EV Market Activity
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EV Market Activity
Transportation nominee Buttigieg says millions of new electric vehicles needed on US roads - Transportation nominee Buttigieg says millions of new electric vehicles needed on US roads. President-elect Joe Biden's Transportation nominee Pete Buttigieg called for the use of more electric cars on U.S. roads in a tweet on Tuesday, giving a preview of his potential agenda as Transportation secretary. "To meet the climate crisis, we must put millions of new electric vehicles on America’s roads. It's time to build public charging infrastructure powered by clean energy and make it available in all parts of this country," Buttigieg tweeted on Monday.Biden plans to replace the US government's fleet of 650,000 vehicles with electric models in a shift to clean energy - President Joe Biden said on Monday his new administration will replace the US government's fleet of around 650,000 vehicles with electric models in a bid to shift to clean energy. Whilst signing a new "Buy American" executive order, Biden said: "The federal government also owns an enormous fleet of vehicles, which we're going to replace with clean electric vehicles made right here in America made by American workers."GM Commits to be Carbon Neutral by 2040 - The largest U.S. automaker, General Motors, has pledged to become carbon-neutral by 2040, an ambitious plan with a deadline a decade sooner than many global automakers. While GM previously had aimed to become a "zero-emissions automaker" by 2050, the news unveiled Thursday both ramps up and codifies the company's plans. The commitment includes a strategy to "eliminate tailpipe emissions" from light-duty new vehicles by 2035.SPAC Craze Continues for EVs - EVgo, Proterra and EVBox all recently went public through the SPAC model.