Every EVXL story tagged “Europe” — newest first.
The European Union has made a decisive move by implementing increased customs duties on Chinese-made electric vehicles, marking a watershed moment in the evolving trade relationship between the EU and China, according to AP News. This decision comes after failed negotiations between the two economic powerhouses. Comprehensive Tariff Structure The EU has implemented a nuanced…
In a striking demonstration of China’s evolving technological resilience, BYD has emerged as a global EV powerhouse, now selling more electric vehicles than Tesla Inc., while successfully navigating US trade restrictions through strategic international expansion. This development comes amid broader US efforts to contain Chinese technological advancement, particularly in critical sectors like elect
Mercedes-Benz is facing significant headwinds as it reports a dramatic drop in profits and EV sales for Q3 2023, according to a Financial Times report. EV Sales Take a Hit Pure electric vehicle sales plummeted 31% year-over-year in Q3, though plug-in hybrid sales showed a modest 10% increase. The luxury automaker’s CFO Harald Wilhelm didn’t…
Tesla delivered a powerful financial performance in Q3 2024, reporting adjusted earnings of $0.72 per share ($2.51 billion net income), significantly outpacing analyst expectations of $0.59 per share, according to Forbes reporting. Strong Financial Performance Marks Turning Point The EV pioneer saw its profits climb to $2.2 billion from July through September, compared to $1.9…
Volvo Cars has significantly cut its annual sales growth forecast and shifted its all-electric timeline as market pressures mount, according to the Financial Times. Growth Forecast Takes a Hit The Swedish automaker now expects just 7-8% retail sales growth this year, less than half of its July projection of 12-15%. Despite posting a strong Q3…
Mini’s just shaken up the hot hatch world with its first-ever electric John Cooper Works models. The iconic British brand debuted the JCW Electric and JCW Aceman, both packing some serious electric punch. Car and Driver reports on this electrifying news. Identical Powertrains, Different Packages Both new models are rocking the same electric setup: The…
Chinese electric vehicle manufacturers made a bold statement at this year’s Paris Auto Show, showcasing their latest models despite recent EU tariffs. According to reporting from The New York Times, a record number of Chinese automakers unveiled cutting-edge EVs, seemingly undeterred by the European Union’s decision to impose anti-subsidy tariffs on their vehicles. Chinese Automakers…
Volkswagen’s banking on affordable electric vehicles to revive its flagging sales in Europe and China, echoing a strategy from the 1970s oil crisis. According to Fortune, the German automaker plans to roll out eight new budget-friendly EVs by 2027. From Elektro Bus to ID.2all: VW’s Electric Evolution Back in the early ’70s, VW experimented with…
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