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)…