Is an EV price war here yet?

Tesla late Thursday introduced yet another price cut for its Model 3 and Model Y, as represented on its consumer website, bringing the price of these new EVs down to their lowest ever.  The move, cutting up to $2,250 off these models, depending on the version, directly follows news earlier this week that, globally, third-quarter…

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Toyota secures batteries for US-made EVs due in 2025

Toyota on Wednesday announced a “long-term” battery supply agreement with LG Energy Solution, which the automaker claims will secure batteries for U.S. EV production. Under the contract, LG will supply battery modules at an annual capacity of 20 gigawatt-hours starting in 2025, according to a Toyota press release. Comprised of nickel-manganese-cobalt-aluminum (NMCA) pouch-type cells, the…

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