President Joe Biden will make the case for his $174 billion electric vehicle plan on Tuesday, calling for government grants for new battery production facilities during a visit to a Ford Motor electric vehicle plant in Michigan. He will also rule out consumer incentives for high-priced electric luxury models, according to a White House fact sheet reviewed by Reuters.
Two of Japan’s biggest automakers, Toyota (TM) and Honda (HMC), are recalling millions of cars over unrelated safety issues. Toyota said Tuesday it would recall 3.4 million cars, 2.9 million of which are in the United States, because of potentially defective equipment meant to protect passengers during a crash. In a separate announcement Tuesday, Honda said that it would recall 2.7 million cars: 2.4 million in the United States, and 300,000 in Canada.
Rupert Stadler the CEO of Volkswagen’s Audi division was arrested by German authorities on Monday in relation to the widening investigation into diesel cheating at Volkswagen. Stadler is being held indefinitely pending trial. The investigation began after the company was found to be using software to artificially lower vehicles’ emission levels during tests in 2015.
Electric vehicles produce less carbon dioxide than petrol cars across the vast majority of the globe – contrary to the claims of some detractors, who have alleged that the CO2 emitted in the production of electricity and their manufacture outweighs the benefits. Across the world, passenger road vehicles and household heating generate about a quarter of all emissions from the burning of fossil fuels.
The former chief executive of Volkswagen has been charged in Detroit over the company’s diesel emissions-cheating scandal. Martin Winterkorn was charged with wire fraud and conspiracy. The conspiracy charge was based on Winterkorn’s attempt to defraud Volkswagen’s American customers and violate the Clean Air Act. The charges against Winterkorn question the thoroughness of Volkswagen’s internal investigation.
Volvo has announced that they plan to ditch the traditional gasoline-based internal combustion engine and go battery powered by 2019, only 2 years away. Volvo said they would be releasing 5 new models of fully electric cars from 2019 to 2021. They plan to slowly stop producing their current gasoline powered cars until the company only produce electric, within the next few years.
Yesterday, General Motors announced their plans to go fully electric in a press conference in Detroit. Two all-electric vehicles will be introduced within the next 18 months, the first of at least 20 that will be launched by 2023. A new truck platform powered by hydrogen fuel cells is also under development.