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As inflation and Russia’s invasion of Ukraine causes gas prices to creep north of $7 per gallon in some parts of Los Angeles, more drivers are considering electric vehicles as an alternative. But for many EV manufacturers, supply chain challenges and production delays are gridlocking their ability to capitalize on the rising demand.

Even before this year’s stark rise in gas prices, consumers had begun buying more electric and hybrid vehicles, which accounted for 6.2% of all new vehicle purchases in the U.S. last year (up from 4.2% in 2020), according to auto industry research firm Edmunds.

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Electron Transport, a Los Angeles startup founded by alumni of electric automaker Faraday Future and military technology firm Anduril, is raising a $28 million funding round, per regulatory filings.

Dubbed a “stealth electrification startup” by its founders, Electron Transport has closed on $24.7 million and aims to raise nearly $3.5 million more, according to an SEC filing. The firm is developing an electric truck chassis, dot.LA has learned.

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After a two-year pandemic-induced hiatus, the L.A. Auto Show is returning with a crush of Southern California electric vehicle makers debuting cars ahead of next week's show and new ones announcing they will enter the local market for the first time.

While there's a handful of new cars being introduced at this year's show, local automakers have yet to deliver any vehicles to customers and are planning to do so within the next five years.

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