Volkswagen Electric Car Sales Plunge as Europe Returns to Petrol
Sales of Volkswagen electric cars have plunged by almost a quarter in Europe as demand for battery-powered vehicles stalls and buyers return to petrol. Electric vehicle (EV) sales fell by 24pc in the first three months of the year as…
Declining Sales, Production Setbacks Add Miles to Bumpy EV Journey
Barely a week following the launch of Xiaomi’s highly anticipated electric car, which catapulted the electric vehicle (EV) market into the limelight, other original equipment manufacturers (OEMs) are once again dominating headlines, indicating an ongoing shift in the market landscape….
Janet Yellen Voices Concern About EV Overproduction to China’s Vice Premier
U.S. Treasury Secretary Janet Yellen told China’s Vice Premier He Lifeng on Friday that the two countries should closely communicate on industrial overcapacity and economic actions related to national security as among issues of concern. Yellen’s remark at the opening…
Ford to Delay Production of New Electric Pickup and Large SUV as US EV Sales Growth Slows
With U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup. The Dearborn, Michigan, company…
Tesla’s Sales Drop 9% for First Decline in Four Years as International EV Competition Revs up
Tesla posted its first year-over-year drop in quarterly car deliveries since 2020, stoking concerns about the company’s global market share as international competition has revved up. Elon Musk’s electric car maker on Tuesday said it delivered 386,810 vehicles globally in…
China Vows to Pull Out All the Stops for EV Supply Chain Buildup
The Chinese government plans to tap all the policy resources available to create a made-in-China electric vehicle supply chain, pressing three state-owned automakers to spend more on R&D. Business executives and senior government officials involved in EV policy announced plans…
A Quarter Of EVs Sold In Europe This Year Will Be Made In China, NGO Predicts
In Europe, electric vehicles made in China are common, even though it might not seem like it at first. Last year, out of the roughly 300,000 EVs sold in the European Union, 19.5% were made in China, and that number…
White House Softens EV Mileage Rule in a Win for Futomakers
The Biden administration on Tuesday handed Detroit automakers a major win by easing proposed rules that would have forced them to scale back production of gas-guzzling vehicles or face billions of dollars in fines. The Department of Energy decision, first…
EV Euphoria is Dead. Automakers are Scaling Back or Delaying Their EV Plans
The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted…
U.S. Electric Vehicle Investments Have Grown to $188 Billion, Almost 200,000 Jobs
A year and a half after the passage of the Inflation Reduction Act (IRA) accelerated the U.S. markets for electric vehicle and battery manufacturing, a new report by Environmental Defense Fund and WSP USA finds continued strong growth. The report,…
