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Electric vehicles
As Brexit tariffs kick in, electric car prices will increase by £3,400.
Brexit regulations that will come into effect next year will increase the price of electric vehicles (EVs) by £3,400 .
The Society of Motor Manufacturers and Traders has warned that the cost of battery-powered EVs will increase as a…
Musk reduces Tesla Model 3 price in UK by £3,000
Tesla has reduced the price of the entry-level Model 3 in Britain, in an effort to increase demand for electric vehicles in light of growing competition and slow sales.
The new model of the Model 3 was launched by the carmaker on Tuesday…
Germany is leading the push to delay tariffs on electric vehicles between EU and UK
Germany leads a European push for accepting a British request to defer tariffs between the UK an EU on the sale of electric vehicles, after industry warned that the duties could cost billions and lead to a reduction in the workforce.
On…
Nissan boss: world needs to move away from combustion engines
The boss of Nissan has warned that the world "needs to move on" from the internal combustion engine days after UK prime minister Rishi Sunak delayed a ban on the sale of new petrol and diesel cars.
Sunak's decision last week to push back…
Carmakers in UK must meet EV sales targets despite delays to petrol vehicle ban
According to those briefed about the new government regulations, even though ministers are pushing back on a petrol car ban, the UK auto industry will have to meet mandatory targets for electric vehicle sales starting in January.
After…
UK automakers demand tax incentives to encourage the switch to electric vehicles
The UK auto industry has requested tax incentives for motorists to switch to electric cars to offset the weakening demand among private buyers for battery models.
Our EV market has emerged from its early adopter phase. "To move from the…
Volkswagen reduces jobs as demand for EVs plummets
Volkswagen is cutting nearly 300 jobs at a German factory as the demand for electric vehicles declines.
Redundancies are taking place at the Zwickau plant of the auto giant, where another 2,000 temporary workers may also lose their…
China criticises EU’s alleged ‘naked protectionism’ against electric cars
Beijing has attacked the EU's anti-subsidies investigation into China's electric car industry as a "naked protectionist act" and warned that it will have a negative impact on relations in its first official comments on the probe.
China's…
Oxford Mini plant to benefit from £600mn UK investment in electric cars
BMW will invest over £600mn in Oxford to produce electric Minis, preserving the historic plant. This is a vote for confidence in the UK auto industry.
According to sources familiar with the situation, the German automaker's investment at…
China’s billionaire cathode battery manufacturer targets US market through South Korea IPO
A Chinese billionaire, who controls an important part of the battery supply chains, is in discussions to list a portion of his empire in South Korea. This could help his company sell and invest in the US in spite of Joe Biden’s policies to…
Cruise to reduce fleet of San Francisco Robotaxis by half following crashes
General Motors Cruise Autonomous Vehicle Unit has agreed to reduce its fleet of San Francisco Robotaxis by half, as authorities investigate recent accidents in the city.
The state department for motor vehicles (DMV), after Thursday's…
Welsh sports car factory built with taxpayers’ money still vacant 12 months after renovation
After a year of refurbishment, a £12m taxpayer funded sports car factory in Wales has yet to produce any cars.
The local economy was expected to benefit from the move of the British sports car manufacturer TVR to the new site in Wales.…
Elon Musk of Essex moves Royal Mail electric truck maker to US
After running into financial problems, Royal Mail's supplier of electric lorries will relocate its headquarters in the US as part of a merger with an American-listed company.
Tevva Motors is a start-up in Essex that makes electric…
Zach Kirkhorn, Tesla’s CFO and veteran company employee, has quit.
Zach Kirkhorn, Elon Musk’s closest lieutenant at Tesla, resigned unexpectedly from his position as Chief Financial Officer as the electric car maker struggles to cut costs and defend its profit margins after a series of price reductions.…
Bruno Le Maire: European auto industry can survive cheap Chinese EVs
According to Finance Minister Bruno Le Maire, France's new auto subsidies "pave the way" for Europe to be able to resist the threat of a flood of cheaper Chinese electric vehicles imported into Europe.
According to a set of measures …
Vauxhall owner warns against ‘invasion of Chinese’ in electric car market
Vauxhall's owner Stellantis warned that a "invasion of cheap Chinese vehicles" was coming as it pressed its suppliers to reduce costs in order to compete.
As it works to reduce the price of electric vehicles, the firm will use its…
Britain’s EV push will cost billions, but the prize could be worth much more
This could be £500m. It could be £1bn. It could even be £2bn. It's not clear how much the government agreed to pay the Indian conglomerate Tata last week for a battery plant in Somerset, instead of Lyon or Stuttgart.
One thing is…
Tesla profits slip as price reductions weigh on earnings
Tesla's profits margins fell in the last quarter due to a series price cuts that have weighed on earnings this year, according figures released on Wednesday.
The US electric car maker has reiterated that it will sell 1.8 million vehicles…