GM’s electric vehicle drive shows oil demand from LVs has peaked: IHS Markit
Automobile giant GM announced that it aims to phase out sales of oil-powered light vehicles (LVs) by 2035.
The announcement – a part of a...
Ford invests $1 bn in electric passenger plant in Germany
Automobile major Ford is investing $1 billion in an electric vehicle production facility in Cologne, Germany, with the European arm of the automotive giant committing...
SolarEdge wins deal to supply battery for Fiat E-Ducato vehicle
SolarEdge Technologies has won a deal to supply electrical powertrain units and batteries for the production of the Fiat E-Ducato light commercial vehicle.
“We are...
Jaguar Land Rover plans $3.5 bn investment for e-vehicles
Jaguar Land Rover’s car range will be fully electric by 2030 as the carmaker joins a global race to develop zero-emission models to get...
EU should aim for 1 mn charging points for EVs by 2024: ACEA
The European Automobile Manufacturers’ Association (ACEA) has urged European Union to set binding targets for one million public charging points for electric vehicles by...
Elon Musk puts up $100 mn for global carbon reduction competition
Tesla Inc boss and billionaire entrepreneur Elon Musk is offering a $100 million prize in a four-year global competition to find a way of...
Electric vehicle sales surge 39% as overall car market collapses: Canalys
The global sales of electric vehicles (EVs) in 2020 increased 39 percent to 3.1 million units, according to Canalys.
This compares with a sales decline of...
Ford Motor to double investment in EV business
Ford Motor more than doubled the amount of money it plans to invest on electric and autonomous vehicles, to $29 billion.
The No. 2 U.S....
Ford Motor drops electric vehicle plans with China’s Zotye
U.S. auto giant Ford Motor has decided to terminate plans to launch electric vehicle joint ventures with China’s Zotye Automobile.
Ford Motor said that China’s...
EU electric vehicle push needs 80 billion euros for chargers
An EU plan for a 50-fold increase in electric cars this decade to help cut greenhouse gas emissions will require an 80 billion euro...
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