NewsRoom Articles - Page 3 of 134

FridayMay 08, 2026 10:00 am

EVs Take 98% Share of New Car Registrations in Norway in April

Norway recorded a 98.6% EV share of new passenger car registrations in April, breaking the prior record of 98.4% set just one month earlier. Of April's 11,103 registrations, 10,952 were fully electric, while just 87 were diesel and 31 petrol, according to the OFV, Norway's Road Federation. In the eastern county of Østfold, just south of Oslo, the EV share reached 99.3%. Finnmark, which posted the country's lowest regional figure, still reached 95.1%. OFV director Geir Inge Stokke noted it was the first time Norway had set consecutive monthly EV records. The EV share had surpassed 95% in every county in the country, and Stokke notes that…

ThursdayMay 07, 2026 10:00 am

A Comparison of Ownership Costs Between Used EVs and Gas Cars

Used electric vehicle sales are climbing sharply as prices close in on those of comparable gas-powered models. In March, used EV sales were 27.7% higher than the same month a year prior and 53.9% above February's total, according to the Cox Automotive EV Monitor. A key factor behind the supply surge is the volume of vehicles leased between late 2022 and the end of 2023. Most of those agreements run three years, and the cars are now flowing back onto dealer lots in large numbers. Data from Edmunds shows that EVs are expected to account for 8% of all lease…

TuesdayMay 05, 2026 10:00 am

Xiaomi Opens EV Development Facility in Germany as it Targets European Market

Xiaomi is laying the groundwork for a European push, having opened an EV research and design center in Munich last year. The facility, headed by former BMW executive Rudolf Dittrich, focuses on adapting Xiaomi's vehicles to European safety standards, charging infrastructure, and consumer expectations. Germany is slated to be the company's debut overseas market when international sales begin in 2027. The Chinese technology giant arrived at Auto China 2026 in Beijing carrying considerable momentum. Founder and CEO Lei Jun drew large crowds at the company's booth, his celebrity standing in China on full display. Weeks earlier, he had piloted a Xiaomi SU7 Pro the roughly 810 miles from Beijing to…

FridayMay 01, 2026 10:00 am

EV Exports Drive Chinese Trade Surplus with the EU

China's trade surplus with the European Union reached a new quarterly record in early 2026, with electric and hybrid vehicle exports a central driver. Mercator Institute for China Studies’ analysis of customs data found that Chinese exports to the EU totaled close to $148 billion in the period. Imports from the bloc came in at approximately $65 billion, leaving a surplus of roughly $83 billion, with the full-year 2025 surplus setting a record at around $431 billion. Chinese EV and hybrid sales to Europe nearly doubled in the period, from approximately $11 billion to just over $20 billion. That represented…

ThursdayApr 30, 2026 10:00 am

Toyota Records 139% Jump in EV Sales as Oil Crisis Deepens

Despite years of resistance to full battery-electric vehicles, Toyota has become an unexpected winner in the current energy crisis. Fuel price shocks linked to the Middle East conflict have accelerated consumer interest in electric alternatives. The company entered 2025 with modest electric ambitions and is closing the first quarter with its best EV sales result on record. That shift has happened faster than most of the industry expected. March produced Toyota's strongest monthly electric vehicle result to date. Global battery-electric sales exceeded 35,000 units, nearly 140% ahead of the same month a year earlier. Japan saw the sharpest percentage move, with domestic sales climbing close to 3,500 units, a fortyfold…

TuesdayApr 28, 2026 10:00 am

Chinese EV Manufacturer BYD Says it Can Thrive Without US Market

China's largest electric vehicle maker has become the global leader in EV sales, overtaking its nearest rival last year. BYD is channeling that ambition into markets across Europe, Latin America, and Asia. Rising fuel prices are accelerating consumer interest in electric vehicles worldwide, and the timing has worked in BYD's favor. The company's strategy rests on a deliberate choice. Rather than straining for U.S. market access, where tariffs and national security concerns have effectively closed the door, BYD is building share elsewhere. This strategic calculation was articulated directly at the Beijing Auto Show. Stella Li, BYD's executive vice president, told…

FridayApr 24, 2026 10:00 am

EVs Are Now More Affordable Than ICE Cars in the UK

According to Autotrader, the average new electric car in the UK now costs less than a new gas-powered equivalent for the first time ever. The dominant platform for automotive listings in the country, Autotrader recorded the average advertised price of a new electric vehicle at just over $57,500, against around $58,600 for combustion engine cars. This revelation essentially removes the upfront cost premium that has most often been cited as the primary financial reason preventing drivers from switching to EVs. A purchase subsidy unveiled last summer that reduces the cost of qualifying models by up to $5,000 is partly responsible for falling EV prices. Manufacturers also…

ThursdayApr 23, 2026 10:00 am

Germany Wants 8 Million EVs on Its Roads by 2030

Germany expects to have close to eight million electric vehicles on its roads by 2030. The projection is built from sales forecasts submitted by the country's major automakers. The estimate was produced by NOW GmbH, a government-affiliated body working with the transport ministry. Reaching that figure would require the battery-electric fleet to roughly quadruple from its current size within five years. The forecast also includes around 2.4 million plug-in hybrid vehicles, bringing the total electrified fleet to over ten million. Fewer than 35,000 electric cars were registered in Germany in 2017 but by early 2026, the total had climbed past two million, with the fastest growth concentrated…

TuesdayApr 21, 2026 10:00 am

EVs Appear to Have Passed Their Tipping Point

Electric vehicles have broken free of the oil price cycle that governed their previous adoption waves. While earlier sales surges typically collapsed when energy prices fell and the underlying economic case evaporated, the current expansion rests on an entirely different foundation. The self-reinforcing economics of battery manufacturing have completely changed the economics of owning a battery electric vehicle (BEV). Battery storage costs have dropped by roughly 93% since 2010 as the production learning curve has compounded with every expansion of manufacturing scale. For every doubling of total output across the industry, unit costs have historically fallen by approximately 9%. That dynamic has generated more than enough momentum…

FridayApr 17, 2026 10:00 am

Nissan Unveils Plan to Transform Vehicular Mobility Using AI

Nissan has unveiled plans to transform vehicular mobility using a combination of electrification, artificial intelligence (AI), and a vehicle lineup focused on the global market. Although the Japanese carmaker did not go all-in on electrification like its Western counterparts, Nissan had a pair of fully electric models by early 2026 and has pledged to launch 19 new EV models by the end of the decade. Dubbed “Mobility Intelligence for Everyday Life,” the recently-unveiled strategy will make customer experience its main priority. Artificial intelligence will play a central role as Nissan combines AI-powered EV tech with a variety of electric powertrains to develop EVs that cater to customers in different markets. With nearly every major automaker…

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