GM new logo reflects EV business

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 Motor EV business

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 solutions

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 image from Telegraph

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...
Ubitricity EV charging

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...
Tesla showroom in New Jersey

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...
EV business volume in 2020

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 EV business

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 Logo

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...
Ubitricity EV charging

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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