UK Carmakers Offer $2.6 Billion in EV Discounts, Still Miss Sales Targets
Automakers in the UK are set to provide at least £2 billion ($2.6 billion) in electric vehicle discounts this year, yet they’re still falling short of the government’s sales mandate, according to a Bloomberg report. Record EV Registrations, but Not…
BYD’s Hybrid Surge: Chinese Automaker Shifts Gears in Global EV Race
BYD, the $122 billion Chinese auto and battery giant, is experiencing a significant shift in its product mix, with hybrid vehicles overtaking pure electric models in sales this year. This trend, particularly driven by exports, highlights the growing global demand…
Tesla Cybertruck Faces Fifth Recall in Less Than a Year
Tesla’s 2024 Cybertruck has racked up its fifth recall in under a year, highlighting potential issues with the electric pickup’s design and performance. The most recent recall, affecting 27,185 vehicles, was announced on October 3, 2024, and involves a significant…
Toyota Takes Flight with $500M Investment in Joby’s Electric Air Taxi Vision
In a bold move that signals a new era of urban mobility, Toyota Motor Corporation is soaring to new heights with a hefty $500 million investment in Joby Aviation’s electric air taxi dream. This groundbreaking announcement cements Toyota’s position as…
Tesla Reverses Delivery Decline with Q3 Rebound
Tesla’s global deliveries bounced back in Q3 2024, marking the company’s first quarterly increase this year. This upturn comes as a relief after earlier declines had sparked worries on Wall Street about Tesla’s growth potential in the EV market. According…
Chinese EVs Raise Privacy Concerns: Potential Eavesdropping Capability Exposed
A recent report from the New York Post has uncovered alarming claims about privacy issues in Chinese-made electric vehicles, specifically those manufactured by BYD. Owners have reported that these EVs might have a hidden feature allowing external parties to listen…
GM’s EV Sales Surge 60% in Q3, Riding Wave of Electric Innovation
General Motors (GM) has reported a significant boost in its electric vehicle sales for the third quarter of 2024, according to their latest sales results. The automaker’s EV deliveries surged by 60% year-over-year, reaching a record 32,095 units. Record-Breaking Quarter…
US Government Shells Out $2 Billion in EV Tax Credits, Boosting Electric Vehicle Adoption
The U.S. Treasury has reported a significant milestone in electric vehicle (EV) adoption, with $2 billion in tax credits issued for over 300,000 EVs since January 1st. This surge in EV purchases comes as new point-of-sale tax credit rules took…
BYD Recalls Nearly 97,000 EVs Over Potential Fire Risk
BYD, China’s leading electric vehicle manufacturer, is recalling almost 97,000 EVs due to a manufacturing defect that could lead to fire risks, according to Reuters. The Recall Details The recall affects Dolphin and Yuan Plus models made in China between…
Tesla Rides High on Q3 Delivery Projections and Robotaxi Promise
Deutsche Bank analyst Edison Yu has maintained a Buy rating on Tesla (TSLA) with a price target of $295.00, according to a report from TipRanks. This optimistic outlook stems from Tesla’s anticipated strong performance in Q3 2024 and exciting developments…
BMW Takes the Lead in Climate Innovation at NYC Event
BMW’s Urban-X platform stole the show at Climate Week NYC 2024, showcasing cutting-edge solutions for urban sustainability. The automaker’s initiative, born from its MINI subsidiary, is tackling the infrastructure gap hindering widespread EV adoption head-on, reports Design Boom. BMW, long…
Volvo Taps the Brakes on All-Electric Ambitions, Citing Market Realities
In a surprising turn of events, Volvo, once a trailblazer in the electric vehicle revolution, is now easing off the accelerator on its ambitious all-electric plans. This strategic shift comes as the Swedish automaker grapples with a market that’s not…
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