Tariffs, tax credits, mandates and regulators — the rules that shape the EV market.
Volkswagen is making big moves to get its Wolfsburg plant ready for electric vehicle (EV) production. The company has appointed Uwe Schwartz, who successfully converted the Emden plant to EV-only production, as the new manager of the Wolfsburg facility. This change comes amidst a challenging market and increased competition from Chinese automakers, according to Autmotive…
California’s greenhouse gas emissions dropped by about 2.4% in 2022, a promising sign that the state’s carbon footprint is decreasing even as the economy rebounds from the COVID-19 pandemic. This news, announced by the California Air Resources Board, highlights the significant role electric vehicles (EVs) are playing in reducing emissions. EVs Leading the Charge More…
Vietnamese electric-vehicle maker VinFast reported a deeper second-quarter loss on Friday, driven by rising costs linked to its ambitious Asia expansion, although its revenue remained on a rising trend, according to its exchange filing. The company, which started delivering cars in California last year, is facing challenges as it seeks to capitalize on growing demand…
New Jersey’s Charge Up program has just gotten a major boost with the introduction of the Charge Up+ initiative, aimed at making electric vehicles (EVs) more accessible to lower-income residents. The state is doubling down on its commitment to promote EV adoption and meet its clean energy goals, reports NJ.com. Charge Up+: New Income-Based Incentive…
Volkswagen, a major player in the electric vehicle (EV) market, is facing scrutiny over its operations in China’s Xinjiang region. An audit of the company’s jointly owned site there has failed to meet key aspects of international standards, according to a report by the Financial Times reports Reuters. Audit Shortcomings The audit, commissioned by Volkswagen…
Mercedes-Benz is pulling out of China’s electric vehicle market, selling its remaining stake in premium EV maker Denza. This move comes as luxury spending in the world’s largest auto market takes a hit, according to a recent report from The Wall Street Journal. Unwinding a Decade-Long Partnership The German automaker has decided to unwind its…
BYD, China’s leading electric vehicle (EV) maker, is making a bold move into Europe, with its first assembly plant set to open in Hungary. This strategic decision comes as the European Union considers raising tariffs on EVs imported from China, making local production a smart and necessary play, reports The New York Times. Racing Against…
Electric vehicle (EV) batteries are on track for a major sustainability upgrade, potentially revolutionizing the industry’s environmental impact and supply chain. According to a recent report from The Economist, most EV batteries could soon be made by recycling old ones, marking a significant shift towards a circular economy in the automotive sector. Demand Surge Drives…
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