Automakers: Proposed Tax Credits Could Hurt EV Sales

Proposed tax credits of up to $7,500 for electric vehicles under the Inflation Reduction Act could be counterintuitive for sales of EVs, several companies and a group representing major automakers such as General Motors, Toyota Motor and Ford Motor said, according to a report from CNBC. The new rules would raise a sales threshold for… Continue reading Automakers: Proposed Tax Credits Could Hurt EV Sales

Cummins Acquires Electric Powertrain Supplier

Cummins has acquired Meritor, Inc., a supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions, the company announced. With the acquisition, Cummins intends to increase Meritor’s investment in electrification, the company said, and also add products to Cummins’ components business. Cummins expects to utilize its global footprint to accelerate the growth of these core… Continue reading Cummins Acquires Electric Powertrain Supplier

BorgWarner Acquires EV Charger Supplier

BorgWarner has acquired Rhombus Energy Solutions, the company announced. Headquartered in San Diego, California, Rhombus offers V2G and Underwriters Laboratory-certified charging. Rhombus supplies its patented technology to EV OEMs, including Proterra, and charging and grid service providers, the company said. The transaction has a value of up to $185 million, which is being funded primarily… Continue reading BorgWarner Acquires EV Charger Supplier

XPEL Selected as Exclusive PPF Supplier for Rivian

XPEL has been selected as the exclusive supplier for Rivian Automotive’s new paint protection film (PPF) factory direct program, the company announced. Rivian Automotive will offer factory direct PPF options to its customers ordering their new R1T and R1S models beginning late 2022, and customers will be able to choose between two PPF option packages:… Continue reading XPEL Selected as Exclusive PPF Supplier for Rivian