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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 already tense China-EU relationship, reports SCMP. During a meeting with the EU’s department of trade…
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 purchase electric vehicles (EVs), despite President Joe Biden’s efforts to dramatically increase EV sales. 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 collaboration with UK startup Circulor, utilizing blockchain technology to map supply chains, reports Reuters. Pioneering…
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 Biden’s quadrupling of tariffs on Chinese EV imports and the EU’s probe into Chinese EV…
Nissan is revising its electric vehicle (EV) strategy, delaying two planned EV sedans and prioritizing crossover production at its Canton, Mississippi plant. The automaker reportedly aims to adapt to changing market conditions and ensure the right products are launched at the optimal time. Delayed Sedans, Accelerated Crossovers Nissan has instructed suppliers to halt development activities…
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 the luxury EV segment. Unrivaled Performance Under the hood, the Lucid Air Sapphire boasts a…
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 platforms, reports the Financial Times. Key Resolutions and Challenges The electric vehicle maker is seeking…
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, Scholz expressed his confidence in Germany’s automotive industry, stating that the country aims to remain…
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