The Arkansas-based company said the shift from using VDL Nedcar overseas to relying on the plants it is building in northwest Arkansas and Pryor, Oklahoma, was made to reduce supply-chain vulnerabilities and overseas shipping costs, and increase speed to market for its vehicles.
“The initiatives announced today are another step in executing our strategy of reducing risk and increasing certainty,” Chief Executive Tony Aquila said in a statement. “We have concluded that building in America is better aligned with our mission.”
Canoo said starting production in Oklahoma remains on track for late 2023, but it also now expects to begin building electric vehicles in Arkansas next year, instead of using the VDL Nedcar plant.
Goodyear introduced the new ElectricDrive GT, the company’s first replacement tire in North America tuned for electric vehicles.
The Goodyear ElectricDrive GT is a high performance, all-season tire designed to deliver long-lasting tread wear and a quiet ride for EV drivers and passengers.
The tire is designed with an asymmetric tread pattern and specialized tread compound that Goodyear claims “provides enhanced all-season traction, giving EV drivers confident handling in both wet and dry road conditions.”
While Goodyear plans to expand the ElectricDrive product line in 2022, the initial release of the Goodyear ElectricDrive GT is available in size 255/45R19 104W XL.
The announcement was made this week as part of the government’s Economic and Fiscal update 2021 report, which reads that $73 million will be added to the program, to “allow Transport Canada to continue offering purchase incentives for zero-emission vehicles until the end of March 2022.”
Originally launched in 2019, the government’s initial investment of $300 million was used up in 20 months. Last year, another $287 million was budgeted into the program, but by the end of October 2021, only around $48 million was left.
The investment of an additional $73 million is now taking the total funding of the iZEV program to almost $660 million since 2019.