Tag: EV facility

Industry Focus Areas, Workforce Development

Subaru CEO Compares Employees’ Salaries to McDonald’s, Says US EV Facility Won’t Be Built Soon

November 4, 2022

Via: Tech Times

Based on a report by Electrek, since the new reform of federal tax credit indicates a protectionist clause, it requires manufacturers to build EVs in North America to qualify for the $7,500 incentive. However, the high-priced incentive is insufficient to […]

Industry Focus Areas, Motorized Vehicle

Saudi Arabia Orders Up to 100,000 Electric Vehicles in Boost to Startup Lucid

April 27, 2022

Via: The Wall Street Journal

Saudi Arabia will purchase between 50,000 and 100,000 electric vehicles over the next decade from Lucid Group Inc., which is backed by the kingdom’s sovereign-wealth fund, in a boost to the car maker’s push to increase sales revenue. Lucid shares […]