The White House is negotiating to have automakers pledge that 40 percent or more of the vehicles they sell in the US would be electric by the end of the decade, something the companies say would require the government to help promote the use of the cars.
United Auto Workers spokesman Brian Rothenberg said the union is in discussions with the White House and automakers about a sales target, but he said an agreement has not been reached.
General Motors Co also said no agreement has been reached.
A second person familiar with the negotiations also confirmed the talks on an electric vehicle (EV) sales target are happening, but said there is no agreement and the talks are still at an early stage.
A pledge on new car sales would be significant, because while some US automakers have promised to convert their model lineups to electric vehicles, they have not made any promises on volumes.
Automakers are looking for support from the government in meeting those goals, such as subsidies or funding for charging infrastructure like that contained in a bill working its way through the US Senate now.
“Ford has already said that we are leading the electrification revolution and planning on at least 40 percent of our global vehicle volume being all-electric by 2030,” Ford Motor Co spokeswoman Melissa Miller said in an e-mailed statement.
CEO “Jim Farley said Wednesday that customer reaction to EVs so far is exceeding our expectations, and we’re going to stay ahead of customer demand,” she said.
An agreement with automakers could help build support for a US$550 billion, bipartisan infrastructure deal that passed a procedural hurdle in the Senate this week.
The bill would dole out US$7.5 billion to help build a nationwide network of electric vehicle chargers, an amount that would nearly double all prior public investment by utilities, states and the federal government in those critical charge points.
The White House has not said how many charging stations the money would pay for, but it said the funding represents the “first-ever national investment in EV charging infrastructure in the United States.”
However, it is still just a fraction of the US$87 billion analysts and environmentalists say is needed this decade to swiftly electrify the nation’s cars and trucks that would require reliable access to electrons.
“In context, it’s a big investment, but relative to the amount that’s needed to really set us up for 100 percent electrification, it’s a down payment,” said Nick Nigro, founder of Atlas Public Policy, a research firm that analyzes the EV market.
Ryan Gallentine, a policy director with Advanced Energy Economy, a group that supports greater electrification, called the Senate spending measure “a good start” that would buttress automakers’ EV plans.
In many places, getting charging stations installed would require upgrades in power transmission and other systems to support them, Gallentine said.
“There’s a lot of factors that play into the number of actual chargers we get,” Gallentine said. “States are going to have to look at the amount of money they are going to get out of this package and decide how they will want to spend it.”
A rapid rollout of electric vehicle charging stations is seen as critical to building consumer support for the cars and meeting US President Joe Biden’s goal of halving US greenhouse gas emissions by the end of the decade.
Automakers are also lobbying for an expansion of the electric vehicle tax credit, currently valued at as much as US$7,500. Tesla Inc and GM have already passed a 200,000-per-manufacturer ceiling at which the value of those credits phases down.
With EV sales hitting monthly records and analysts predicting those plug-in cars would reach nearly 70 percent of the passenger vehicle market by 2040 — more charging infrastructure is urgently needed, Nigro said.
As Google expands its footprint in Taiwan, it plans to recruit software and hardware talent for its Google Nest smart device team, a chip development team, and teams to support its Pixel and Chromebook products, Google Taiwan said yesterday. Supply chain management talent will also be in demand, the company said at an online event. “There will always be openings for software engineers, hardware engineers and project managers,” Google Taiwan human resources head Vanessa Lu (呂亞樵) said. “The strength of the Taiwanese industry is very clear,” Lu said, adding that the company would continue to invest in Taiwan. Lu also doused some
Apple Inc’s iPhone 13 debut was met with a stock slump on Tuesday, keeping with a tradition of poor share price performance on the day new devices are unveiled. Shares of the technology giant sank after Apple executives, including chief executive officer Tim Cook, presented the new lineup of phones and other devices. The stock fell 1 percent to close at US$148.12 in New York trading. Prior to Tuesday, Apple’s shares fell on three-quarters of the days Apple unveiled new iPhones, data compiled by Bloomberg showed. Excluding Apple’s 8.3 percent rally on the day cofounder Steve Jobs announced the first iPhone in
BEATING SCHEDULE: Government plans are for nacelle assemblies to be totally local from next year, but Orsted Taiwan said that it was going ‘above and beyond’ Wind turbine manufacturer Siemens Gamesa Renewable Energy SA yesterday inaugurated Taiwan’s first nacelle assembly plant at the Port of Taichung, its first assembly facility for offshore nacelles outside Europe. Vice Premier Shen Jong-chin (沈榮津), a long-time champion of Taiwan’s ambitions to become a regional hub in the offshore wind farm industry, described the plant as a “milestone” at a ceremony at the plant. “The completion of Siemens Gamesa’s nacelle assembly plant is a milestone for the development of the offshore wind farm industry in Taiwan and a step toward localizing the supply chain,” Shen said. “This is only the beginning. My great hope
GOING PUBLIC: A merger with Poema Global Holdings should double Gogoro’s value to US$2.35 billion, as it rejects local markets to compete with global vehicle brands Gogoro Inc (睿能創意), an electric scooter maker and a battery swapping system provider, yesterday said it targets to launch an initial public offering (IPO) on Nasdaq via a merger with the special-purpose acquisition company (SPAC) Poema Global Holdings Corp in the first quarter next year. The combination would set Gogoro’s enterprise value at US$2.35 billion, more than doubling the US$1 billion value that defines a “unicorn.” The planned merger is also expected to provide proceeds of about US$550 million to Gogoro’s balance sheet, including an oversubscribed private investment in public equity (PIPE) of more than US$250 million and a trust of