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Welcome to the latest edition of the EV Universe Electric Newsletter #012, your go-to source for all things electric vehicles!
In each edition, we take a closer look at the exciting developments in the EV world and dive into the latest news and trends shaping the industry. From the latest makes and models to advancements in electrification, to innovative accessories and technologies, we’ve got you covered.
Join us on this journey. Let’s explore the future of sustainable transportation and its electrifying impact on our world. In this edition, we are covering the U.S. considering EV tax incentive for European companies, Hyundai/Kia developing charging robot, and Ford’s BlueOval City.
“US Considers Allowing European Companies to Share in EV Tax Incentives, Pending Trade Deal“
- The potential inclusion of European companies in U.S. tax incentives for electric vehicles is being considered by the Biden administration, contingent on the outcome of ongoing trade negotiations.
- To achieve President Biden’s objective of having electric cars and trucks make up 50% of new vehicle sales by 2030, the $7,500-per-vehicle incentive is seen as a valuable tool.
- Addressing a primary tension point of the climate law signed by President Biden last year, the negotiations between the U.S. and EU aim to combat climate change through the encouragement of carbon-free energy while creating U.S. jobs in mining and manufacturing.
- The potential expansion of the tax credit to include other electric vehicles, such as buses and trucks, is also under consideration by the Biden administration.
- The Biden administration is considering the possibility of making the tax credit refundable, which would enable consumers to receive the full credit amount even if they don’t owe taxes.
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“Hyundai and Kia Developing Automatic Charging Robot for Electric Vehicles”
- The Automatic Charging Robot (ACR) is a wireless EV charging robot under development by Hyundai and Kia that aims to simplify electric vehicle charging by automatically connecting the charging cable.
- With the ACR, electric vehicle owners may soon have a more convenient way to charge their vehicles without the need to manually connect the charging cable.
- In the near future, commercial users can expect to have access to the Automatic Charging Robot (ACR)
- Wireless EV charging technology, such as the ACR, could be a game-changer for electric vehicle owners, especially those living in areas with limited public charging stations.
- The ACR has the potential to improve electric vehicle accessibility for individuals with mobility challenges by simplifying the charging process and eliminating the need for manual cable connection.
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“Ford’s BlueOval City to Create Jobs and Provide Training in West Tennessee”
- Ford’s BlueOval City, a large-scale electric truck and battery manufacturing campus, is expected to commence production in 2025 and will create 6,000 new jobs, providing a substantial boost to the economy in West Tennessee.
- To train the local workforce, Ford has launched BlueOval Learning, a new talent development program that aims to enhance skills, provide support to teachers, and increase work-based learning experiences in West Tennessee.
- BlueOval Learning will assist K-12 schools and universities in expanding STEM-related curricula and infrastructure and will provide mechatronics training equipment and program development in three counties in Tennessee.
- Ford aims to manufacture two million EVs globally annually by late 2026, and BlueOval City, when fully operational, will have the capacity to manufacture 500,000 electric trucks per year.
- BlueOval City’s development will also mark Ford’s first carbon-neutral vehicle manufacturing and battery campus. A joint venture with SK Innovation’s SK On will produce up to 43 GWh of batteries on-site, and two additional battery plants in Kentucky will produce a total of 129 GWh.