Cleantech & EV’s

Global tech company Foxconn has announced it will invest at least another $70 million and up to $170 million total in EV startup Lordstown Motors. Foxconn’s $70M investment in Common Stock shares of Lordstown will help the company with its corporate strategy, while the two parties are shifting their previously announced $100 million joint venture into a Preferred Stock investment that will fund…

Kia is dropping the base “Light” trim level of their popular EV6 for 2023, resulting in a new base model price of $48,500 for their “Wind” trim level (plus $1,295 destination charge). This is a $1,000 increase for the Wind trim level, but with the new absence of the “Light” trim, this means the cheapest EV6 is now $7,100 more than 2022’s cheapest EV6. A $1,000 price increase…

You may be in luck if you’re looking to buy an electric vehicle. A new bill introduced in the US Congress called the Affordable Electric Vehicles for America Act would allow essentially all EVs in the US to qualify for the $7,500 tax credit if passed. On Friday, a few members of the US Congress, including Terri Sewell (AL), Eric Swalwell (CA), Emmanuel Cleaver (MO), and Jimmy Gomez (CA)…

Tesla has applied to offer telecommunication services in Canada, including “machine-to-machine cellular data service” in its electric cars. Starting with the Model S in 2012 and for a decade now, Tesla has been leading the auto industry in the level of connectivity inside its vehicles. Tesla has made software a priority in its product, and internet connectivity enables it to push software…