Mercedes-Benz CFO Says EV Market is ‘brutal’ And Unsustainable After Carmaker Reported Earnings
Electric vehicles are losing their luster as major automakers grapple with waning customer demand and the realization that mass adoption of EVs won’t happen without some hiccups. Mercedes-Benz is the latest to feel the pinch of high interest rates on…
Volkswagen Group’s Electric Car Order Bank Shrunk By 50% In Europe
The Volkswagen Group experiences lower-than-expected demand and sales of electric cars, but intends to maintain its pricing to prioritize margins and profitability.In the nine-month financial report, the company revealed that its order bank in Western Europe includes 1.4 million vehicles,…
Rizon Electric Trucks Receive EPA and CARB Certification
Rizon, the newest brand of Daimler Truck commercial vehicles, has achieved full homologation in the United States, clearing the way for the sale of its Class 4 and 5 medium-duty electric trucks nationwide, the company said in a press release….
Vietnam’s Vinfast Committed to Selling EVs to US Despite Challenges, Intense Competition
Vietnamese automaker Vinfast plunged right into the crowded and hypercompetitive U.S. auto market, gambling that if it can sell its electric vehicles to finicky Americans, it can succeed anywhere. So far, that gamble has yet to pay off. Its CEO…
Ohio EPA Awards $3.2M in Grants for EV, Equipment Upgrades
Ohio EPA is awarding more than $3.2 million to seven organizations to replace aging diesel-powered vehicles and equipment with new electric vehicles and equipment. Ohio EPA estimates that these upgrades will greatly reduce annual emissions across Ohio, including those pollutants…
Bp Boosts EV Charging Network With $100 Million Order of Tesla Ultra-fast Chargers
Today bp (NYSE: bp) announced a deal in which bp pulse, bp’s EV charging business, will acquire ultra-fast charging hardware units from Tesla (NASDAQ: TSLA) for $100 million. The investment will facilitate the expansion of the bp pulse public network…
Japan Aims For Joint EV, Chip Subsidy Rules With U.S. And Europe
Japan plans to set shared standards with the U.S. and Europe on subsidies for electric vehicles, semiconductors, and other critical fields, Japanese industry minister Yasutoshi Nishimura told the Nikkei, as reported by the newspaper on Tuesday. Discussions, aimed at promoting…
New Solid-State EV Battery Factory Opens In Massachusetts
The Solid-State EV Battery Of The FutureAs the name suggests, a solid-state EV battery deploys a solid material instead of the familiar liquid electrolyte used in conventional lithium-ion EV batteries. Liquid electrolytes have done heroic work in the battle to…
Toyota to Show off Small Electric Truck
Pickup trucks are finally getting small again. Toyota will likely join the trend soon. The brand will use the Japan Mobility Show (formerly the Tokyo Auto Show) to show off a compact electric truck. It’s officially a concept. But it…
Fraport’s Frankfurt Airport Implements Bidirectional Charging for Electric Vehicles
Airport operator Fraport is gradually converting its fleet of vehicles to electric drives. Parallel to this, the charging infrastructure at Germany’s largest air traffic hub is also expanding and evolving.It now still works conventionally, with current flowing from a charging…
