A new study has warned that Germany’s car industry could lose nearly 190,000 jobs as manufacturers shift towards electric vehicles.
Reeves urged to increase taxes on petrol cars to encourage electric vehicle adoption
According to a report from the Resolution Foundation, an economic think tank, ministers should consider increasing taxes on petrol and diesel vehicles to help lower the “premium” on electric vehicle
Demand for electric cars falls to lowest level in four years
Only 13% of drivers intend to purchase electric vehicles, marking a challenge for Labour’s net zero goals.
Operating an electric car costs twice as much as running a petrol vehicle.
As roadside charger prices continue to rise, a round trip from London to Penzance costs £148 for electric vehicles and £77 for petrol cars.
Chinese carmaker to bypass tariffs on electric car exports to the UK
Chinese giant BYD will avoid paying tariffs on electric cars exported to Britain by announcing plans for a massive factory in Turkey.
EU to Implement Additional Tariffs on Chinese Electric Vehicles
The European Commission announced on Wednesday that it would impose additional duties of up to 38.1% on imported Chinese electric cars starting in July. This move risks retaliation from Beijing,
Electric vehicles are being sold at unprecedented discounts due to a significant drop in demand.
Nearly 80% of new electric vehicles (EVs) were sold at discounted prices last month as the industry faced a decline in consumer demand, according to Auto Trader data. This marked
Demand for Electric Cars Declines Throughout Europe
Electric car sales across Europe plummeted last month, with demand weakening despite the EU’s efforts to phase out petrol and diesel vehicles by the mid-2030s.
Britishvolt site sold to US private equity investors Blackstone
US private equity investors have acquired the location intended for Britain’s first electric car battery gigafactory, casting doubts on the UK’s net zero objectives.
Sales of Volkswagen’s electric cars decrease while Europe shifts back to petrol vehicles.
European sales of Volkswagen electric vehicles have declined by nearly 25% as interest in battery-powered cars slows and consumers increasingly opt for petrol vehicles.
Interest in Electric Vehicles Declines as Consumers Return to petrol Cars
The demand for electric vehicles (EVs) has seen a notable decrease, indicating a shift among consumers back to gasoline cars.
Prices of used electric cars fall due to an influx of cheap Chinese rivals
The market value of pre-owned electric vehicles has seen a significant decline since the beginning of the year, influenced by a large influx of inexpensive new models from Chinese producers