Sign In or Create an Account.

By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy

Electric Vehicles

Why Rivian’s Stock Is Up
Electric Vehicles

AM Briefing: A Boost for Rivian

On EV growth, battery prices, and Arctic drilling

Climate

AM Briefing: Disappearing Clouds

On climate mysteries, solar revolt in Nevada, and bird breakups

Yellow
Electric Vehicles

The EVs to Get Excited About in 2025

Even with Trump in the White House, we’ll still have electric vehicles.

Green
Climate

AM Briefing: Suing Duke Energy

On climate lawsuits, EV sales figures, and Coca-Cola

Yellow
Meta Puts Out the Call for Nuclear Energy Developers

AM Briefing: Calling All Nuclear Developers

On powering data centers, China exports, and surprising pollinators

Yellow
Lyten batteries.

These Battery Startups Think They Can Succeed Where Northvolt Failed

Two U.S.-based companies are betting on lithium-sulfur to compete with China.

Green
Electric Vehicles

AM Briefing: $7 Billion for Batteries

On Stellantis and Samsung’s factories, a new Jaguar EV, and innovative climate finance

Will the DOE’s New $7 Billion Battery Loan Survive Trump?
<p>Heatmap Illustration/Getty Images</p>

Current conditions: Japan’s warmest autumn ever recorded has delayed the country’s vibrant foliage season • The east coast of Australia is bracing for a “rain bomb” • A Canadian storm system is bringing a blast of Arctic air to the Midwest and Northeast today through Thursday.

THE TOP FIVE

1. DOE to loan Stellantis and Samsung $7 billion for EV battery factories

The Biden administration yesterday approved a $7 billion conditional loan for the joint venture between Stellantis and Samsung SDI – called StarPlus Energy – to help the companies build two EV battery plants in Kokomo, Indiana. The Department of Energy estimates the projects will create 3,200 construction jobs and 2,800 operations jobs, and the finished plants will produce 67 GWh of batteries, “enough to supply approximately 670,000 vehicles annually.” The loan isn’t finalized yet, and its fate hangs in the balance as President-elect Trump’s administration may not see it through. Though as The New York Timesnoted, “both projects are in congressional districts represented by Republicans,” and “some of them may be unwilling to get in the way of projects that bring thousands of jobs and billions of dollars to their districts.” Just two days ago, Stellantis CEO Carlos Tavares resigned, and the company has been posting sluggish U.S. sales figures. Last week the DOE announced another conditional loan for EVs: $6.6 billion for Rivian to build its Georgia manufacturing plant.

Keep reading...Show less
Electric Vehicles

AM Briefing: More Money for Rivian

On conditional loans, China’s emissions, and primary care clinics

Rivian’s $6.6 Billion Windfall
<p>Heatmap Illustration/Getty Images</p>

Current conditions: Storm Conall brought more heavy rain and flooding to sodden England • Flash floods killed at least 20 people on Indonesia’s Sumatra island • The northern Plains will be hit with an “arctic outbreak” on Thanksgiving day.

THE TOP FIVE

1. Rivian gets conditional DOE loan for $6.6 billion

The Department of Energy yesterday agreed to loan Rivian $6.6 billion to resume construction on its factory in Georgia, where the company will produce the upcoming R2 and R3 electric pickups. The loan is conditional, meaning it hasn’t been finalized just yet. “If finalized, the loan will support construction of a 9 million square foot facility to manufacture up to 400,000 mass-market electric sport utility vehicles and crossover vehicles,” the DOE said in a statement. “At full capacity, the EVs manufactured at the facility are expected to yield an annual fuel consumption savings of approximately 146 million gallons of petroleum.” Whether the loan will be completed before the incoming Trump administration takes over – or whether Trump would try to axe the loan – remains to be seen. The Biden administration set a goal for zero-emission vehicles to make up half of new U.S. car sales by 2030.

Keep reading...Show less