Ford to invest $1.3 billion to build EV manufacturing hub in Canada
Ford Motor has announced plans to invest CAD 1.8bn ($1.3bn) to transform its Oakville Assembly Plant in Ontario, Canada into an electric vehicle (EV) manufacturing hub. The retooling of the plant is expected to take six months and will start in the second quarter of 2022. The newly renamed Oakville Electric Vehicle Complex will produce the automaker’s next-generation EVs that are expected to arrive on the market by the middle of this decade.
Ontario's new hydro plan for 'ultra–low' off-peak rates could benefit some, but not all EV owners
Ontario is set to roll out a new “ultra-low” overnight electricity pricing plan on May 1, aimed at encouraging demand shift and promoting the use of electric vehicles. However, according to experts, the new pricing option may not necessarily benefit all electric car drivers, depending on their daily commute distance.
Why trucks are the 'it' electric vehicle to buy right now
The electric truck market is heating up, with the best-selling Ford F150 Lighting, the Rivian R1T electric pickup, GMC Hummer EV pickup, and the upcoming GMC Sierra EV Denali and the Stellantis Ram 1500 REV. These electric trucks are getting consumers to think about EVs, and the adoption rate is going up.
Could proposed U.S. auto emission rules help accelerate Canada’s clean economy?
The proposed strict automobile pollution limits in the US will encourage more Americans to buy electric vehicles (EVs) and reduce greenhouse gas emissions and other pollutants, according to energy think-tanks. The new rules, announced by the US Environmental Protection Agency, would require up to two-thirds of new passenger vehicles sold in the US to be EVs by 2032. What effect will this have on Canada?
Major drop in lithium prices could mean cheaper electric vehicles
The fall in lithium prices by over 65% since January could mean cheaper electric vehicles in the future. This is due to China removing subsidies for electric cars, which led to sluggish sales and reduced demand for greener alternatives. Other metals, such as cobalt and nickel, which are key ingredients in batteries, are also seeing their prices slide.
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