Energy companies, corn growers and industry associations have long opposed strong environmental rules in California, for decades the only state with power to request a waiver from the Environmental Protection Agency (EPA) to set its own vehicle emissions regulations that are more stringent than the federal standard.
Ineos, the producer of petrochemicals and fledgling carmaker, said Wednesday that it was pausing the launch of its first electric vehicles, citing "reluctant consumer uptake" as a key reason. In an earlier statement, Ineos said it was "delaying the launch... for two reasons; reluctant consumer uptake of EVs and industry uncertainty around tariffs, timings and taxation".
The National Highway Traffic Safety Administration (NHTSA) had opened a recall query last year to investigate the company's repairs on the impacted models.
General Motors will pay nearly USD 146 million in penalties for underestimating emissions produced by its vehicles, federal regulators said Wednesday. In March, the Biden administration issued more stringent automobile emission standards for vehicles produced in the United States.
The Chinese carmaker, which faces the lowest tariff hike of 17.4% on top of the current 10% duty, has not decided yet whether to hike prices on EVs sold in the European Union, sources close to the company told Reuters.
Swedish luxury carmaker Volvo Cars plans to exclusively launch electric vehicles in India after 2030. Volvo aims to introduce one new electric vehicle annually, starting with the EC30 in 2025. The market for electric cars in India, though currently small, is growing rapidly. Volvo holds a significant share in the luxury EV segment in India and sees potential for further growth in the country's luxury vehicle market.
BYD officials in Thailand and its sole distributor Rever Automotive, which has a network of over 100 dealerships, did not immediately respond to Reuters emails seeking comment.
The sale of battery electric vehicles (BEVs) is set to hit the 10-million milestone this year, marking a significant achievement for the global passenger vehicle market, a report showed on Tuesday.
Rivian has not changed its plans to start producing the R2 at its manufacturing facility in Normal, Illinois, followed by production at a planned Georgia plant, the Rivian spokesperson said.
The Dearborn, Michigan-based company changed a leasing program it offers to eligible current and former managers, now requiring them to order an electric Mustang Mach-E SUV or F-150 Lightning pickup if they wish to lease a supplemental vehicle. Workers are allowed a set number of leased vehicles, typically one to two, depending on their management level, before ordering a supplemental car.
The model will go on sale in India soon, with prices starting at INR 2.65 crore (ex-showroom), and an Edition One variant available for INR 2.85 crore (ex-showroom) through the first year. The high-performance vehicle will debut at the 2024 Goodwood Festival of Speed from 11 to 14 July.
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