GASOLINE POWERED CARS
Chinese automakers seek retaliatory tariffs on EU cars, state media reports
Industry insiders say both Europe and China have reasons for wanting to strike a deal in the months ahead to de-escalate tensions and avoid the addition of billions of dollars in new costs for Chinese EV makers, as the EU process allows for review.
How a tax sop has created a divide in India's motown
Indian automakers are at a crossroads as they navigate the shift from internal combustion engines to electric vehicles. Consumers are showing a preference for hybrids over EVs, sparking debate among automakers. The government's proposed tax reduction for hybrids has divided industry leaders, with some advocating for incentives solely for electric vehicles. The potential impact on sales volumes and climate goals is a central point of contention.
China is testing more driverless cars than any other country
Across China, 16 or more cities have allowed companies to test driverless vehicles on public roads, and at least 19 Chinese automakers and their suppliers are competing to establish global leadership in the field. No other country is moving as aggressively.
What to know about Europe's extra tariffs on Chinese electric cars
The tariffs, which have been expected for months, come on top of existing 10% duties, but the level of their impact has been disputed. Some European automakers argue they will set off a trade war, but other experts have said they will not stop China's dominance in the industry.
Long-range EVs now cost less than the average new car in the US
The automotive industry in the US is experiencing a competitive phase in the electric vehicle market, leading to EVs with over 300 miles of range being cheaper than gas-powered cars for American buyers.
How electric car batteries might aid the grid (and win over drivers)
New technology could transform expensive electric car batteries into assets for owners, offering benefits like reduced utility bills and free parking. Automakers like Ford, GM, and BMW are exploring using electric car batteries to store excess renewable energy, creating a potential new revenue stream.
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Moving to renewables will mean using less energy overall
Moving to clean energy could also bring savings of up to $4.6 trillion each year, according to new research from Colorado-based think tank RMI.
Old empires could be the key to a new car future
Hydrogen, a vital element in water creation, is gaining traction as a fuel source for fuel-cell electric vehicles.
European autos stocks hit on China tariff jitters
European autos stocks were the worst performing equity market sector on Wednesday, following a report that suggested there was potential for China to impose higher tariffs on cars.
Few Chinese electric cars are sold in U.S., but industry fears a flood
American automakers expressed their approval of the Biden administration's decision on Tuesday to levy a 100% tariff on electric vehicles imported from China. They stated that these vehicles could undercut billions of dollars of investments made in electric vehicle and battery manufacturing facilities in the United States.
Nevermind those EVs — oil demand keeps growing
Oil demand concerns persist as Brent crude prices have been fluctuating. Gasoline consumption are rising despite push for electric vehicles.
Consumers bend the road: No straight drive from ICE to electric
The transition from internal combustion engine (ICE) vehicles to electric vehicles faces challenges as consumers show a preference for hybrids and CNG vehicles over pure EVs. Maruti Suzuki expects significant growth in CNG car sales, signaling a shift towards alternative fuel technologies alongside traditional options.
China's electric cars keep improving, a worry for rivals elsewhere
Chinese automakers are leading in electric car innovation, introducing larger, technologically advanced models. With plans to launch 71 new battery electric models, features include taller hoods, bigger tires, and spacious interiors. China's advancements in self-driving technology and battery efficiency are reshaping the global automotive landscape, challenging traditional manufacturers.
'It is desolate': China's glut of unused car factories
The facility, a former assembly plant and engine factory, had been a joint venture of a Chinese company and Hyundai, the South Korean giant. The complex opened in 2017 with robots and other equipment to make gasoline-powered cars. Hyundai sold the campus late last year for a fraction of the $1.1 billion it took to build and equip it. Unmown grass at the site has grown knee high.
What happened when a German car factory went all electric
Zwickau, Germany, adapting to the electric vehicle revolution with Volkswagen's factory conversion, navigating through challenges while facing competition from Chinese electric carmakers, emphasizing the need for innovation and adjustments in the auto industry.
Ford slows its push into electric vehicles
Ford and other automakers delay electric car plans, focusing on hybrids due to sales challenges. Consumers prefer hybrids for easier fueling. Ford aims to offer hybrid versions for all its models.
