Toyota launches $70B electrification push; Lexus will be all-electrified brand
Toyota CEO Akio Toyoda said the automaker was still pursuing a multi-pronged, carbon-reduction strategy that also includes hybrid cars and hydrogen-powered vehicles.
Hyundai prices Ioniq 5 EV from $40,925
Hyundai’s Ioniq 5 will come in multiple trims, with prices starting at $40,925 for the single-motor base model with shipping. The top end, two-motor Limited starts at $55,725.
Proposed GM battery plant in Mich. wins first round of tax breaks
Michigan’s capitol is in competition with other U.S. regions that are bidding as GM selects sites for two additional battery plants that the automaker plans for next-generation EVs.
Kentucky tornado outbreak mostly spares auto dealerships, trade groups say
Though at least one Kentucky service center sustained roof damage, franchised dealerships on the whole appear to have been spared during the devastating tornado event Friday night, based on trade association reports.
Canada proposes deal to align EV tax credits with U.S.
Prime Minister Justin Trudeau said conversations on how to solve the dispute are ongoing between the two countries.