Wolfspeed laying off 20% of its workforce, with the most in Durham
Durham-based company Wolfspeed announced Wednesday that it is reducing its workforce by 20%, with most of the layoffs coming from its Durham location.
Biden administration signs initial agreement for $750 million in funding to support manufacturing plant for EV chips.
NC GOP's early vote surge was historic. To overcome this, Democrats need to make history, too, with Election Day turnout. But enthusiasm appears lacking with key groups.
Gov. Roy Cooper revealed this week that nine cities across North Carolina will receive a total of $5.92 million in government funds to build electric vehicle charging stations. However, most of the counties selected maintain the lowest electric vehicle registrations in the state.
Driving the annual NC average of 16,073 miles, the driver of a 10 MPG truck pays about $650 in gas tax towards state roads, while the EV owner only contributes a $180 registration fee.
US Treasury Secretary Janet Yellen was in North Carolina Thursday, visiting Wake Tech Community College to highlight what the Biden-Harris administration sees as the positive impacts of the Inflation Reduction Act (IRA). Sold, as its title suggests, as a means to lower inflation pressures on American producers and consumers, the IRA is now embraced as the most far-reaching climate legislation in US history.
Under the JDIG agreement, a potential of up to more than $11 million in taxpayer money would go to the two companies over a 12-year period.
While there appears to be another setback for VinFast after announcing Friday that they plan on delaying the opening of its $4 billion factory in Moncure, Chatham County, until 2028, a county official still has confidence that the project will come to fruition.
A new commercial aimed at bringing awareness to a new Environmental Protection Agency (EPA) ruling that will essentially ban gas-powered vehicles will be welcoming President Joe Biden and First Lady Jill Biden to the Tar Heel State as they attend a campaign rally in Raleigh on Friday, fresh off his debate with former President Donald Trump in Atlanta Thursday night.
By all accounts, President Biden is going to be spending a lot more time in North Carolina. But I’d wager to guess he won’t say a thing during his visits about what his administration has just done to ban most new gas, diesel and traditional hybrid vehicles by 2032. If this is news to you,...
For $109 million in federal taxpayer money, phase one will focus on Interstate 40, U.S. 17, and I-77. Phase two will focus on increasing public access to electric vehicle charging infrastructure, particularly in historically disadvantaged communities.
Drivers across the country will be paying more for their auto insurance this year, according to a report from ValuePenguin.com. While that includes North Carolina, drivers in the Tar Heel State are expected to pay less than their counterparts.