Tariffs, tax credits, mandates and regulators — the rules that shape the EV market.
The Biden administration is revving up efforts to ban Chinese-made software for electric and connected vehicles, citing significant cybersecurity risks. This bold move, as reported by Bloomberg, stems from an in-depth investigation into potential threats that Chinese vehicle software could pose to US drivers, infrastructure, and national security at large. Cybersecurity Takes the Driver’s Seat…
BYD, the Chinese electric vehicle giant, is making significant headway in Southeast Asian markets, particularly in Singapore and Malaysia. This success is largely attributed to the company’s swift adaptation to local requirements, according to Fortune. The Right-Hand Drive Advantage Jeffrey Gan, Managing Director for Southeast Asia at Sime Darby Motors, BYD’s distributor in the region,…
The U.S. Department of Energy (DOE) just dropped a bombshell in the EV world, announcing $355 million in federal funding for EV battery manufacturing projects across Michigan. This cash injection, courtesy of the Bipartisan Infrastructure Law, is set to supercharge the state’s role in the electric vehicle revolution. Breaking Down the Big Bucks Let’s take…
Stellantis is navigating rough waters as it pushes forward with its electric vehicle strategy in the U.S. According to a recent report from Automotive News, the automaker is facing significant resistance from both its dealership network and the United Auto Workers (UAW) union. Dealer Discontent Stellantis dealers aren’t happy campers. They’re struggling with inventory shortages,…
The electric vehicle (EV) market is heating up, and Tesla’s Model Y is making waves. According to a recent report by Wolf Richter for WOLF STREET, the Model Y is now a hair’s breadth away from becoming the best-selling model in the US, closing in on the Toyota RAV4. Meanwhile, the Ford F-150, once the…
Mercedes-Benz, the German luxury automaker, has seen a significant drop in its share price following a profit warning issued on September 20, 2024. The company cited weakening demand in China as the primary reason for the downgrade, which has had ripple effects across the European automotive sector, reports CNBC. Profit Warning Details Mercedes-Benz announced a…
Lucid Motors, a Silicon Valley-based electric vehicle (EV) startup, has officially opened a new office in Southfield, Michigan, aiming to tap into Detroit’s rich automotive talent pool and boost its operations. This strategic move comes as Lucid prepares for the launch of its highly anticipated Gravity, a three-row electric SUV. CBT News reports that the…
Rivian is making waves in the electric vehicle (EV) market with its latest tri-motor configuration for its trucks and SUVs. The company is now shipping these models, offering an extra power boost over the dual-motor version. This new setup features an impressive 850 horsepower powertrain, utilizing Rivian’s in-house Enduro motors—one in the front axle and…
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