China Says EU’s ‘unfair’ EV Subsidies Probe Risks Damaging Ties
China’s ambassador to the EU, Fu Cong, criticized the EU’s probe into Chinese electric vehicle manufacturers, calling it unfair. Cong emphasized China’s cooperation with the investigation to avoid trade measures. He pointed out that the EU also subsidizes its own…
Europe Over-reliant on Chinese EV batteries, Warns South Korea’s SK On
Europe is in danger of becoming overdependent on Chinese electric-car batteries, said a leading South Korean industry executive, as the continent struggles to agree on a coherent strategy to boost domestic production. With European carmakers set to increase imports of cheap…
European Car Sales Jump as Electric Vehicles Take the Lead
New car sales in Europe rebounded with a bang in 2023, rising by 13.9 percent as electric vehicles overtook diesel for the first time, an industry group has said. Sales of new electric cars shot up by 37 percent year-on-year…
Tesla Gets a $94 Billion Reality Check as EV Winter Sets in
Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk’s electric vehicle maker off to its worst start to any year — ever. The…
Biden Launches $623 Million Grant Program for Electric Vehicle Charging
The Biden administration and U.S. Department of Transportation announced a new investment in the country’s push for greater electric vehicle adoption and usage, pledging $623 million in EV charging station grants intended to build out community charging networks around the…
Turkiye’s EV maker Togg Unveils its Sedan Model Before Europe Debut
Turkiye’s first homegrown electric vehicle maker announced the expansion of its lineup on Tuesday and unveiled its second model at the sprawling tech and gadget show in Las Vegas as it looks to start its expansion into Europe. The fastback…
VinFast Shows off a Midsize Truck and Small Utility EV for North America
Vietnam’s VinFast must really want a slice of the EV market in the US based on the vehicles it brought to CES in Las Vegas this year: a midsize pickup truck that looks to be about the same size as…
Hyundai & Kia Take Second Place After Tesla in US EV Sales
South Korean automakers Hyundai and Kia placed second together in US electric vehicles (EV) sales after Tesla, beating Detroit-based legacy automakers Ford and General Motors. Hyundai and Kia, along with the Genesis brand, are owned by Hyundai Motor Group, which…
Italy Mulls a $1 Billion Incentive Plan to Boost Electric Vehicle Sales
Italy is mulling a plan worth $ 1 bilion to boost electric vehicle sales in the country. The European country is reportedly planning to launch an incentive program, under which it aims to replacethe country’s ageing internal combustion engine-propelled vehicle…
EV startup Fisker Struggling to Meet Internal Sales Goals, Documents Show
Fisker remains far from meeting CEO and founder Henrik Fisker’s publicly stated goal of delivering 300 electric SUVs per day globally. The EV startup spent much of December aiming to meet an internal sales goal of between 100 and 200…
