The Biden-Harris Administration today submitted to Congress the President’s Budget for fiscal year 2023 of $5.89 trillion that included $142 billion for the Department of Transportation – a key government agency for the US’s vast automobile industry. (AutoInformed: President Biden Targets 50% Electric Vehicle Sales in 2030; Building Forward Better – President Biden, DOT, DOE Announce $5B National EV Charging Network; President Biden to Attend GM Factory ZERO Grand Opening; EPA Publishes Plan to Achieve Biden-Harris Priorities)
Automobility moves America by supporting a total of 10.3 million American jobs, or ~8% of private-sector employment; direct, indirect, and stimulated jobs supported by the auto industry create $650 billion in paychecks for millions of workers; Every job for an auto manufacturer in the United States creates ~11 other positions in industries in the economy. Continue reading
Chinese Hyper EV – the Lotus Eletre SUV Debuts
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The all-new and all-electric Lotus Eletre, billed as a progressive Hyper-SUV has debuted. It’s the first of a new line of pure electric SUVs from, ahem, Lotus. Known until now by its Lotus code-name, Type 132, the Eletre claims to be a “globally relevant product of sustainable mobility for a worldwide audience.” Hyper, because Eletre joins select ‘Two-Second Club’ – capable of 0-100km/h (0-62mph) in less than three seconds.
“The Eletre, our Hyper-SUV, is a new performance car from an iconic performance car brand and it will appeal to independent-minded and adventurous driving enthusiasts -those who love the thrill of driving. It is a unique combination of beautiful design, exceptional dynamic performance and everyday usability, for those who dare to look beyond the conventional, and marks a turning point for our business and brand,” claimed Qingfeng Feng, CEO, Group Lotus. Continue reading →