North Carolina is suing VinFast, the Vietnamese electric vehicle manufacturer for a breach of agreements with the state for a planned EV factory in Moncure, Chatham County.
After being silent for almost two years, electric vehicle maker VinFast said on Monday that it plans to resume construction as early as April on its $4 billion EV manufacturing plant in Chatham County.
Stein touted future economic growth after record announcements of over 33,000 new positions and nearly $23 billion in overall project investments, in 2025.
Toyota held a ceremony to mark the opening and start of production at its first North American electric battery manufacturing plant in Liberty, Randolph County.
Natron Energy, a California-based company that planned to build the first US gigawatt-scale sodium-ion battery plant in Edgecombe County, is ending operations on Wednesday.
North Carolina has the 11th highest gas tax in the nation, down two spots from last year.
Excitement over the promise of North Carolina’s first vehicle manufacturing plant led to great fanfare at the groundbreaking for Vietnamese electric vehicle maker VinFast’s $4 billion EV manufacturing plant in Triangle Innovation Point, in Moncure, Chatham County, over two years ago.
Wolfspeed, the semiconductor supplier headquartered in Durham, faces uncertainty as it prepares to file for Chapter 11 bankruptcy in the coming weeks.
A coalition of organizations is urging Congress to terminate the subsidies associated with the Inflation Reduction Act (IRA) and the elements of the Green New Deal it codified in policy. The coalition, including the John Locke Foundation's Center for Food, Power, and Life, argues that these subsidies are counterproductive and impose undue financial burdens on taxpayers.
Federally funded EV charging stations and broadband infrastructure are two areas where DOGE could eliminate government waste.
North Carolina has one of the highest gas taxes in the nation. The emergence of electric vehicles diminishes the gas tax as a practical implementation of the user fee for road use. To close this loophole, many states have considered implementing a mileage-based user fee.
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