EV Update Media | USA & Europe – Electric Vehicles and Battery Industry News & Updates

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Europe Must Democratise the Electric Car for the 80%

William Todts is the executive director of the clean mobility NGO Transport & Environment. Monique Goyens is the director general of BEUC, the European consumer organisation. Less than a month ago, Executive Vice-President Šefčovič and Commissioner Wopke Hoekstra committed to…

Switzerland Pulls the Plug on Tax Breaks for EVs

The Swiss Federal Council announced the news yesterday, stating that it is pulling the plug on the country’s 4% import duty exemption, with the decision going into effect on January 1, 2024. Although the exemption has been in place in…

Volkswagen Aims to Bring Under-$35,000 EV to US in 3-4 years-VW Executive

Volkswagen aims to bring an under-$35,000 electric vehicle to the U.S. market in 3-4 years, a senior VW executive said on Thursday. Speaking at the Reuters Events Automotive USA 2023 conference in Detroit, VW plans to build the under-$35,000 EV…

Scania to Launch Pay-per-use Electric Truck Joint Venture

Scania is to offer pay-per use electric trucks through a joint venture, as the Swedish truckmaker tries to encourage faltering demand for heavy-duty electric vehicles in Europe. Demand for electric trucks in Europe has remained lower than many truckmakers had…

EV Charging Stations Market Size Worth USD 299.58 Billion by 2032

The global Electric Vehicle (EV) charging stations market size reached USD 21.40 Billion in 2022 and is expected to register a revenue CAGR of 30.3% during the forecast period, according to latest analysis by Emergen Research. Increasing purchase of electronic…

New Made-in-America Magnet Could Make Cheaper, Greener EV Motors

Did you know GM invented the domestic, affordable permanent magnet? Before this neodymium-iron-boron magnet came along in 1984, electric motors, generators, audio speakers, hard-disk drives, and the like had to make do with pricey samarium-cobalt magnets. Now 90 percent of…

Hero MotoCorp to Foray into Europe With EV Range Next Year

The world’s leading two-wheeler maker Hero MotoCorp on Tuesday said it will foray into the European market with its electric scooter range next year. The company plans to introduce the VIDA V1 electric scooter range in Spain, France and the…

Global Electric Vehicle Battery Recycling Market Outlook Report 2023-2028

The electric vehicle battery recycling market is expected to reach a value of $20.07 billion by 2028 from $8.2 billion in 2022, growing at a CAGR of 16.08% from 2022-2028The global electric vehicle battery recycling market is characterized by a…

Taxpayers are Subsidizing Rich Electric-vehicle Owners

A new report has exposed electric vehicles as wasteful money pits, living up to the adage: If it seems too good to be true, it is.EV proponents often claim they’re cheaper to own than conventional gas- or diesel-powered vehicles, but…

Mazda Revives Rotary Engine To Extend EV Range, But EU Ban Looms

Mazda, the automaker with the longest and richest history of using the Wankel rotary engine announced on June 22, 2023 that it resumed mass production of rotary engines for a new variant of the MX-30 compact crossover. Mazda provided little…