Adding to the headwinds: an incoming new U.S. president who has disparaged government support for electric vehicles.
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Production of a new battery electric vehicle at the plant is expected to result in 340 new jobs by the end of 2025, Toyota announced Thursday.
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The company’s bankruptcy filing comes less than a month after it shut down its Andersen plant in a decision that blindsided employees.
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Among Indiana counties, Marion County has recorded the most electric and hybrid vehicles registered over the last five years, totaling close to 91,000.
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Stellantis and Samsung SDI formed their Indiana joint venture, StarPlus Energy, in 2021 and began production at a $2.5 billion battery manufacturing plant in Kokomo three years later.
The Transportation Department proposal represents the administration’s latest bid to unwind a suite of policies spurring electric vehicle production that Trump has derided as an “EV mandate.”
The vote followed weeks of debate over his management record at the electric car maker and whether anyone deserved such unprecedented pay.
The National Highway Traffic Safety Administration said in a filing dated Tuesday that it has 58 incident reports of Tesla vehicles violating traffic safety laws while operating in full self-driving mode.
The electric car maker likely benefited from a rush by consumers to take advantage of a $7,500 credit before it expired on Sept. 30.
Most industry observers forecast a slowdown in EV sales in the coming quarters, because without the federal incentives, the vehicles are still more expensive than gas-powered cars.
Though the overall growth was modest, clean-vehicle employment remains one of the stronger performing subsectors in Indiana.
The Environmental Protection Agency’s plan this week to relax rules aimed at cleaning up auto tailpipe emissions is the latest Trump administration move to undo incentives for automakers to go electric.
A June AP-NORC poll showed about half of U.S. adults have an unfavorable opinion of Tesla, including 30% of Republicans.
Honda said Tuesday that electric vehicle sales were slowing in the U.S., prompting the automaker to scrap its previous goal for EVs to be 30% of its global vehicle sales by 2030.
The Trump administration’s effort to withdraw funding for electric vehicle chargers is part of a broader push to roll back environmental policies advanced under President Biden.
The facility would be the second Rivian service center in Indiana following one that opened in March in Fort Wayne.
The Transportation Department said it will move toward a single set of national rules for the technology to replace a patchwork of state regulations.
The electric vehicle maker reported a 71% drop in profit and a 9% decline in revenue for the first quarter.
Analysts are still not sure exactly how much the fall in sales is due to the protests or other factors. Electric car sales have been sluggish in general.
Potential rollbacks of Biden-era policies that incentivized electric vehicle production and ownership have stirred apprehension among some local economic development officials across the state.
President Trump’s order also put an immediate pause on billions of dollars in funding allocated for EV charging stations.
The project being built by StarPlus Energy LLC is expected to create at least 2,800 jobs at the two plants and hundreds more at a nearby park for parts-supply companies.
When operational, the facility will produce battery separators for lithium-ion battery manufacturers across the country, primarily for use in electric vehicles.
Tesla expects the Cybercabs to cost under $30,000, Musk said. He estimated that the vehicles would become available in 2026, then added “before 2027.”
