TAIPEI, Nov. 25, 2024 /PRNewswire/ — According to the news report from the technology-focused media DIGITIMES Asia, India’s electric vehicle (EV) market is seeing contrasting trends, with passenger EV sales declining while the commercial segment grows rapidly. Recent data shows a 9 percent year-on-year drop in passenger EV sales in September 2024, marking the lowest point…
Interest in electric vehicles is surging worldwide, but recent Google Trends data suggests it may be driven more by technological appeal than concerns about global warming. One environmental expert links this shift to the politicization of climate change. Searches for “electric vehicle” and “EV” have steadily climbed over the past decade, with “China EV” reaching…
Ford announced this week that it’s cutting 4,000 jobs from its European workforce, most of them in Germany and the United Kingdom. The automaker noted that in Europe, it’s lost money in recent years on passenger cars. It pointed to increased competition as well as the industry shift to electric vehicles, which it called “highly…
Ford Motor Company has announced plans to cut 4,000 jobs in Europe and the U.K. by the end of 2027, attributing the decision to sluggish electric vehicle (EV) sales, economic pressures, and Chinese competition in the automotive sector. The automaker said most layoffs would occur across their two German plants. Of the total job cuts,…
Earlier this year, Volkswagen and Rivian announced the establishment of a strategic partnership. At the time, Volkswagen Group CEO Oliver Blume explained that the purpose of the joint venture was “to create a leading technology architecture” for upcoming EVs from both companies. Now, as Autoweek‘s Jay Ramey reports, that collaboration has made its formal debut….
A record 53,423 used battery electric vehicles (BEVs) were purchased in the last quarter – growth of 57% – and representing its largest-ever market share, new figures from the Society of Motor Manufacturers and Traders (SMMT) have revealed. The news means BEVs are now 2.7% of the overall market, which is a an increase from…
GENEVA — China has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it “strongly opposes” the measures and insisted its move was designed to protect the EV industry and…
The lithium market has entered a period of price decline, mainly because of weaker demand conditions and an oversupply of lithium carbonate in key regions. In October, seaborne lithium carbonate prices for Asia dropped by 3.8%, hovering around $10,000 per metric ton, according to S&P Global Commodity Insights analysis. The price dip reflects the seasonal…
What qualifies as a landmark moment in EV sales? For GM, the answer involves a number followed by five zeroes. The automaker just announced that, as of October 2024, it had sold 300,000 EVs in the United States — and a total of 370,000 EVs in North America. It’s one of two figures the automaker…
NEW YORK – All signs point to a new low-cost Tesla in 2025. CEO Elon Musk and Tesla executives made it clear this week that a new, low-cost vehicle — or vehicles — is in the works and coming in the first half of 2025. “So, regarding the vehicle business, we are still on track…