NewsRoom Articles - Page 24 of 127

FridayJul 05, 2024 10:00 am

Ford to Develop Next-Gen EV Platform at Long Beach

Ford has chosen Long Beach, California, as the official location for the construction of a plant where the U.S. automaker will develop its new electric-vehicle platform. According to Ford, a Skunkworks team based at the Long Beach facility will be tasked with building affordable electric cars on Ford's next-generation, electric-vehicle platform. With the U.S. market and other large EV markets reeling from falling EV demand due to high costs, lower-priced EVs will be key to Ford remaining competitive in America's shrinking EV market. During a February call with investors, Ford CEO Jim Farley revealed that the automaker had been developing…

WednesdayJul 03, 2024 10:00 am

PEW Research Confirms Waning EV Interest Among Americans

New research has revealed that electric-vehicle demand among American drivers has waned for the first time in four years. The research confirms what many automakers have been experiencing for the past several months: the nascent EV industry is losing the steam it has gathered over the last decade. According to PEW Research, only 3 out of 10 U.S. motorists are now considering buying a battery electric vehicle (BEV) as their next driver. This represents the first time since 2020 that consumer demand for BEVs in the United States has seen a notable drop. The analysis notes that the 9% drop…

MondayJul 01, 2024 10:00 am

Stellantis Could Halt EV Production in UK Due to Unhelpful Government Plans

Stellantis has revealed that it could halt electric vehicle (EV) production in the United Kingdom if the government doesn't take steps to increase EV demand in the country. According to Stellantis boss Maria Grazia Davino, the way the UK government is handling the transition to electric cars is risking its business in the region. Stellantis owns several popular auto brands including Citroën, Peugeot, Vauxhall, Opel, Maserati, Dodge, Chrysler, Jeep, Fiat and Alfa Romeo. With major markets such as the UK, European Union and the United States pledging to cut road emissions, Stellantis is working to electrify its vehicle lineups and…

FridayJun 28, 2024 10:00 am

China, European Union to Dialogue on EV Tariffs

Top officials from China and the European Union have revealed that the two major EV markets are holding talks on electric vehicle tariffs. Depending on how the discussions go, Chinese automakers may be spared from a series of tariffs that would have made their EVs much more expensive in Europe. Chinese EVs were set to lose their unique affordability in the European Union after EU leaders announced that they were considering levying provisional tariffs on electric vehicle imports from China. This came months after the European Commission began investigating whether the Chinese government was artificially lowering EV prices undercutting European…

WednesdayJun 26, 2024 10:00 am

Think Tank Says China Invested at Least $230B to Establish EV Industry

Research from a Washington-based think tank has revealed that China invested at least $230 billion into its electric-vehicle industry to “flood the market” with more affordable Chinese-made battery electric vehicles (BEV). The analysis is in line with the European Commission's sentiment on the effect of Beijing’s subsidies on the global BEV industry. Furthermore, the Center for Strategic and International Studies (CSIS) notes that this figure is a “highly conservative estimate” of the funds China has pumped into its EV sector. The east Asian nation’s investment in electric cars dwarfs anything any other country has spent on new energy vehicles over…

MondayJun 24, 2024 10:00 am

China Targets EU Farmers in Response to Tariffs on Chinese EVs

As many experts predicted, China has retaliated against the European Union’s recent decision to levy provisional tariffs on Chinese electric vehicles. The Commerce Ministry in China launched an antidumping investigation into pork exports from Europe this week, a move many pundits believe is in response to the EU’s tariffs on electric cars imported from China. Tensions between China and the EU began last year when the European Commission began investigating the influx of cheap Chinese electric cars into the regional bloc. EU leadership claimed that China had artificially powered electric vehicle prices by pumping billions of dollars’ worth of subsidies…

FridayJun 21, 2024 10:00 am

Used Electric Vehicle Prices Continue Slumping

Secondhand electric vehicle prices have maintained their downward trend several weeks after they first fell; they are now costing customers several thousand dollars less compared to similar vehicles with internal combustion engines. For drivers who were interested in switching to battery electric vehicles (BEVs) but were held back by prices, this represents the best time to finally ditch their fossil-fuel powered vehicles and replace them with BEVs. A recent analysis published by iSeeCars has revealed that with the price difference between the BMW 3 Series and a secondhand Tesla Model 3 shrinking rapidly, the premium that has been associated with…

MondayJun 17, 2024 10:00 am

VW to Offer EV Buyers Solar-Panel Option to Cut Charging Costs

Volkswagen has revealed that it is looking to cut electric-vehicle charging costs by offering solar photovoltaic panels to its customers. The German automaker says drivers who take the solar-panel deal will be able to lower their charging costs by up to 40% by using solar energy to supplement their regular charging. Although charging an electric car typically costs less than fueling an internal combustion engine (ICE) over the long-term, installing a home charger can be quite costly and requires dedicated space that a significant portion of drivers don't have. Furthermore, public EV-charging infrastructure is still too insufficient to support mass…

FridayJun 14, 2024 10:00 am

The EU to Announce Tariffs on Chinese EVs Soon

The European Union (EU) is poised to impose tariffs on electric cars manufactured in China to protect European carmakers from cheap Chinese imports. Experts expect EU leaders to inform China that it will levy taxes on battery electric cars imported from the East Asian nation sometime this week, a move that could potentially start a trade war between the regional bloc and China. Many experts believe that once the EU launches the first shot, China will push back with retaliatory measures that affect European exports ranging from cognac to cheese. The EU first took action against Chinese EVs last year…

ThursdayJun 13, 2024 9:00 am

Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Announces First Dealership Deal in Market Projected to See Record Sales

Bloomberg analyst projects 2024 EV sales in the U.S. at nearly 2 million units, making up 13% of new-car purchases Mullen subsidiary inks first commercial dealership agreement with LaFontaine Automotive Group Bollinger Motors expects to start delivering the Bollinger B4 later this year While some headlines in the past few months make it seem like the electric vehicle market is in trouble, a recent “Car and Driver” article forecasts that EV sales are just getting started. Mullen Automotive (NASDAQ: MULN), an emerging EV manufacturer, appears to support that projection, with the recent announcement that its subsidiary, Bollinger Motors, has entered a distribution…

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