Ford announces a delay in the launch of its all-electric SUV, opting to bolster its hybrid lineup by 2030 instead.
Tesla's disappointing first-quarter sales figures lead to a 7% drop in shares, marking its first year-over-year decline since the pandemic began.
Tesla faces significant challenges as analysts downgrade outlook amid concerns over stagnant growth and increasing competition in the electric vehicle market.
Epsilon Advanced Materials will reportedly get $33 million in incentives if the Indian company fulfills the hiring and investment criteria.
Hybrid cars in India are currently taxed less than petrol cars, but the Japanese carmaker believes the difference is not enough.
Ather Energy eyes Nepal for the export of its flagship model, the 450X. Nepal is a "microcosm of the rising global consciousness over switching to cleaner mobility choices," the company said.
Electric cars are widely hailed as the future of transport, but even though they eliminate the issue of fuel emissions from tailpipes, the problem of particle pollution as a result of tire wear hasn't been resolved.
Ola Electric founder and CEO Bhavish Aggarwal said the facility will open next year. It will allow them to start using Indian-manufactured cells in their motorbikes.
"Given the rigid Chinese stand on border issue, I would consider this is a golden opportunity for India to slowly disengage Indian economy from Chinese supply chain. India should look for alternative trading partners," said Sanjib Pohit, author and professor at the National Council of Applied Economic Research (NCAER), India.
"Indian manufacturers are looking for collaboration opportunities with international players to access the technology and finance at low cost," Vibhuti Garg, director, South Asia at IEEFA, said, adding that India can "set up the big capacities not only to meet their internal demand but also export to other countries and accelerate the roadmap to energy transition."
Authorities were racing Thursday to prevent a possible ecological disaster off the Dutch coast where a blaze raged aboard a car carrier ship for a second day.
Despite placing second in terms of overall manufacturer sales, Tesla's Model 3 and Model Y were the two highest selling vehicles in California last year.
Tesla slashed prices on two of its most expensive U.S. models, as it continues the trend of discounting its vehicles to drive up demand.
Tesla fired more than 30 workers at its Buffalo Gigafactory Wednesday, just a day after workers announced their intentions to unionize.
Zeekr lodged its filings with U.S. regulators last week and is planning to go public in New York as early as the second quarter of 2023.
Volkswagen has yet to meet their sales goal in China due to the after-effects of lockdowns.
Cadillac unveiled its newest luxury vehicle, a $300,000 electric car that will be completely customizable.
General Motors saw its sales climb in Q3, despite a bumpy patch for the auto industry.
Plug-in vehicles are making great progress, but sales of gas-guzzling pickups and SUVs are also surging.
Ford is looking to accelerate its EV push by cutting costs, increasing profits, and offering built to order vehicles.
The Inflation Reduction Act will hurt EV consumers short term but may benefit them long term.
Ferrari plans to unveil its first fully electric vehicle by 2025 and make its offerings make up only 20% combustion engines.
