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…
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…
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…
Volkswagen is making big moves to get its Wolfsburg plant ready for electric vehicle (EV) production. The company has appointed Uwe Schwartz, who successfully converted the Emden plant to EV-only production, as the new manager of the Wolfsburg facility. This…
California’s greenhouse gas emissions dropped by about 2.4% in 2022, a promising sign that the state’s carbon footprint is decreasing even as the economy rebounds from the COVID-19 pandemic. This news, announced by the California Air Resources Board, highlights the…
Vietnamese electric-vehicle maker VinFast reported a deeper second-quarter loss on Friday, driven by rising costs linked to its ambitious Asia expansion, although its revenue remained on a rising trend, according to its exchange filing. The company, which started delivering cars…
New Jersey’s Charge Up program has just gotten a major boost with the introduction of the Charge Up+ initiative, aimed at making electric vehicles (EVs) more accessible to lower-income residents. The state is doubling down on its commitment to promote…
Volkswagen, a major player in the electric vehicle (EV) market, is facing scrutiny over its operations in China’s Xinjiang region. An audit of the company’s jointly owned site there has failed to meet key aspects of international standards, according to…
Mercedes-Benz is pulling out of China’s electric vehicle market, selling its remaining stake in premium EV maker Denza. This move comes as luxury spending in the world’s largest auto market takes a hit, according to a recent report from The…
BYD, China’s leading electric vehicle (EV) maker, is making a bold move into Europe, with its first assembly plant set to open in Hungary. This strategic decision comes as the European Union considers raising tariffs on EVs imported from China,…
Electric vehicle (EV) batteries are on track for a major sustainability upgrade, potentially revolutionizing the industry’s environmental impact and supply chain. According to a recent report from The Economist, most EV batteries could soon be made by recycling old ones,…
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…
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…
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…
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…
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…
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…
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…
In a big win for electric vehicle (EV) owners, General Motors (GM) and Tesla have teamed up to open over 17,800 Superchargers in the U.S. and Canada to owners of Chevy, GMC, and Cadillac EVs. This move gives GM EV…
Morgan Stanley’s Adam Jonas has released a new note on Tesla, suggesting an unexpected twist in the EV industry’s emission reduction efforts. Ford’s ZEV credit purchases could potentially finance Tesla’s AI datacenter expansion, raising questions about the irony of carbon…
A powerful coalition, including tech giant Microsoft, beverage giant PepsiCo, and logistics heavyweights Maersk, DB Schenker, and AIT Worldwide, is leading the charge to electrify the Interstate 10 trucking corridor. Their focus? Developing charging infrastructure for longhaul battery-electric trucks between…
Dodge has officially opened orders for the 2024 Charger Daytona R/T and Scat Pack, marking the brand’s first venture into fully electric vehicles. Expected to hit the market in the fourth quarter of this year, these two-door muscle cars are…
Rows of unsold electric vehicles (EVs) are gathering dust at the Belgian port of Zeebrugge, a stark contrast to the bustling activity seen in previous years. Despite the port’s massive transformation to accommodate the green evolution, the demand for EVs…
Electric vehicles (EVs) are set to take a bigger slice of the European Union’s car market by 2025, according to a recent report by Transport & Environment (T&E). The group predicts that battery-electric cars (BEVs) will reach a market share…
In a groundbreaking milestone, electric cars have surpassed gasoline-powered vehicles in Norway. According to the Norwegian Road Federation (OFV), there are now more all-electric cars registered in the country than those running on petrol, reports The Guardian. This historic shift…
Investors in Asia’s electric vehicle (EV) battery sector are keeping a close eye on the US presidential race, with even unexpected factors like Taylor Swift’s potential endorsements making waves. This heightened interest comes from the significant impact the election outcome…
While wealthy cities like Shanghai and Shenzhen have led electric car adoption, uptake in other areas shows how hard gasoline cars can be to ditch, reports Bloomberg. According to Bloomberg’s report, China’s electric vehicle (EV) revolution is hitting a snag…
Lotus, the British company famous for its lightweight sports cars, has revealed a striking new supercar concept called Theory 1. This isn’t just an electric rebirth of the Lotus Esprit; it’s a showcase of future technologies and a hint at…
Tesla’s Cybertruck is turning heads, not just for its design but for its sales numbers. In July, the Cybertruck’s deliveries matched the combined sales of every other electric pickup truck on the market, reports Automotive News. Cybertruck Takes the Lead…
The BMW i4 is making waves in the electric vehicle market, proving to be a formidable competitor to the Tesla Model 3. This stylish four-door EV is not just a pretty face – it’s got the performance and range to…
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