Ford Motor Company CEO Jim Farley expressed growing optimism about the automaker’s ability to produce electric vehicles (EVs) profitably in the U.S., thanks to supportive government policies, reports Axios. This development is crucial as Ford, the second-largest EV brand in…
Germany finds itself in a precarious position as tensions escalate between the European Union and China over proposed tariffs on electric vehicles. The country’s deep economic ties with both sides have put it at the center of a brewing trade…
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…
The Tesla Model 3 Long Range has become fully eligible for the $7,500 federal tax credit for electric vehicles (EVs) in the United States. This credit applies to EVs with batteries originating from the U.S. and is taken off at…
Tesla, the trailblazing electric vehicle manufacturer, is reportedly gearing up to open a new dealership and service center in Wesley Chapel, Florida. The proposed 50,353-square-foot facility would join the ranks of other luxury car brands like Lexus, Audi, and BMW…
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…
Tesla has filed a bombshell lawsuit against its former supplier Matthews International, accusing the company of stealing trade secrets related to electric vehicle battery technology and sharing them with Tesla’s competitors. The suit, filed Friday in California federal court, claims…
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…
In a disturbing trend sweeping the nation, thieves are targeting electric vehicle (EV) charging stations, stealing valuable copper cables and leaving EV owners stranded without a charge. As the price of copper soars to record highs on global markets, criminals…
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…
Tesla is giving some lucky shareholders an inside look at its Gigafactory Texas. The company recently announced it would offer this unique tour to randomly selected shareholders who participated in a recent vote. Exclusive Invite to Giga Texas Just weeks…
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…
Tesla’s CEO Elon Musk has clarified that the company will not launch a refreshed Model Y this year, despite continuous improvements to the vehicle’s design and performance, reports Reuters. Musk’s Announcement On Saturday, Elon Musk took to social media platform…
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…
General Motors (GM) has announced ambitious plans for its next-generation Chevy Bolt, positioning it to become the most affordable electric vehicle (EV) in the US market. This move marks GM’s ongoing commitment to the EV revolution, despite some setbacks and…
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…
DJI Automotive Brings Drone Expertise to Cars DJI, the world’s leading drone manufacturer, is making significant strides in the automotive industry through its subsidiary, DJI Automotive. By leveraging its expertise in drone technology, DJI Automotive is reportedly offering affordable autonomous…
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,…
EV Maker Set to Rival Tesla’s Production Capacity In a significant development for the electric vehicle (EV) industry, Chinese EV maker Nio has secured approval to construct a third factory in China. This new facility, known as F3, will boost…
Electric vehicles (EVs) are not just a greener alternative to gas-guzzlers; they could also be the key to stabilizing the electrical grid. Automakers like Ford, GM, BMW, and Renault are exploring ways to use EV batteries for energy storage, potentially…
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…
High Prices and Lack of Charging Stations Remain Major Obstacles A new poll by The Associated Press-NORC Center for Public Affairs Research and the Energy Policy Institute at the University of Chicago reveals that many Americans are still reluctant to…
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…
Increased Competition, Lower Costs, and Tax Credits Drive Down Prices Electric vehicles (EVs) are becoming more accessible to a wider range of consumers as prices fall due to increased competition, lower raw material costs, and more efficient manufacturing. Federal tax…
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…
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…
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