Toyota is spending $35 billion on electric vehicles to close the gap on competitors

Toyota is siphoning more than $35 billion into electric vehicles as it attempts to find other global automakers in the race to cleaner vehicles. The world’s biggest carmaker declared Tuesday that it would invest 4 trillion yen ($35.2 billion) in creating battery-powered electric vehicles somewhere in the range of 2022 and 2030 in a bid… Continue reading Toyota is spending $35 billion on electric vehicles to close the gap on competitors

General Motors will source uncommon earth metals locally for its electric vehicles

General Motors is speeding up its shift away from China and other foreign sources for the key raw materials and components required for the millions of battery-electric vehicles it intends to carry out over the coming decade. GM declared the most recent of more than a dozen deals Thursday, saying it will buy uncommon earth… Continue reading General Motors will source uncommon earth metals locally for its electric vehicles

Ford takes the first step towards manufacturing its own car battery cells for electric vehicles, following Tesla and GM

Ford declared the launch of a new battery development center in Michigan, the initial move toward taking on some of the burdens of building its own battery cells for electric cars in-house. Ford Motor intends to invest $185 million into a new battery lab as a step toward manufacturing its own battery cells for electric… Continue reading Ford takes the first step towards manufacturing its own car battery cells for electric vehicles, following Tesla and GM