Mercedes-Benz has announced a cost-cutting initiative after profits fell by nearly a third, driven by a slowdown in its electric vehicle (EV) business.
Honda and Nissan Plan Landmark Merger Amid Global Shift to Electric Vehicles
Honda and Nissan are contemplating a groundbreaking merger as both companies navigate the profound global transition to electric vehicles (EVs).
EQTEC PLC (AIM:EQT) Disposal of MetalNRG Shares
EQTEC plc (AIM:EQT), a leading licensor and innovator of syngas technology for clean conversion of the world’s waste into sustainable energy and biofuels, to power the circular economy, announces the sale
“Germany Set to Lose 190,000 Jobs Due to Transition to Electric Cars”
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.
EQTEC PLC (AIM:EQT) Update on Settlement Agreement with Logik
Update on Settlement Agreement with Logik Developments
EQTEC PLC (AIM:EQT) Equity placement of c. £850,000
EQTEC PLC (AIM: EQT) has announced an equity placement of approximately £850,000, priced at 1.4p per ordinary share, which is an 18% discount from the closing price on May 24th.
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.
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.