US: Hundreds of billions to be given to clean energy, electric vehicles and flood defenses

The Biden administration announced a vast spending bill, with hundreds of billions of dollars allocated to support clean energy, electric vehicles and new defenses against extreme weather events. The Guardian notes: This proposed framework includes $555bn in incentives, investments and tax credits aimed at bolstering the deployment of renewable energy such as solar and wind, as well…

NIO and TESLA record deliveries even when the industry is affected by chip shortages

Despite the current chip shortages affecting many automakers around the world to the point where entire factories have been shut down, the EV market hasn’t been impacted that much so far, with TESLA even delivering record numbers, same holds for NIO, or XPENG. However, it also depends on how automakers order their chips, or how…