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.
The electric car scandal is just starting to unfold.
The situation is increasingly reminiscent of the Volkswagen scandal, where the company was caught manipulating software in diesel engines to produce flattering emissions results during tests.
Mercedes-Benz chief pledges to continue manufacturing gasoline vehicles into the 2030s.
The head of Mercedes-Benz, a leading German automotive manufacturer, has announced that the company will continue producing gasoline cars well into the 2030s.
Volkswagen reduces workforce amid declining EV demand.
“The move follows just three months after Volkswagen scaled back production and made layoffs at their Emden facility. At their German plant in Zwickau, Volkswagen is letting go of nearly
Volkswagen orders factory workers in China to work longer hours following Covid illness
Volkswagen told workers in China that they need to work overtime to recover production losses from a wave of Covid illness.
The Overthrow of Elon Musk is being planned by the Titans of Car making
Volkswagen and Toyota will be buying Tesla and making $170 billion in investments to keep them on top.
Small miners aim for EU supply chain for electric vehicles independent from China
LONDON, July 16 (Reuters) – Growing demand for electric vehicles has spurred small-scale miners of the lithium, cobalt and rare earths that automakers rely on to develop mines and build
Tesla market value crosses $800 billion for the first time
(Reuters) – Shares of Tesla Inc jumped as much as 5.6% on Friday, pushing the electric-car maker’s market capitalization to more than $800 billion for the first time ever and
IronRidge Resources (LON:IRR) meeting today with Volkswagen
IronRidge Resources Limited (AIM: IRR, ‘IronRidge’ or the ‘Company’), the African focused minerals exploration company, is pleased to report that it had a well-received meeting today with Volkswagen (‘VW’) in
Tesla Faces Squeeze as Volkswagen Invests $800 Million in US Electric Car Plant
Tesla is under pressure now that Volkswagen, General Motors, and Ford ratcheted up their electric-car game. With these automobile juggernauts fighting for domination, competition in the electric vehicle field has never