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Major BMW, Ford, and Chevy supplier to make its US plant ‘flexible’ for ICE and EVs

Major German car parts maker ZF Friedrichshafen is investing a hefty $500 million into its transmission plant in South Carolina – all to transform it into a “flexible manufacturer of parts” for both ICE and plug-in hybrids, and for both passenger cars and large commercial vehicles by launching production of its PowerLine transmission in the US.

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Biden to pour hundreds of millions into building EV charging stations

President Joe Biden


As part of President Biden’s massive $7.5 billion plan to extensively build out EV infrastructure in the US – much to the chagrin of some Republican lawmakers –  the government has announced that it is investing $623 million in grants to put 7,500 more EV charging stations on the roads.

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China’s BYD breaks record sales of 3 million EVs in 2023

BYD production Europe


It was a huge year for profits at Chinese auto behemoth BYD. In 2023, the company sold 1.6 million fully battery-electric vehicles, coming close to Tesla’s projected goal of 1.8 million vehicles. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and plug-in hybrids, BYD sold a whooping 3 million vehicles in 2023.

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Thousands of auto dealers sign up to offer new on-the-spot tax credit

aerial photo of building


New year, new rules: As of January 1, things are about to get a little easier when it comes to getting your federal tax credit for buying an electric vehicle. Now the rebate – which is up to $7,500 for new EVs that qualify and up to $4,000 for used EVs that qualify – is available immediately when you purchase your car, rather than needing to wait potentially months to file a claim with your tax return. And auto dealers are signing up in droves with the IRS.

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