Tariffs, tax credits, mandates and regulators — the rules that shape the EV market.
Tesla’s performance in China remains strong, with the electric vehicle giant recording its second-best week of Q3 2024 for new vehicle insurance registrations. According to Sawyer Merritt’s post on X, 15,600 Teslas were insured in China last week. Q3 Numbers Paint a Positive Picture While this figure represents a slight 3.7% decrease from the previous…
Google’s autonomous driving unit Waymo is reportedly in talks with Hyundai to manufacture its next generation of self-driving vehicles, according to Reuters. This potential partnership could mark a significant shift in Waymo’s strategy and the autonomous vehicle industry as a whole. Talks Underway Officials from Waymo and Hyundai have met more than three times to…
The European car industry is in a bind as sales of electric vehicles (EVs) dropped by a staggering 44% in August compared to last year. This decline has sparked calls from the European Automobile Manufacturers Association (ACEA) to relax EU emissions targets, warning of “multi-billion-euro fines” if the shift to electric production isn’t quick enough,…
BMW is taking a big step towards a more sustainable future by partnering with Redwood Materials to recycle lithium-ion battery packs from its electrified vehicles. This move is part of BMW’s broader strategy to create a closed-loop supply chain for its EVs, starting with its sixth-generation powertrain that will debut in the Neue Klasse, according…
New car sales in the European Union took a nosedive in August, dropping by 18.3% to their lowest levels in three years. The decline was particularly steep for electric vehicles (EVs), with sales plunging by 43.9%. This marks the fourth consecutive month of falling EV sales, as reported by the European Automobile Manufacturers Association (ACEA).…
In a groundbreaking update to their 2019 analysis, Geotab has revealed that electric vehicle (EV) batteries are degrading at an average rate of 1.8% per year, down from 2.3% in 2019. This significant improvement means that EV batteries could last 20 years or more, providing fleet operators and managers with increased confidence in transitioning to…
Stellantis, the automotive giant born from the merger of FCA and PSA, is grappling with some serious challenges in the European market. Regulators are pushing for more electric vehicle (EV) sales, but governments are cutting back on incentives, making it tough for automakers to meet emission targets without facing hefty fines. This situation is putting…
The Biden administration is making moves to clear up how homeowners and businesses can get their hands on some serious tax credits for installing electric vehicle (EV) chargers. The Treasury Department proposed a new rule on Wednesday that could make credits worth up to $1,000 for individuals and a whopping $100,000 for businesses available for…
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