Former Tesla exec claims EV industry will grow, not shrink, after death of $7,500 tax credit: 'The market's established'

Former Tesla exec claims EV industry will grow, not shrink, after death of $7,500 tax credit: ‘The market’s established’

The U.S. electric vehicle market is established and ready to grow without federal subsidies, according to Jon McNeill, a former Tesla president of global sales and service and current GM board member. Speaking to CNBC on Thursday, McNeill expressed confidence that despite the recent expiration of a key EV tax credit, the industry will continue…

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"Get out there now."

‘The market has made it clear’

With federal tax credits for new and used electric vehicles having expired Sept. 30, officials in Colorado have stepped in to fill the gap by increasing state rebates for EVs, according to Denver7, a local ABC affiliate.  “The market has made it clear, EVs are here to stay,” said Jared Polis, the Colorado governor, according…

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Zeekr launches 9X flagship luxury SUV in China

Zeekr launches 9X flagship luxury SUV in China

Zeekr, the premium electric mobility brand under Geely Holding Group, has officially launched its new flagship luxury SUV, the Zeekr 9X, in China. The model combines high performance with advanced safety and comfort features, marking a major step forward for the brand as it expands its portfolio of premium electric vehicles. High performance with advanced…

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"They give you value, they give you features, they give you technology."

‘They can really rock the market’

With a rapidly expanding electric vehicle market, India has become a fiercely competitive proving ground for both Tesla and BYD.    First reported by Business Insider, India is a vital market that determines the future earning potential for the leading EV manufacturers. As one of the world’s largest automotive markets, India has seen a surge in…

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"It’s only very early days."

‘That industry really didn’t exist 18 months ago’

While purchasing out-of-commission vehicles has long been the purview of salvage yards and auto-restoration enthusiasts, a new market has been emerging when it comes to out-of-use electric vehicles: buyers of secondhand EV batteries.  As the transition to renewable sources of energy has continued, the demand for used lithium-ion batteries has surged, according to a report…

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Opinion | Consumers will decide the course of the US-China tech rivalry

Opinion | Consumers will decide the course of the US-China tech rivalry

Regardless of how trade talks go, the US-China tech rivalry isn’t going away. From each side’s perspective, maintaining a lead in futuristic technologies matters significantly for economic growth and national power. Now, we’re entering round two. The first round was mostly defined by US export controls aimed at slowing China’s development of advanced technologies. These…

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China tightens rules for electric vehicle exports

China tightens rules for electric vehicle exports

TAIPEI, Taiwan — China will tighten the rules for exporting electric vehicles by requiring automakers to obtain export permits from next year, the Commerce Ministry said Friday. The export licenses, required from Jan. 1, are intended to “promote the healthy development of the new energy vehicle trade,” the ministry said in a statement. The controls…

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