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The European Union is set to lower its proposed tariffs on electric vehicles (EVs) imported from China, following consultations with affected companies. This development comes as part of an ongoing trade dispute between the EU and China over EV subsidies and market competition, reports the SCMP. Key Points Background The European Commission launched an investigation…
Lucid Motors is gearing up to take on Tesla with a new mid-size electric SUV, set to launch in late 2026 and to start around $48,000 to $50,000
In a bold move to expand their global footprint, nearly 900 Chinese auto suppliers and a handful of EV makers are showcasing their products at the Automechanika trade fair in Frankfurt. This event, which typically focuses on suppliers, has added a special “EV Expo” to highlight Chinese-made electric vehicles. The initiative comes as the Chinese…
Citroën is gearing up for an epic journey across Africa with four electric vehicles powered solely by custom-made solar panels. This ambitious trek, dubbed La Croisière Verte, aims to showcase the long-distance potential of compact, lightweight EVs. The expedition, set to cover 8,388 miles (13,500 km), will commence this October, marking the centennial anniversary of…
Spanish Prime Minister Pedro Sánchez is set to meet with Chinese President Xi Jinping and other top officials on Monday, marking his second trip to China in just over a year. This visit comes amidst a tense backdrop of trade disputes, particularly over electric vehicles (EVs), reports AP News. Trade Tensions and Electric Vehicles The…
EY’s 2024 Mobility Consumer Index (MCI) survey has revealed a significant drop in consumer interest for electric vehicles (EVs) in the United States. Only 34% of US consumers plan to buy an electrified vehicle as their next car, marking a 14 percentage point decrease from last year. This shift in consumer sentiment is raising eyebrows…
Volkswagen’s recent $5 billion partnership with US electric vehicle start-up Rivian has caused quite a stir among the staff at Cariad, VW’s software division. The deal, aimed at developing software for both companies’ cars, comes after a series of setbacks and budget overruns at Cariad that delayed the rollout of new VW, Audi, and Porsche…
Hyundai Motor Company is gearing up for a massive expansion in Georgia, with plans to produce 300,000 electric vehicles (EVs) annually at its new manufacturing complex near Savannah. The South Korean automaker is betting big on rail transport to move these EVs efficiently and sustainably. According to Hyundai spokeswoman Bianca Johnson, about 70% of the…
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