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General Motors Reports $7.1 Billion One Time Earnings Hit Amid Electric Vehicle Strategy Shift
GM's profit warning also comes on the heels of a Ford announcement December 15 that it will write off about $19.5 billion over several years amid the shifting policy outlook.
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Tesla Faces Stiff Competition By The Rise Of Chinese Auto, Tech Giants
Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars.
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Elon Musk's Tesla "Not Interested" In Manufacturing In India: Minister
The remarks came amid the government's push to promote domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs).
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US Senate Blocks California's Electric Car Drive Mandate
But the Senate's rubber stamp of a House-passed bill is likely to be challenged in court, setting up a battle royale between California's left-leaning government and President Donald Trump.
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"Trump Looks Like A Bully": French CEO Cancels Tesla Order Over US Climate Policy Shift
A French entrepreneur, who was planning to buy 15 Tesla electric vehicles (EV), has pulled the plug on the deal citing concerns over US President Donald Trump'senvironmental policies.
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US President-Elect Trump Plans To Rollback Most Biden-Era EV Policies
Incoming U.S. President Donald Trump's transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China.
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Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
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After Tesla Proposal, Government Considers Import Tax Cut for Automakers That Manufacture in India
India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.
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Assam Likely to Be First State to Achieve 100 Percent Electric Three-Wheeler Sales by 2025, US Study Shows
Assam is likely to be the first Indian state to reach the milestone of 100 percent electric three-wheeler sales by 2025, according to a recent study by the India ZEV Research Centre at the University of California Davis. It is among three states in the country to achieve such high levels of electrification in any segment.
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Automakers Struggle to Understand Whether New US Bill Allows EV Tax Credits for Customers
US automakers and dealers are still trying to figure out if the $430 billion (roughly Rs. 34,23,000 crore) climate, health care and tax bill that the US House of Representatives is set to vote on Friday will continue to let them offer $7,500 (roughly Rs. 5,97,000) tax credits to would-be buyers of electric vehicles (EVs).
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U.S. Hybrid Electric Car Sales Hit Record Highs
Honda, which plans to launch its first EV for the U.S. market in 2024, expected the market to take off thanks to a slew of new model launches by automakers and policy support by the Biden administration.
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US President Joe Biden Promotes Electric Vehicles With Tyre-Screeching Test Drive Of Hummer EV
U.S. President Joe Biden climbed behind the wheel of an electric Hummer SUV on Wednesday and sped off with a screeching of tires, in a test drive to tout billions of dollars in electric vehicle investment.
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More Than 100 U.S. Lawmakers Urge Speaker Pelosi To Back Union EV Tax Credit
More than 100 U.S. House lawmakers on Tuesday urged Speaker Nancy Pelosi to keep a $4,500 tax credit incentive for union-built electric vehicles (EV) in a massive spending bill.
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South Korean Battery Makers Agree Last-Minute Deal In Boost To Biden's EV Policy
The Biden administration through the U.S. Trade Representative's Office (USTR) faced a Sunday night deadline on whether to take the rare step of reversing a U.S. International Trade Commission decision unless the companies had agreed a deal.
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Automakers Urge U.S. Support For EV Charging, R&D, Incentives
A major automotive trade association on Tuesday urged U.S. policymakers to back sweeping support for electric vehicles (EV), including new incentives for research and development and consumer purchases.
-
General Motors Reports $7.1 Billion One Time Earnings Hit Amid Electric Vehicle Strategy Shift
GM's profit warning also comes on the heels of a Ford announcement December 15 that it will write off about $19.5 billion over several years amid the shifting policy outlook.
-
Tesla Faces Stiff Competition By The Rise Of Chinese Auto, Tech Giants
Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars.
-
Elon Musk's Tesla "Not Interested" In Manufacturing In India: Minister
The remarks came amid the government's push to promote domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs).
-
US Senate Blocks California's Electric Car Drive Mandate
But the Senate's rubber stamp of a House-passed bill is likely to be challenged in court, setting up a battle royale between California's left-leaning government and President Donald Trump.
-
"Trump Looks Like A Bully": French CEO Cancels Tesla Order Over US Climate Policy Shift
A French entrepreneur, who was planning to buy 15 Tesla electric vehicles (EV), has pulled the plug on the deal citing concerns over US President Donald Trump'senvironmental policies.
-
US President-Elect Trump Plans To Rollback Most Biden-Era EV Policies
Incoming U.S. President Donald Trump's transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China.
-
Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
-
After Tesla Proposal, Government Considers Import Tax Cut for Automakers That Manufacture in India
India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.
-
Assam Likely to Be First State to Achieve 100 Percent Electric Three-Wheeler Sales by 2025, US Study Shows
Assam is likely to be the first Indian state to reach the milestone of 100 percent electric three-wheeler sales by 2025, according to a recent study by the India ZEV Research Centre at the University of California Davis. It is among three states in the country to achieve such high levels of electrification in any segment.
-
Automakers Struggle to Understand Whether New US Bill Allows EV Tax Credits for Customers
US automakers and dealers are still trying to figure out if the $430 billion (roughly Rs. 34,23,000 crore) climate, health care and tax bill that the US House of Representatives is set to vote on Friday will continue to let them offer $7,500 (roughly Rs. 5,97,000) tax credits to would-be buyers of electric vehicles (EVs).
-
U.S. Hybrid Electric Car Sales Hit Record Highs
Honda, which plans to launch its first EV for the U.S. market in 2024, expected the market to take off thanks to a slew of new model launches by automakers and policy support by the Biden administration.
-
US President Joe Biden Promotes Electric Vehicles With Tyre-Screeching Test Drive Of Hummer EV
U.S. President Joe Biden climbed behind the wheel of an electric Hummer SUV on Wednesday and sped off with a screeching of tires, in a test drive to tout billions of dollars in electric vehicle investment.
-
More Than 100 U.S. Lawmakers Urge Speaker Pelosi To Back Union EV Tax Credit
More than 100 U.S. House lawmakers on Tuesday urged Speaker Nancy Pelosi to keep a $4,500 tax credit incentive for union-built electric vehicles (EV) in a massive spending bill.
-
South Korean Battery Makers Agree Last-Minute Deal In Boost To Biden's EV Policy
The Biden administration through the U.S. Trade Representative's Office (USTR) faced a Sunday night deadline on whether to take the rare step of reversing a U.S. International Trade Commission decision unless the companies had agreed a deal.
-
Automakers Urge U.S. Support For EV Charging, R&D, Incentives
A major automotive trade association on Tuesday urged U.S. policymakers to back sweeping support for electric vehicles (EV), including new incentives for research and development and consumer purchases.
