Ford CEO Jim Farley on Wednesday said he expects the cost of raw materials for electric vehicles to stay high, a clear sign that automakers will continue to increase prices on their new EVs.

The European Union on Thursday said it believes the new EV tax credit plan in the U.S. would break World Trade Organization rules by discriminating against European automakers.

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General Motors on Thursday announced it has entered a long-term agreement with rare earth mining and manufacturer MP Materials Corp.

German auto parts manufacturer Schaeffler has entered into a deal with Norwegian rare earth material processor REEtec to bolster its supply of EV parts.