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TOKYO — Japanese automaker Toyota is beefing up its electric vehicle lineup, offering 30 new fully electric models by 2030, company president Akio Toyoda said Dec. 14.

The Biden administration on Dec. 13 released a federal strategy to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the goal of transforming the U.S. auto industry.

Volkswagen AG will invest 2 billion euros in a planned battery hub in Germany as part of a decision to create a dedicated company for the carmaker’s battery business.

Tesla Inc.’s Elon Musk spoke out in opposition to President Joe Biden’s signature economic package, questioning the need for legislation that would support electric car adoption due to concerns government spending is out of control.

LG Energy Solution plans to raise as much as $10.8 billion in what would be South Korea’s biggest-ever initial public offering, defying concerns over fires involving its batteries that led to a mass recall of Chevrolet Bolt electric vehicles.

Lucid Group Inc. disclosed it has become the latest electric vehicle maker to come under U.S. investigation following a merger with a blank-check company, sending its shares plummeting.

Toyota is preparing to build a $1.3 billion electric vehicle battery plant near Greensboro, N.C., that will employ at least 1,750 people, government officials said Dec. 6.

Elon Musk, CEO of Tesla, responded to a tweet speculating about what versions of the Cybertruck will be available for purchase by saying initial production will be of the four-motor variant.

Ford Motor Co. claimed it was the best-selling automaker in the U.S. for the third consecutive month in November, a streak it hasn’t achieved since 1974, as it reported a 5.9% year-over-year sales boost for the month.

Elon Musk’s offloading of Tesla Inc. shares surpassed the $10 billion mark as he sold stock in the electric car maker for the fourth consecutive week.