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Nissan plant will build new electric vehicles in Mississippi

The Japanese car manufacturer Nissan announced last month it will spend half a billion dollars to upgrade its facility and workforce at its Canton plant, with the goal of building two new all-electric models by 2025.

“For nearly two decades, Mississippians have kept our state at the forefront of the world’s automotive industry,” Gov. Tate Reeves said. “The announcement that Nissan Canton is shifting some production to EVs (electric vehicles) further positions Mississippi as a leader in this crucial economic sector.”

But it’s less likely Mississippians will be driving those cars compared to drivers in the rest of the country. Mississippi has, per capita, the lowest number of electric cars registered of any state, according to U.S. Census and Department of Energy data.

Policymakers and businesses around the U.S. are trying to jolt the electric car industry, with the hopes of emitting less carbon into an already warming atmosphere.

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New federal regulations make it easier to build and buy classic car replicas

America’s roads may look a little older in the future. Not the pavement, but the vehicles driving on it.

The Nationa Highway Traffic Safety Administration (NHTSA) has finally put the stipulations of a law passed in 2015 into effect that will make it easier to build and buy new replicas of classic cars.

The rules set down by the Low Volume Motor Vehicle Manufacturers Act were developed in partnership with SEMA, the organization that represents the U.S. automotive aftermarket industry.

The final regulations allow small manufacturers, who build less than 5,000 vehicles annually, to annually produce up to 325 licensed replicas of vehicles that are at least 25 years old without having to meet costly crash testing and other modern safety standards and sell them with a federally registered VIN.

Previously, these types of vehicles could only be sold as “component” or “kit” cars that had to

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How Much Does It Really Cost To Build A Restomod?

We’ve all seen incredible pieces of automotive art such as the ‘Bad News’ Camaro, but how much does it truly cost to make something like that?

Many automotive enthusiasts worldwide have taken a particular interest in a growing industry that makes it easier for people to achieve their dream resto-modded car. This is the custom classic car market specializing in creating tastefully designed works of automotive art, usually with some twist on the original. Typically these cars will boast a massive V8 engine under the hood, thousands of hours in exterior and interior design, and seemingly unending attention to detail. But, of course, this work adds up to a fairly hefty price tag for both the builder and owner of the incredible vehicle. So how much does it cost to put together a fully customized classic muscle or pony car?

Check out 8 impressive restomods here.

The first thing

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RIVN Stock: Rivian’s the Latest ‘If You Build the EV, Will They Come?’ Story

Rivian Automotive (NASDAQ:RIVN) stock has already had a wild ride, as it starts mass production of an electric pick-up truck.

The back of a silver Rivian (RIVN) pick-up truck.

Source: Miro Vrlik Photography / Shutterstock.com

Shares opened at $78 on Nov. 10. This brought Rivian $12 billion in cash, Their value then took off in the first week of trading, peaking at $178 each on Nov. 16.

The shares fell back to earth when the company announced it was no longer working with Ford Motor (NYSE:F), which still owns 12% of the stock. Rivian stock closed last week at about $112, a fall of more than 30%. But Rivian still has a market capitalization nearing $100 billion.

The loser was Ford, a century-old auto giant. It’s now worth just $78.9 billion as it ramps up its own electric vehicle efforts. The fall in Rivian’s price also cut $3.6 billion off the value of Ford’s Rivian

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