EV Sales hit Speed Bump as Drivers Unplug from the Electric Dream
Registrations of battery electric vehicles (BEV) continue to fall in the European continent, as sales growth slows in the US and British manufacturing of the wheeled machines declines sharply. The EV revolution is showing early signs of running out of…
Global EV And PHEV Sales Jump 21% In July But Fall In Europe
It’s no secret that the growth of the EV sector cooled through the first few months of the year, but according to market research firm Rho Motion, they have rebounded strongly, and alongside PHEVs, sales jumped by 21% in July…
Share of Electric Cars in Portugal Above EU Average
More than 256.5 million passenger vehicles were on European Union (EU) roads in 2023, but only 4.48 million (1.7%) were 100% electric, according to Eurostat. In Portugal, there was a vehicle fleet of 5.9 million cars that year, of which…
US Automakers Pump the Brakes on EV Plans
Ford Motor outlined plans on Thursday to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-powered versions of its flagship F-Series pickup truck. Ford had already delayed the launch of the planned…
Greenland Technologies and Lonking Join Forces to Develop Heavy Electric Machinery for the U.S. Market Under the HEVI Brand
Greenland Technologies Holding Corporation (Nasdaq: GTEC) (“Greenland” or the “Company”), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, and Lonking Holdings Limited (“Lonking”, Hong Kong Stock Market ticker 3339.hk), one…
Biden Administration Announces a $1.7 Billion Plan to Juice EVs in America
The White House on Thursday said it would hand out $1.7 billion to help convert closed-down or at-risk auto manufacturing and assembly facilities to make electric and hybrid vehicles. The funding comes as growth in new electric vehicle sales has…
Volvo’s U.S. PHEV Sales Outsold EVs By A Ratio Of 9 To 1 In Q2 2024
Volvo Cars USA reported that in June, its car sales in the U.S. decreased by 28% year-over-year to 9,304. The company explained that the results were impacted by “third-party IT-related disturbances that affected retailers across the industry.” Volvo’s plug-in car…
Hertz is Giving Drivers Thousands off Slightly Used EVs
American car rental company Hertz made a big bet on electric vehicles in 2021, buying up 100,000 Tesla Model 3s for $4.2 billion, along with other EVs. That bet has not paid off for the company, but it could still…
EU Threatens Tariff Hike of up to 38% on Chinese Electric Vehicles
The European Union will hike tariffs on Chinese electric vehicles (EVs) on July 4, unless Beijing fail to agree a “solution” to subsidies that the bloc says are distorting its markets. The European Commission said on Wednesday that it would…
European Battery Manufacturer Pauses Development As EV Demand Cools
Troubling news for the electric vehicle market emerged from Europe on Tuesday. The first was the collapse of Porsche Taycan prices, and second, a battery plant owned by Stellantis and Mercedes-Benz halted development. All of this signifies sliding EV demand…
