Tesla second-hand car price bubble burst, weighing on demand for new vehicles
For much of the last two years, Tesla customers who patiently waited for their new vehicle have had an odd option: keep the new electric car or sell it at a gain to someone who has less patience.However, the times of the Tesla flip are coming to an end, which could endanger the already declining…
worldbusinessstar
Musk seeks to market away 20 mil EVs which may pull billions from Tesla
Elon Musk, the CEO of Tesla Inc. (TSLA.O), has put his young firm on an aggressive expansion route that no other automobile executive has ever imagined.However, this path is full of potholes and other obstacles that could delay or derail the voyage.The company’s growth promises for shareholders and its commitment to promoting the use of…
S.Korea anxious over EV credits; U.S. visit to increase battery supply
This week, South Korean officials will meet with their American counterparts to discuss their “concerns” with the Inflation Reduction Act, which places limitations on who can receive subsidies from the United States for the manufacture of electric vehicles and where businesses can source battery materials.A $430 billion bill, regarded as the largest climate package in…
U.S. asks Tesla for information regarding in-car cam in Autopilot investigation
Tesla, among other things, is advancing the global shift to sustainable energy through electric vehicles, solar energy, and integrated renewable power solutions for households. As a result, given how innovative the industry is, they would have access to a wide range of development choices, which also come with some level of responsibility. As part of an…
BMW to bag quasi-Tesla cylindrical batteries from China’s EVE in Europe
According to two people with knowledge of the situation, BMW (BMWG.DE) will purchase huge cylindrical batteries from China’s EVE Energy Co Ltd (300014.SZ) for its electric vehicles in Europe, following Tesla Inc (TSLA.O) in doing so. The development of this revolutionary cylindrical battery cell has the promise to revolutionise the market for electric vehicles. As…
WTO regulations may be breached by U.S. plans; SK and EU claim
The planned U.S. tax incentives for the purchase of electric vehicles have drawn criticism from the European Union as well as South Korea, which claims they may prejudice against vehicles built abroad and violate WTO regulations. Congress would lift the threshold on the current $7,500 tax credit for buyers of electric vehicles under the $430…
China in talks with automakers on EV subsidy extension
China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022. This is by aiming to keep a key market growing as the broader economy slows. The move by policymakers comes as the world’s second-biggest economy has slowed sharply and auto sales along with it…
Softbank – backed OLA electric to recall 1444 e-scooters
Softbank-backed Ola Electric said that it will recall 1,441 of its electric scooters, weeks after one of its vehicles caught fire, prompting a government probe into the incident. Scooters involving Indian start-ups Okinawa and PureEV have also been involved in fires, in what some say could be an early setback for a nascent sector that is…
Bentley to roll out one electric car annually for five years from 2025
Luxury carmaker Bentley unveiled plans to build a new electric model annually for five years from 2025. This announcement is after its annual profit skyrocketed, as the British firm builds on parent Volkswagen’s push to broaden electric offerings. Crewe, England-based Bentley posted a profit of 389 million euros for 2021, compared with a profit of 20…
Nissan unveils $18 BLN electrification push
Nissan Motor Co had announced that it will spend 2 trillion yen over five years. This is for accelerating the vehicle electrification to catch up with competitors. This is the first time Japan’s No.3 automaker, one of the world’s first mass-market electric vehicle (EV) makers with its Leaf model more than a decade ago, is…
- 1
- 2