Browsing Category
Electric vehicles
Volvo Abandons All Electric Car Goal as EV Market Slows
Volvo, the Swedish automaker known for its environmental commitments, has reversed its plan to sell only fully electric cars by 2030. This decision comes amidst growing signs of a global slowdown in the electric vehicle (EV) market. The…
Electric Car Mandate Squeezes Ford and Vauxhall Market Share to Historic Lows
The UK's zero-emission vehicle (ZEV) mandate is significantly disrupting the automotive industry, particularly affecting traditional brands like Ford and Vauxhall. These companies are witnessing a sharp decline in market share as they…
Chinese Electric Vehicle Sales Falter in Europe as EU Tariffs Take Effect
The European electric vehicle (EV) market is undergoing a notable transformation as Chinese manufacturers respond to newly imposed European Union tariffs. According to data from automotive analyst Dataforce, the market share of Chinese EVs…
Hyundai Doubles Hybrid Range as Demand for Pure Electric Cars Declines
As consumer demand for pure electric vehicles (EVs) experiences a slowdown, the South Korean carmaker Hyundai has announced plans to double its range of hybrid car models. The company, which ranks as the world's third-largest carmaker, is…
Chinese EV Maker Xpeng Unveils Low-Cost Electric Car with Self-Driving Capabilities
Chinese electric vehicle manufacturer Xpeng has launched a new, affordably priced electric car that incorporates technology acquired from ride-hailing giant Didi's failed attempt to enter the highly competitive automotive market in China.…
Polestar CEO Thomas Ingenlath Resigns Amidst Plummeting Sales and Share Prices
In a surprising turn of events, Thomas Ingenlath, the chief executive and founder of Polestar, has stepped down after seven years in leadership. Polestar, a Swedish electric vehicle manufacturer controlled by Volvo and China's Geely,…
Ford Cancels Electric SUV Plans Potential 19 Billion Dollar Write Off
In a surprising turn of events, Ford Motor Company has abandoned its plans to manufacture a three-row electric sports utility vehicle (SUV). This decision could potentially cost the American carmaker up to $1.9 billion, as car buyers show…
Ford Scraps Plans for Electric SUV Potentially Costing 19 Billion Dollars
In a surprising turn of events, Ford Motor Company has decided to abandon its plans to manufacture a three-row electric sports utility vehicle (SUV) and will instead produce a hybrid model. This change is a response to the lukewarm…
Tesla profits fall by nearly half as electric car sales slump
Tesla's second quarter profit dropped 45 percent compared to a year earlier as global electric car sales continued their decline despite price reductions and low-interest finance.
The Texas-based firm said Tuesday that its net income…
Airbus tests electric engines for the future of aviation
After other net-zero projects failed, the aviation giant is now focusing on hybrid power.
Airbus will use small electric motors in its first hybrid aircraft to reduce carbon emissions using technology developed for automobiles.
The…
Jim Ratcliffe’s Ineos cancels launch of Fusilier Electric SUV
Ineos, owned by Sir Jim Ratcliffe, has delayed the release of its Fusilier electric vehicle. The company blames a lackluster consumer demand as well as uncertainty over government policies.
Ratcliffe announced its plans to manufacture…
Tesla exceeds expectations, while Chinese rivals snap at its heels
Tesla's deliveries surpassed Wall Street expectations Tuesday, as its price cuts and incentives stimulated demand.
Elon Musk's carmaker delivered 443,956 cars in the three-month period ending June. This is a 4.8% drop year-on-year, but…
UK haulage industry urges investment in electric truck infrastructure
The road haulage sector is calling for the new government's urgent attention to investment in infrastructure for electrical trucks. They point out that there is only one public charging station for HGVs across the UK.
According to…
Stellantis threatens UK production due to EV targets
Vauxhall's owner Stellantis warned that it may stop production in Britain unless the British Government does more to encourage demand for electric cars or changes its current electrification policies.
Maria Grazia Davino is the top…
The debt crisis facing the former M&S boss’s car leasing company
The motor leasing company headed by Lord Stuart Rose, a retail veteran, is in debt due to the slumping prices of second-hand electric vehicles.
Moody's has placed Zenith Automotive - owned by the private equity company Bridgepoint - on…
Ferrari’s first all-electric car will cost over €500,000
Ferrari is about to launch its electric car, which will cost more than €500,000.
The new model will be launched next year by the luxury Italian brand best known for its petrol sports cars that have roaring engines.
According to…
BYD, China’s electric car powerhouse, charges into Europe
The men of Germany kicked off Euro 2020 in Munich on Friday. Munich has a rich football history, but also holds a special place in Germany’s self-image because it is home to BMW – one of Germany’s leading car exporters.
But it won't be…
Toyota bets big on small engines for the new hybrid age
The chair of Toyota told his executives, suppliers, and engineers that they needed to produce better internal combustion engine.
Akio Toyoda, racing under the name Morizo, said in January that "we will keep the flame of the engine…