Industry

Global EV and PHEV sales up 21% in July, but down in Europe

In July 2024, global sales of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) rose by 21%, reaching a total of 1.4 million units sold despite previous months’ slower growth rates. However, Europe displayed a contrasting trend with a significant decline, especially marked by Germany's downturn.

Evgenii Ushakov

Aug. 15, 2024, 11:22 a.m.
Automakers reveal electric car battery suppliers in South Korea after Mercedes-Benz explodes in parking lot

Audi and Volkswagen have assured customers that all electric vehicles (EVs) they sell in Korea are powered by batteries sourced from local manufacturers. This confirmation comes amid growing concerns regarding the safety of electric vehicle batteries following a devastating explosion involving a Mercedes EV in Incheon last week.

Evgenii Ushakov

Aug. 14, 2024, 4:53 p.m.
Goodyear invests in electric vehicle tyre production in Canada

Goodyear Tire & Rubber Co. is expanding and modernizing its tire factory in Napanee, Ontario, to produce tires for electric vehicles (EVs) and the all-terrain market.

Evgenii Ushakov

Aug. 14, 2024, 2:11 p.m.
UAW Files Federal Charges Against Musk And Trump For Threatening Workers

The United Auto Workers Union has filed federal labor charges against former President Donald Trump and Elon Musk. The union took action on Tuesday, claiming the pair made illegal threats and tried to scare workers who might go on strike.

Evgenii Ushakov

Aug. 14, 2024, 8:41 a.m.
Honda, Nissan to recycle plastics from scrapped cars

Japanese automakers Honda and Nissan are gearing up to make their vehicles greener by creating supply chains for recycled plastic. They're taking this step to meet expected new European regulations and to boost their environmental credentials.

Evgenii Ushakov

Aug. 13, 2024, 2:36 p.m.
Renault Scenic E-Tech gives Tesla drivers a cheeky digital heads-up on its Model Y - beating the range and price of the Model Y

Renault's getting cheeky with Tesla drivers in the UK. The French carmaker's launched a digital billboard campaign that pokes fun at Tesla Model Y owners while showing off its new Scenic E-Tech electric car.

Evgenii Ushakov

Aug. 13, 2024, 2:05 p.m.
Jaguar to show EV concept in December, then stop selling new cars for a year

Jaguar will stick to its plan to go all-electric next year, even though demand for electric vehicles isn't stable. The company will soon stop making all of its current cars and show off a new concept car that will set the tone for its future.

Evgenii Ushakov

Aug. 13, 2024, 9:54 a.m.
Best-selling cars in Europe in 2024 ranked

The first half of 2024 saw a slight uptick in new car sales across Europe. From January to June, 6,847,842 cars were registered, marking a 4.4% increase compared to the same period in 2023.

Evgenii Ushakov

Aug. 12, 2024, 3:18 p.m.
Jaguar Land Rover is the first carmaker to use Pirelli's FSC-certified tires on a large scale across its vehicle portfolio

JLR and Pirelli are teaming up to use natural rubber tyres that are FSC-certified across JLR's luxury vehicle range. The partnership will make JLR the first car company to use these eco-friendly tyres on a large scale.

Evgenii Ushakov

Aug. 12, 2024, 10:07 a.m.
MG Motor to build manufacturing plant and research and development center in Mexico

MG has announced plans to establish a car plant and R&D center in Mexico, becoming the second Chinese automaker to do so.

Evgenii Ushakov

Aug. 9, 2024, 4:42 p.m.
Rivian cuts costs, but still loses over $32,000 on every EV it builds

Rivian, the electric car manufacturer, continues to face financial challenges despite its efforts to cut costs. In the second quarter of 2024, the company lost over $32,000 on every EV it built.

Evgenii Ushakov

Aug. 9, 2024, 4:07 p.m.
Elon Musk cancels partnership between Tesla and Costco in Taiwan just hours after it was announced

Tesla in Taiwan announced a special partnership with Costco yesterday. Less than 24 hours later, Elon Musk says he’s axed the program because it wasn’t approved.

Evgenii Ushakov

Aug. 8, 2024, 1:22 p.m.
The cost of EV battery packs has been reduced by 90 percent from 2008 to 2023

The cost of electric vehicle battery packs has dropped dramatically over the past 15 years. The U.S. Department of Energy's Vehicle Technologies Office reports a 90% decrease in the average cost of lithium-ion battery packs for light-duty electric vehicles between 2008 and 2023.

Evgenii Ushakov

Aug. 7, 2024, 1:30 p.m.
Mitsubishi kills the Mirage and becomes a pure crossover brand in the U.S.

Mitsubishi is saying goodbye to the Mirage in America. The company will stop making the Mirage and Mirage G4 models for the 2025 model year. This change turns Mitsubishi into a brand that only sells crossovers in the United States.

Evgenii Ushakov

Aug. 7, 2024, 11:12 a.m.
US regulators close in on recall of up to 51 million dangerous airbags

The National Highway Traffic Safety Administration (NHTSA) is about to announce a huge recall of airbags. They're saying up to 51 million airbags made by ARC Automotive and Delphi Automotive could be dangerous and need to be replaced.

Evgenii Ushakov

Aug. 7, 2024, 10:15 a.m.
Trump says he has 'no choice' but to support electric vehicles because of Elon Musk's endorsement

Former President Donald Trump announced at a rally on Saturday that he supports electric vehicles due to an endorsement from Tesla CEO Elon Musk. Despite this, Trump criticized EV infrastructure and Biden's EV mandates.

Evgenii Ushakov

Aug. 5, 2024, 9:32 a.m.
Now Audi says internal combustion cars could remain

One by one, automakers are backtracking on the ambitious EV goals they set a few years ago. 

Evgenii Ushakov

Aug. 2, 2024, 5:14 p.m.
United Auto Workers backs Harris for president

The United Auto Workers (UAW) union endorsed Vice President Kamala Harris for U.S. president on Wednesday, providing a significant boost for her campaign in the swing state of Michigan.

Evgenii Ushakov

Aug. 1, 2024, 2:03 p.m.
Stellantis begins offering buyout packages to US employees

Stellantis is offering a voluntary buyout package to its salaried US workforce of around 11,000 employees. This move follows less than a week after CEO Carlos Tavares warned of potential brand shutdowns if they were not profitable.

Evgenii Ushakov

Aug. 1, 2024, 11:17 a.m.
Sim racing equipment supplier Fanatec has just gone bankrupt

This announcement came almost three months after PC accessory giant Corsair revealed plans to acquire Endor and restructure the company’s $75 million debt.

Evgenii Ushakov

Aug. 1, 2024, 9:03 a.m.

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