Consumer

"Electric Vehicle Sales Top $1 Trillion in Wake-Up Call for Carmakers"

"Global spending on electric vehicles is surging. According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before."

Source: Bloomberg Green, 02/15/2023

"Ford To Build EV Battery Plant In Michigan, Use Chinese Tech"

"Ford Motor Co. announced Monday it will build a $3.5 billion electric vehicle battery plant in Michigan that uses Chinese technology, a move the company believes will bolster its ability to take advantage of President Joe Biden’s landmark climate law."

Source: E&E News, 02/14/2023

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