Tesla's Sales Drop: A sign that its grip on the EV market is slipping
Tesla faced a sharp decline in quarterly sales, sparking concerns about Elon Musk's leadership as competitors like BYD, Kia, and Hyundai saw increases in electric vehicle sales. The market is shifting, with mainstream buyers possibly put off by Tesla's unconventional design and service issues. The company must address challenges to regain momentum.
In the green race, auto companies hop on powertrains
Car companies in India are adapting to a mix of powertrain technologies, including petrol, hybrids, and electric, to meet policy initiatives and changing preferences. The market demands diverse options for cleaner and sustainable transport solutions, driving competition and innovation.
Volvo Car just made its last-ever diesel vehicle; last XC90 SUV headed to museum
Volvo Car AB has ceased diesel engine production, marking a shift to all-electric vehicles by 2030. The XC90 SUV, the last diesel model, rolled off the line in Sweden. Despite global EV demand cooling, Volvo remains confident in its customer offerings and commitment to sustainable mobility.
Top auto companies seek to introduce one electric car a month in next two years
Companies are aiming to democratize the electric power train in personal mobility to break consumer resistance over affordability through more mass-market choices than ever before.
Toyota's hybrid-first strategy is delivering big profits
Toyota, once criticized for falling behind in electric vehicles, is now booming in sales and profits. American car buyers are turning to hybrids, and Toyota's deliberate pace is paying off. Toyota plans to increase hybrid production and release a range of electric vehicles by 2026.
How China built BYD, its Tesla killer
China's BYD, once a laughingstock in the auto industry, has surpassed Tesla in global sales of fully electric cars and is on track to become the market leader in China. With its low manufacturing costs, BYD is rapidly expanding exports to Europe and building assembly lines in multiple countries. However, its success has attracted scrutiny and could lead to trade barriers and tariffs. BYD's growth is unparalleled in the industry, and it has benefited greatly from China's dominance in the electric vehicle market.
Tesla plans to build new electric vehicles in mid-2025
Tesla CEO Elon Musk has long whetted fans' and investors' appetites for affordable electric vehicles and self-driving robotaxis that are expected to be made on next-generation, cheaper electric car platforms.
Tesla plans to build new electric vehicles in mid-2025
Tesla CEO Elon Musk has long whetted fans' and investors' appetites for affordable electric vehicles and self-driving robotaxis that are expected to be made on next-generation, cheaper electric car platforms.
Electric vehicles are cheaper than ever. That’s bad for EV owners
Tesla cuts Model 3 prices in China, making them more affordable; Hertz sells part of its EV fleet and buys gasoline-powered vehicles instead; falling EV costs benefit consumers but hurt fleet owners; Hertz's decision to buy 100,000 Model 3s looks foolish; depreciation risk for rental companies; EV price parity with gasoline cars causes depreciation headache; consumer demand for EVs may saturate as production ramps up; ideal time to buy for rental companies and individual car owners.
Chinese auto giant BYD sells more electric vehicles than ever
But BYD last year sold 1.6 million fully electric vehicles and another 1.4 million hybrids, which are powered by both batteries and gasoline. Together that is a 62% increase over 2022. BYD is also making money, tripling its profit to $1.5 billion in the first half of last year. All told, Chinese automakers are expected to have sold about 9.4 million electric vehicles and hybrids last year, an increase from 6.9 million in 2022, according to the China Association of Automobile Manufacturers. The group said it expected sales in 2024 to rise again, to 11.5 million.
Maruti Suzuki India will 'hardly' have any pure-play Gasoline ICE vehicles by FY31
Maruti Suzuki India is planning to shift away from traditional gasoline vehicles and transition to eco-friendly options by 2030-31. The company aims to offer a diverse range of vehicles, including battery electric vehicles (BEVs), strong hybrids, and vehicles operating on compressed natural gas (CNG) and compressed biogas (CBG). Maruti Suzuki plans to fit every car it sells by FY31 with carbon reduction technology. Approximately 15-20% of their portfolio will consist of BEVs.
UK PM Rishi Sunak waters down Britain's climate goals
To ease what he described as "unacceptable costs" on British households he delayed a ban on new petrol and diesel cars until 2035 from 2030, eased the speed of transition to heat pumps from gas boilers in homes and said he would not force any household to improve their insulation.
GM will add backup power function to its electric vehicles
The move comes amid rising concern over lengthening blackouts resulting from extreme weather and climate change. Carmakers are increasingly touting the practical benefits of electric vehicles to appeal to customers not mainly interested in environmental benefits.
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