HONG KONG (AP) — Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort. That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that have long dominated the upper…
By Amir Orusov and Jesus Calero (Reuters) -Global sales of fully electric and plug-in hybrid vehicles rose 23% in October to 1.9 million units, driven by strong demand across major markets, market research firm Rho Motion said on Wednesday. WHY IT’S IMPORTANT Europe led regional electric vehicle growth with strong demand in Germany, France and…
Sales of electric vehicles in the United States are almost certain to tumble when the $7,500 federal tax credit for EV buyers expires on Oct. 1, leaving automakers and car buyers wondering where prices will go.The tax credit, which was passed in 2022 as part of the Biden administration’s legislative push to support EVs and…
The United States remains the most important export market for Japan’s core industry, the automobile sector. In a welcome development, the recently concluded Japan–US tariff negotiations saw tariffs on cars and auto parts reduced from 27.5%, a rate imposed by Donald Trump’s administration earlier this spring, down to 15%. This comes as a relief for…
By Alessandro Parodi (Reuters) -Global sales of electric and plug-in hybrid vehicles jumped 24% in June from a year ago, as a switch to electric vehicles maintained momentum in China and Europe, market research firm Rho Motion said on Tuesday. Still, EV sales in the United States were down 1% in the month and will…
⚡️ Read the full article on Motorious Dodge recalls 2024–2025 Charger Daytona EVs over missing pedestrian warning sound software, violating federal safety standards. In a twist of irony, the National Highway Traffic Safety Administration (NHTSA) has flagged certain Charger Daytona models for noncompliance with Federal Motor Vehicle Safety Standard No. 141, which mandates minimum sound…