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.
Andrada Mining (AIM:ATM) 90% rise in revenues as tin production accelerates.
Andrada Mining Ltd (AIM: ATM, OTC: AFTTF) reported an almost 90% increase in annual revenues as tin production from its Uis mine in Namibia ramped up.
Elon Musk clears 500,000 trees at Tesla’s German gigafactory site.
According to satellite analysis, Elon Musk’s Tesla cleared approximately half a million trees to construct its massive Berlin electric car factory.
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,
The US announces that new tariffs on Chinese imports will take effect in August.
US officials announced that significant tariff hikes on various Chinese imports, including electric vehicles (EVs), computer chips, and medical products, will commence on August 1.
Copper prices reached a new high, surpassing $5 per pound for the first time.
Copper prices for the May and June U.S. contracts both reached $5 per pound this week. This surge is fueled by ongoing and anticipated demand for data centres and electricity.
US has hiked tariffs on key Chinese imports
President Joe Biden has raised tariffs on crucial Chinese imports, such as electric vehicles, microchips, and steel.
Jaguar Land Rover announced its highest annual profit in nine years.
Jaguar Land Rover reported its highest annual profit in nine years, driven by “sustained global demand” for its luxury vehicles.
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