NewsRoom Articles - Page 42 of 137

ThursdayJan 11, 2024 2:56 pm

Growing Number of EVs No Longer Qualify for US Subsidies, Including GM and Teslas

The U.S. Treasury has revealed that more than 20 electric cars will lose eligibility for the tax credits maxing out at $7,500 in 2024 after new EV battery-sourcing regulations take effect. Issued by the Treasury in early December 2023, the new guidelines exempt EVs with battery materials sourced from China from federal electric vehicle tax credits. With the United States and other western nations scrambling to cut their reliance on the Chinese EV battery supply chain, these new rules are meant to encourage domestic production of electric vehicle batteries. According to the treasury, the guidelines will lock out EV models…

WednesdayJan 10, 2024 3:56 pm

Tesla Recalls More Than 1.5 Million EVs in China

China’s State Administration for Market Regulation (SAMR) has announced that Tesla is recalling more than 1.5 million Model 3, S, Y and X electric vehicles in China to fix issues with door-latch controls and automatic assisted steering. SAMR noted that some recalled vehicles had a bug that allowed drivers to misuse the level 2 combined assisted when the automatic assisted steering function was on, significantly increasing the risk of collision. Another 7,538 imported Tesla models that were manufactured between Oct. 26, 2022, and Nov. 16, 2023, had a “problem with the door unlock logic controls” that allowed door latches to…

TuesdayJan 09, 2024 3:00 pm

VW-Backed Company Rolls Out First EV with Sodium-Ion Battery

A new Chinese electric vehicle brand with Volkswagen’s backing has debuted the industry's first sodium-ion battery-powered electric car. JAC Group’s Yiwei rolled out the new JAC Yiwei EV in late December. Yiwei was established in early 2023 under the JAC Group, and its parent company is jointly owned by the Chinese government and Volkswagen. The German automaker bought a 50% stake in the JAC group for $1.09 billion and also assumed full control of its existing EV joint venture’s management with a 75% stake. Yiwei leveraged its backing from Volkswagen and the Chinese government to manufacture the first EV in…

FridayJan 05, 2024 1:45 pm

The Top Stories That Made EV Headlines in 2023

Last year was a mixed bag of a year for the nascent electric vehicle industry. Major companies such as Tesla broke sales records while Chinese automakers made major inroads into international markets. However, surging interest rates and high prices depressed electric vehicle demand as 2023 drew to a close, forcing many automakers to reconsider their ambitious plans for electrification. Even so, 2023 was a significant year for the EV industry. Carmakers began switching to Tesla’s proprietary connector in 2023 after the Texas-based automaker allowed other carmakers to adopt its charging connector. With the exception of Stellantis, every major carmaker has…

ThursdayJan 04, 2024 10:41 am

Chinese Firm Xiaomi Unveils First EV, Vows to Dominate Industry

Chinese consumer electronics firm Xiaomi recently unveiled its first electric car, the Xiaomi SU7, and detailed plans to dominate the electric vehicle industry. A social media post from Xiaomi CEO Lei Jun noted that while the company had not finalized its debut electric car’s price, Xiaomi would spend more than $1.4 billion (10 billion yuan) on the development of an EV that would compete with the likes of Tesla and Porsche. Lei said the Xiaomi SU7 is currently in development and would hit the Chinese market in a few months. Developed by a design team that worked for Mercedes-Benz and…

WednesdayJan 03, 2024 10:56 am

Nio Inc. Announces 1,000km EV Battery Breakthrough

A Chinese electric vehicle maker has unveiled a next-generation EV battery with the ability of offering 1,000 kilometers (621 miles) of range, a distance that’s significantly more than any EV battery currently on the market can travel. Shanghai-based carmaker Nio Inc. (NYSE: NIO) says the 1,000-kilometer battery will begin mass production this April. Nio CEO William Li drove the electric ET7 model from Zhejiang Province to Fujian Province, a distance of around 1,044 kilometers (649 miles), in a live stream lasting 14 hours. He began the trip at the Shanghai World Expo Center battery swap station at 6:32 a.m. and…

TuesdayJan 02, 2024 10:48 am

A Deeper Analysis of Lower Current Sales of Used EVs

Car dealers across the United States are reporting a notable decline in secondhand electric vehicle sales. With the electric vehicle industry now older than a decade, the market is seeing an influx of used EVs from early adopters trading in their cars for modern EVs or returning to internal combustion engine (ICE) cars. The secondhand market was expected to help accelerate electric vehicle adoption as it would offer EVs at more affordable prices. Drivers interested in transitioning to electric cars would be able to make the switch without breaking the bank. However, recent sales data shows that consumer demand in…

FridayDec 29, 2023 12:36 pm

Interest in Hybrids Grows as US Motorists Go Slow on EV Purchases

Most American automakers have pledged to electrify their vehicle lineups as part of global efforts to curb greenhouse gas emissions and mitigate climate change. Battery electric vehicles are ideal transportation for a green economy because they run on electricity rather than fossil fuels and do not produce any emissions at the tailpipe. Under the notion that electric vehicles will be the dominant form of vehicular transportation over the next couple of decades, car makers have invested hundreds of millions of dollars into electrification initiatives. However, consumers seem to be more interested in hybrid vehicles rather than battery electric cars. Edmunds.com…

ThursdayDec 28, 2023 12:17 pm

Aberdeen Couple Completes Pole-to-Pole EV Challenge

A couple from Aberdeen recently made history when they completed a pole-to-pole electric vehicle challenge and drove from the Arctic to Antarctica in an EV. The husband and wife team began their over 18,000-mile trip in March in a solar and wind-powered electric car, becoming the first people in the world to complete the trip in any car. After setting off from the Magnetic North Pole several months ago, the couple revealed on social media that they had reached the South Pole and are now testing the final leg of their Antarctica expedition. The historic trip is a testament to…

WednesdayDec 27, 2023 3:26 pm

Despite Protectionist Policies in US and EU, Chinese EV Makers Still Dominate Sales

China’s electric-vehicle industry is growing at a rapid rate despite efforts by European Union and American policymakers to curb Chinese EV sales. Automakers from China still dominate the global EV industry in terms of sales, and some have even surpassed electric-vehicle giant Tesla in the Chinese market. Massive subsidies from China’s government have also allowed local EV makers to flood foreign markets with more affordable electric vehicles. These companies delivered more than 130,000 battery electric vehicles (BEVs) to foreign markets in the third quarter of the year, more than four times their sales in the same quarter last year. China…

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