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UK Could Ease EV Sales Targets
UK Could Ease EV Sales Targets After Backlash From Automakers
Unlike the European Union, where automakers can meet CO2 emissions reduction targets by selling a mixture of hybrids and EVs, Britain is demanding from this year that automakers sell a minimum percentage of fully electric cars or face fines of 15,000 pounds ($19,033) per non-compliant vehicle sold.
UK Backs Down From EV Sales Mandate Carmakers Won’t Meet
The UK government vowed more support for the nation’s car industry and will consult with manufacturers about changing an electric-vehicle sales mandate they won’t meet this year.
UK to review electric car sales targets after industry backlash
Britain said on Wednesday it would rethink the rules that force carmakers to produce more electric vehicles after the industry warned that the current plan would lead to factory closures and job losses,
EV, Tesla and California
EV tax credits could vanish under Trump. Is now the time to buy?
California plans to blunt any GOP efforts to scrap U.S. tax rebates for electric vehicles. But with uncertainty ahead, experts say current savings may not last.
Tesla would likely be excluded from new California EV tax credits, governor's office says
Tesla's electric vehicles likely would not qualify for California's new state tax credits under a proposal in the works if President-elect Donald Trump scraps the federal tax credit for EV purchases,
Tesla would likely be excluded from new California EV tax credits, Newsom's office says
Trump's transition team is considering eliminating the federal tax credit of $7,500 for EV purchases, Reuters reported this month.
BYD, EV
Leaked BYD Letter Signals China EV Price War Is Set to Intensify
BYD Co. has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle maker is preparing for the brutal price war in the world’s biggest auto market to intensify.
China’s EV price war set to intensify next year as BYD squeezes suppliers
The carmaker urged its suppliers to send over their quotes by December 15 and officially mark down prices starting next year, executive vice-president He Zhiqi wrote in an email circulated on social media on Wednesday.
Leaked email signals BYD’s plan to heat up EV price war
According to a leaked letter circulating on social media yesterday, BYD has asked its suppliers to accept price cuts
Rivian's Georgia EV plant gets $6.6B conditional loan
Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory
Biden Grants Rivian $6.6B Loan to Revive Stalled Georgia EV Factory
The loan is a critical step for the EV maker, which had halted work on its plant after struggling to become profitable.
Rivian will likely receive $6.6 billion loan from the government to open its plant in Georgia
American EV maker Rivian just announced that it has received a commitment from the US Department of Energy (DOE) for a loan totaling $6.6 billion. This is thanks to the DOE’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program.
20h
on MSN
Tesla and BYD are gearing up for another round in China's brutal EV battle
Elon Musk's EV maker and BYD are asking suppliers to cut prices and rolling out discounts as they brace for another round in ...
10h
on MSN
FACT FOCUS: Posts misrepresent Biden administration spending on EV charging stations
As President Joe Biden’s term comes to an end, social media users — including sitting members of Congress — are falsely ...
1d
Tesla Model Y And Chevy Equinox EV Top Year-End Deals Favoring Lease Over Price
Year-end deals on electric vehicles are starting to surface as Tesla and traditional car dealers take advantage of the ...
2d
on MSN
California could keep the $7,500 EV credit alive if Trump kills the cost-saving measure, Newsom says
California Gov. Gavin Newsom announced Monday he will provide $7,500 electric vehicle rebates for his state if ...
Reuters on MSN
1d
EV maker VinFast narrows Q3 losses, beats revenue estimates on strong demand
HANOI, Nov 26 (Reuters) - Vietnamese electric vehicle (
EV
) manufacturer VinFast on Tuesday reported a smaller $550 million ...
2d
on MSN
What the Trump-Musk bromance means for the global EV chessboard
It's hard to tell how Musk will impact Trump's EV agenda over the next four years.
16h
Stellantis Keeps Slashing Car Output in Italy Over EV Slump
Stellantis NV is reducing output in Italy starting next week due to weak demand for the electric and luxury cars it’s ...
2d
on MSN
EV charging platform Ampeco raise $26M Series B, as demand for charging soars
We last covered EV charging platform Ampeco in 2023 when it raised a Series A round of $13 million. Today it’s raised $26 ...
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