Introduction The Rise of Electric Buses in Modern Transportation Electric buses have emerged as a game-changer in urban mobility, replacing traditional fuel-powered vehicles with eco-friendly alternatives. These buses operate using advanced battery technology, eliminating harmful emissions and reducing our dependence on fossil fuels. The Need for Sustainable Public Transport With growing concerns about climate change …
Ford Motor Company will pause production of its F-150 Lightning electric pickup trucks for six weeks, from November 18 to January 6. The company plans to close its U.S. plants for a holiday week in December. A Ford spokesperson mentioned that the production adjustments aim to balance sales growth and profitability. In recent months, Ford …
Ford to Suspend F-150 Lightning EV Production for Six Weeks Read More »
The European Union will move forward with high tariffs on Chinese-made electric vehicles, despite opposition from Germany. The tariffs, set to begin next month and last five years, could cost automakers billions. They are intended to counter what the EU sees as unfair subsidies by China. In a recent vote, 10 EU countries supported the …
The EU moves forward with Chinese electric vehicle tariffs after a split vote. Read More »
On Thursday, the United States offered EVgo a conditional loan guarantee of up to $1.05 billion to help expand electric vehicle charging stations nationwide, including in underserved urban areas. If finalized, the loan from the Department of Energy will support EVgo in setting up around 7,500 public high-power charging points at nearly 1,100 stations, with …
US Offers EVgo $1.05 Billion Loan for EV Chargers Read More »
Asian stocks remained subdued on Wednesday following disappointing earnings from U.S. tech giants Tesla and Alphabet, affecting market sentiment. The yen strengthened to a six-week high ahead of the Bank of Japan meeting next week, where a rate hike is a possibility. The U.S. dollar stayed firm as traders awaited an upcoming inflation report on …
Asian stocks fluctuate after disappointing US tech earnings; yen strengthens Read More »
Tesla shareholders are slated to appear in court on Monday to contest a historic request for over $7 billion in legal fees to be borne by the company, describing it as “excessive.” This development marks the latest twist in the legal battle over Elon Musk’s $56 billion compensation package. The request for the record-setting fee …
Tesla, the leading electric vehicle (EV) maker, is anticipated to report a 6% decrease in deliveries for the June quarter, marking its first consecutive quarterly decline. This comes amidst heightened competition in China and sluggish demand due to a lack of new affordable models. Analysts, on average, expect Tesla to deliver 438,019 vehicles from April …
Toyota’s (7203.T) global production decreased for the fourth consecutive month in May compared to the previous year, primarily due to reduced output in several overseas markets. The decline was particularly pronounced in China, where local brands have become increasingly competitive. In May, production dropped by 4% to 812,191 vehicles, with a 22% decrease in China. …
Toyota’s Global Output Declines in May, Notably in China Read More »
The European Commission’s move to impose tariffs on imported Chinese EVs could significantly impact European automakers, potentially sparking a trade conflict that jeopardizes their operations in China and imports of Chinese-made vehicles. German automakers, in particular, are deeply concerned about the repercussions in China. BMW CEO Oliver Zipse criticized the decision, calling it misguided. Starting …
European automakers worry as China’s EV tariff concerns materialize Read More »
Electric Vehicle (EV) news has seen a mixed start in 2024, with reports of a slowdown in the market and OEMs adjusting their plans. This narrative might suggest that the EV hype has peaked and that they won’t play a significant role in the future. But is this the right conclusion? In this piece, IDTechEx …
IDTechEx: Dispelling the Decline in Electric Vehicle Market Read More »
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