SHANGHAI/BEIJING (Reuters) -China has sent a clear signal that it is willing to pull the plug on subsidies for its electric vehicle industry after years of big-ticket government support fuelled a boom that has left the world’s second-largest economy saddled with vast oversupply, prompting it to push into global car markets. Top policymakers omitted electric…
Those looking to re-sell their EV could be getting less than they expect with the current trend. (Source: Getty/TikTok/Paul Maric) Damning new figures have revealed how much value can be wiped off an electric vehicle (EV) once it hits the second-hand market, even after just 12 months. The EV industry is consistently producing cars that…
Tesla (TSLA) reported blowout third quarter global deliveries, as the expiration of the $7,500 federal tax credit in the US likely juiced sales. Tesla said Q3 deliveries came in at 497,099, easily topping Bloomberg consensus estimates of around 439,800 and the 462,890 units delivered a year ago. Tesla said Q3’s total was a new quarterly…
00:00 Speaker A Well, August saw the highest sales of electric vehicles this year, up 19.4% from July and since January EV sales are up 61%, but some industry analysts fear those high voltage sales could be short circuited after tax credits for EV buyers expire on September 30th. Join me now is Kevin Roberts,…
Lucid’s CEO Issues Stern Warning originally appeared on Autoblog. Lawmakers are not being easy on small EV makers For years, electric vehicle startup companies like Tesla faced a tough uphill road on their journey toward making a mark on the U.S. auto market. However, they may face an even steeper climb thanks to new developments…
He Xiaopeng, co-founder and CEO of the Guangzhou-based carmaker, said in Hong Kong on Thursday that testing of its Xpeng Navigation Guided Pilot (X NGP) driver-assistance system in the city would take only two months before sales could begin. However, he added that testing could start only after regulators gave Xpeng the green light to…