Cleantech & EV’s

Hyundai has been on a roll in the US as the automaker embraces the industry’s transition to electric vehicles. The automaker says EV leases are climbing as buyers take advantage of the tax credit provided by the Inflation Reduction Act (IRA). After the new IRA guidelines took effect in April, electric models with assembly or battery minerals sourced outside the US or its free trade partners…

South Korea’s Hyundai Motor Group and LG Energy Solution (LGES) just announced that they will build a $4.3 billion EV battery plant in the state of Georgia. The two companies signed a memorandum of understanding in a signing ceremony today at LGES’s headquarters in Seoul. The two companies will 50/50 jointly open their new EV battery plant in Bryan County, south of Savannah. It will be…

Mercedes-Benz has hired a contractor to install a 20-turbine wind farm at its test track in Papenburg, Germany. German wind farm developer UKA has been awarded a long-term contract worth “hundreds of millions” to install the 20 wind turbines by 2025, and bringing the wind farm online is planned for 2026. Once up and running, it will cover around 20% of Mercedes-Benz’s annual electricity…

The Tesla Model Y was the world’s best-selling car in Q1 2023, marking the first time ever that an EV has achieved this feat, according to industry analyst JATO Dynamics. Model Y sales have been growing around the world for the last few years, putting the car on the trajectory to become the world’s best-selling vehicle. The feat was first predicted even before the car came to market, as Tesla…