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Texas house approves $200 annual fee on EVs, bill heads to Gov. Abbott’s desk
April 28, 2023 1:27 PM EDTA Texas bill requiring electric vehicle drivers to pay an additional annual $200 fee passed the state House of Representatives Thursday with a unanimous vote of 145-0. SB 505 will now head to Gov. Greg Abbotts desk where it is expected to be signed.
Republican state Sen. Robert Nichols, who sponsored the legislation, said an additional electric vehicle fee is necessary because EV drivers don't pay gas taxes when they fuel their vehicles.
"As... More
Hyundai and SK On finalize $5B EV battery venture in U.S.
April 25, 2023 11:45 AM EDTHyundai Motor Co. announced Tuesday that the South Korean automaker has finalized a $5 billion electric vehicle (EV) battery joint venture in the U.S., boosting electrification efforts in the country.
Hyundai and partner SK On, a battery unit of SK Innovation Co Ltd (096770.KS), will set up a... More
