicle

Ohio Economists Split on Progressiveness of EV Fees

The Center Square
Electric car being charged

A group of Ohio economists disagree over moves by the state and the country as a whole toward electric vehicles and whether government investment in electric vehicle infrastructure is cost-effective.

Nearly half of the 19 economists at Ohio colleges and universities surveyed by Scioto Analysis said the state’s current $200 annual fee for registering electric vehicles is progressive, while a little more than half believed spending tax dollars on EV infrastructure is likely to be more cost-effective than providing the same amount in tax credits.

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Ford Breaks Ground on BlueOval City in West Tennessee

Kaitlin Housler

Ford broke ground on BlueOval City, a new electric vehicle and battery manufacturing facility, on Friday less than a year after the company first announced the project.

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Chattanooga Group Will Spend $9.2M on Electric Vehicle Charging Pilot Program

The Center Square

Chattanooga is planning to spend $9.2 million, including $4.5 million from a federal grant, to create what it calls a testbed for electric vehicle charging.

The remaining $4.7 million will be paid for by a combination of the University of Tennessee-Chattanooga, the city of Chattanooga, private industry and the EPB energy company.

The pilot program is intended to create a “networked system that will enable electric vehicle drivers to more readily locate charging stations.”

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Georgia’s US Senators Vote for Bill Stripping One of State’s Largest Employers of EV Tax Credits

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Georgia’s two senators voted for the Democrats’ recently enacted Inflation Reduction Act, even though it strips South Korean automaker Kia — one of the state’s largest employers — of eligibility for the law’s electric vehicle tax credits.

Kia, which employs thousands in Georgia, is planning to build another automobile factory in the state and hire 8,500 people, according to The Atlanta Journal-Constitution. Due to domestic assembly requirements in the new law, however, the automaker’s EV and plug-in fleet will lose their current eligibility for $7,500 tax credits on the purchase of new electric vehicles.

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Hyundai’s New EV Plant in Georgia Will Produce Gas Cars: REPORT

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South Korea-based automaker Hyundai is set to announce a new $7 billion manufacturing electric vehicle (EV) plant in the U.S. that will also make gas-powered cars, according to several media reports.

“We are excited to announce a new EV plant plan in the United States soon, but we do not have details to share at this stage,” Hyundai told Reuters in a statement on Monday.

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In Georgia Governor’s Race, Perdue Hits Kemp for $1.5 Billion to Soros-Linked Company

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A scandal is brewing in Georgia’s Republican gubernatorial primary, with candidate and former Sen. David Perdue accusing incumbent Gov. Brian Kemp of engaging in shady backroom deals and lining the pockets of liberal megadonor George Soros as part of a massive new economic development project in the Peach State.

“This may be the worst deal I’ve seen in my business career, honestly,” Perdue told the “Just the News, Not Noise” television program on Friday. “This was just done the wrong way. And I’ve called the governor out on that, and we’ve had no response.”

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Ford Reports Devastating Losses Thanks to Electric Vehicle Gamble

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Major U.S. automaker Ford blamed its sizable investment in electric vehicle (EV) company Rivian for its dramatic revenue decline in the first quarter of 2022.

Ford reported revenue of $34.5 billion between January and March, a 5% decline relative to the same period in 2021, and a net loss of $3.1 billion, according to the company’s earnings report released Wednesday. The Detroit automaker said its large investment in Rivian accounted for $5.4 billion in losses during the first quarter.

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As Michigan Gov. Gretchen Whitmer Wants to Spend $60 Million on Electric Vehicles, Study Shows Recycling and Storing Their Batteries Will Be a ‘Huge Issue’

The Center Square

Gov. Gretchen Whitmer wants to spend $60 million on electric vehicles (EV), including electrifying the state’s fleet. However, the production of EVs is beset by a supply chain riddled with shortages in addition to environmental concerns.

Whitmer’s proposed 2023 budget aims to spend $50 million to subsidize new EV sales or a $500 rebate for at-home charging equipment for new or used EVs. Another $10 million would start converting Michigan’s roughly 13,637-vehicle fleet to EV.

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Study: Recycling and Storing EV Batteries Will Be a ‘Huge Issue’

The Center Square

Gov. Gretchen Whitmer wants to spend $60 million on electric vehicles (EV), including electrifying the state’s fleet. However, the production of EVs is beset by a supply chain riddled with shortages in addition to environmental concerns.

Whitmer’s proposed 2023 budget aims to spend $50 million to subsidize new EV sales or a $500 rebate for at-home charging equipment for new or used EVs. Another $10 million would start converting Michigan’s roughly 13,637-vehicle fleet to EV.

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Tennessee State Representative Chris Hurt Talks Ford Deal Points and Growth for West Tennessean’s

Julie Carr

Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Tennessee State Representative (R-82) Chris Hurt to the newsmakers line to discuss the success of the Ford Megasite deal while working through session.

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Tennessee Government Officials Want Funding for More Electric Vehicle Charging Stations

Chris Butler

Officials with the Tennessee Valley Authority and the Tennessee Department of Environment and Conservation are scheduled to unveil a plan Wednesday to develop and fund more charging networks across the state to power electric vehicles. The Tennessee Star on Tuesday asked officials with both agencies if enough Tennessee residents are driving electric vehicles to justify investing public resources into this infrastructure.

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Tennessee Board Approves $35M Grant to Retrain GM’s Spring Hill Employees as Part of $2B Deal to Produce Electric Cadillac Vehicles

Jason M. Reynolds

A state board on Tuesday approved a $35 million jobs training grant to encourage General Motors to retain workers at its Spring Hill plant as the company looks to invest approximately $2 billion to produce electric vehicles, including the Cadillac LYRIQ.

The State Funding Board approved the FastTrack Job Training Assistance Grant. More information is available here.

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Ohio Considering Push to Incentivize Purchase of Electric Vehicles

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State lawmakers are considering a five-year tax credit for Ohio residents who purchase or lease a plug-in an electric vehicle (EV), a move proponents say will jump-start production in the state.

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