China has poured a staggering $230.8 billion into its electric vehicle (EV) industry over the past decade, according to a new analysis by the Center for Strategic and International Studies (CSIS). This massive government support, representing nearly 19% of total…
Chinese Car Companies Demand 25% Tax on European Vehicles Chinese car companies have called on their government to impose import taxes of up to 25% on European Union (EU) rivals if the bloc follows through with its threat to impose…
Fisker, the struggling electric vehicle startup, has filed for Chapter 11 bankruptcy amid mounting financial woes and production challenges. The company, known for its Fisker Ocean electric SUV, had previously warned of a potential collapse due to insufficient funds to…
The electric vehicle (EV) industry is reportedly facing a significant challenge as a substantial percentage of EV buyers in the United States are considering returning to combustion engine cars. According to a McKinsey & Co. survey, almost 40% of U.S.…
China has strongly criticized the European Union’s decision to impose tariffs of up to 38.1% on Chinese electric vehicles, calling it protectionist behavior and urging the EU to correct its “wrong practices,” reports Reuters. The reaction from China and other…
The European Union’s decision to impose additional tariffs of up to 38.1% on electric vehicles imported from China has drawn criticism from Beijing and raised concerns about a potential trade war. The move follows an investigation into China’s state support…
Volvo, the Swedish automaker owned by China’s Geely, is moving production of its electric vehicles (EVs) from China to Belgium as the European Union (EU) considers imposing tariffs on Chinese-made EVs, according to a report by The Times. EU Investigates…
Germany’s Stance on EV Tariffs German Chancellor Olaf Scholz has voiced his opposition to restricting automotive trade, as the European Union moves closer to imposing tariffs on electric vehicles (EVs) imported from China. Scholz emphasized that Germany’s auto industry, which…
The Electric Vehicle Revolution China has rapidly emerged as a global leader in the electric vehicle (EV) industry. Chinese automakers are not only dominating their home market but also expanding exports worldwide. BYD, a Shenzhen-based conglomerate, has overtaken Tesla as…
Dirk Messner Calls for Fair, Science-Based Trade Rules In a speech at the German embassy in Beijing, Dirk Messner, president of Germany’s Environment Agency, emphasized the need for stronger multilateral ties to fight climate change amidst the current geopolitical challenges…
Chinese automakers target emerging markets as US and EU raise barriers In a strategic shift, Chinese electric vehicle (EV) manufacturers are focusing on emerging markets as the US and Europe impose tariffs and restrictions on Chinese imports. This move could…
Volvo Cars reported a 13% increase in global sales for May 2024, reaching 68,034 units. Reuters reports that the growth was primarily driven by a 27% surge in Europe and the strong performance of the fully electric EX30 model. However,…
The European Commission is set to impose provisional duties on Chinese electric vehicles (EVs) from July 4, according to EU officials. This move comes as a result of an investigation into subsidies in China’s EV industry, which has strained the…
In a groundbreaking move, Volvo Cars is set to introduce the world’s first electric vehicle (EV) battery passport for its flagship EX90 SUV, which is about to enter production. The Swedish automaker, owned by China’s Geely, developed the passport in…
US and EU Throw Up Roadblocks, but Automakers Grow Closer to China The US and Europe are erecting barriers to keep Chinese cars out of their markets, but at the corporate level, automakers are growing ever closer to China. President…
Tesla’s latest software update, version 2024.20, is rolling out now with some exciting new features and improvements. The update brings major upgrades to the adaptive headlights for Teslas equipped with matrix LED headlights, as well as a fun addition to…
The Lucid Air Sapphire, a high-performance variant of the already impressive Lucid Air, has taken the electric vehicle market by storm. With its unparalleled driving dynamics, top-of-the-line features, and eye-watering $250,000 price tag, this sedan is setting new standards in…
Tesla’s upcoming annual general meeting (AGM) on June 13 faces potential hurdles as tens of thousands of international retail shareholders, holding around $17 billion in stock, may be unable to vote due to inadequate cross-border voting systems provided by investment…
Chancellor Confident in Germany’s Auto Industry Despite Challenges German Chancellor Olaf Scholz has praised Volkswagen AG’s move to develop affordable electric vehicles (EVs) priced from €20,000 ($21,696) as “very good.” Speaking at the East German Economic Forum in Bad Saarow,…
Musk Slams New US Tariffs Tesla CEO Elon Musk has come out strongly against the new US tariffs on Chinese electric vehicles (EVs). His comments follow President Joe Biden’s decision to drastically increase these tariffs, quadrupling them in the process.…
Norway’s forward-thinking policies have propelled electric vehicles (EVs) to dominate 82% of new car sales in 2023, reports Forbes, outpacing the US and China, and setting a global standard for EV adoption. Government Action Sparks EV Boom In 2023, over…
Tesla has recently set up an impressive display featuring the upgraded Model 3 Performance and the much-anticipated Cybertruck at a mobility expo in Macau. This exhibition took place at the Car, Sky, and Vehicle Expo held at the Venetian Cotai…
Volvo’s Entry into the Electric MPV Market Volvo has launched its first-ever electric minivan, the EM90, marking a significant shift in the brand’s focus towards electric mobility. The EM90, designed as a luxury multi-purpose vehicle (MPV), is set to redefine…
In the ever-evolving world of electric vehicles (EVs), Tesla finds itself in a unique position, steering clear of a recent European Union (EU) investigation. This probe aims to unearth potential manipulations of subsidies by various automotive brands exporting their EVs…
The electric vehicle (EV) sector witnessed a new chapter of disputes as the European Union (EU) unveiled its investigation into Chinese EV subsidies. China, however, has voiced its concerns, indicating the depths of the growing rift between the two economic…
Nissan, a prominent name in the auto industry, has taken a bold leap towards an electrifying future in Europe. The company recently unveiled its sleek new electric vehicle (EV) concept, signaling its commitment to a cleaner, more sustainable transportation landscape…
It’s not every day countries compete for the attention of a car manufacturer. But when that manufacturer is Tesla, the stakes are sky-high! Racing for Tesla’s Next Big Venture As Tesla contemplates its next manufacturing expansion, countries are eagerly stepping…
Volvo, the Swedish auto giant, is making waves again. But this time, it’s in the electric vehicle realm. Expanding Electric Operations Volvo is set to kick-start the serial production of heavy-duty electric trucks in its Ghent factory in Belgium, according…
Tata Motors, renowned as India’s foremost electric vehicle (EV) manufacturer, is gearing up for something big. Not just content with dominating its home turf, Tata has now set its eyes on international waters. Tata Motor’s Global Aspirations In a recent…
The famed Nürburgring track, where auto giants like Tesla and Porsche have battled for record times, just witnessed an electrifying performance by Rimac’s Nevera. This electric hypercar from Rimac clocked an astounding lap time of 7m 05.298s, overtaking Tesla’s Model…
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