electriccar
Uber drivers in London without electric vehicles (EV) will receive a £5,000 grant to help them switch to an EV — new or used — in a bid to boost electrification, the company announced today (May 20). The multinational transportation company partnered with bp Pulse to support drivers with free charging and is offering additional £12,000 to £17,000 to be used when purchasing a range of EV vehicles. As of tomorrow (May 21), all Uber EV drivers will be eligible for three months of free charging credits worth £750 and then an exclusive charging rate through bp Pulse, according to a press statement....
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Sales will begin in September for Belgium, France, Italy, Germany, Greece, Netherlands Romania, Spain and Portugal, Stellantis CEO Carlos Tavares said at a news event in Hangzhou. From Q4, electric vehicles will also be sold to countries in South America, Middle East and Africa, as well as India and the Asia Pacific, Tavares said. Stellantis and Leapmotor, an EV startup, did not provide details on where the electric vehicles would be produced, but that the location must have the “capacity available to support the sales” and meet quality criteria and cost competitiveness. The models launched wi...
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BMW Group reported a pre-tax profit of €4,162 million in the first quarter of 2024, representing a significant decline of 18.9% compared to the same period last year. Overall sales experienced a modest 1.1% increase, reaching more than 594 thousand vehicles, as demand expanded across electric cars, which comprised 13.9% of deliveries, representing a notable 26.4% rise as compared to the same period last year. According to the German automaker, the decline was primarily attributed to increased production costs and fixed costs, as well as intensifying competition. Sales grew in many countries, e...
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There is an alarming gap between the current charging infrastructure and that of necessary to reach the climate targets of Europe by 2030, according to a study by the European Automobile Manufacturers’ Association (ACEA). Electric cars sales have sped up in the past years, increasing 18-fold between 2017 and 2023 and three times faster than charging point installation in the same period, said the ACEA report. However, installing charging stations has to speed up if the EU wants to meet its climate targets, says the ACEA. "We need mass-market adoption of electric cars in all EU countries to ach...
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Electric cars will have to become cheaper in Europe, one of the key steps to avoid jeopardising the continent's 2050 climate goals, suggest the latest studies from the EU's external auditor. The European Court of Auditors (ECA) released an overview of its four recently published special reports, giving a stark warning to the EU about its current policies for decarbonising the transport sector (accounting for 25% of the overall CO2 emissions). To achieve net zero by 2050, the 27 member states have to significantly curtail carbon emissions from internal combustion engine (ICE) cars, find viable ...
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Tesla has endured a harsh selloff in the first quarter, with shares plummeting by nearly 30% as the EV maker grappled with growth bottlenecks amid fierce competition from Chinese rivals and diminished consumer demand. Price cuts implemented in the second half of 2023 have notably compressed its profit margin, coupled with a marked deceleration in revenue growth due to weakened consumer demand. Below is a glimpse into Tesla's forthcoming fiscal 2024 first-quarter earnings, exploring its prospective growth trajectory and potential share price movements in light of the outcome. Tesla's Q1 EV deli...
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The company said in its latest financial update on 10 April that sales of all-electric vehicles declined by 24% in Europe, while sales grew by 91% in China, year-over-year. However, overall, the company said it increased its vehicle deliveries by 3% to 2.10 million vehicles with the main drivers being China, South America and North America. "Vehicles with combustion engines increased by 4% to 1.97 million units, overcompensating the slight decline of 3% to 136,400 all-electric vehicles (BEV). In this segment, strong growth in China (+91%) did not fully offset the decline in Europe (-24%). "How...
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As some classic car enthusiasts opt for greener and cheaper choices, converting classic cars to electric is becoming increasingly common. At a car show in Birmingham, UK, a Gordon-Keeble boasts an electric motor under the bonnet. Only 99 Gordon-Keebles were built, so it's already a rare sight but this unique model is the only electric version in existence. "I'm not a great lover of electric cars, to be perfectly honest. But this one had a new lease of life because it had an electric motor put into it. I don't think it really wouldn't have been out and being used if it hadn't have had that happ...
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Elon Musk's Tesla is back in the news, with shares see-sawing to the upside once more, following the company's recent Robotaxi announcement. The rise came after the company saw shares falling after disappointing Q1 2024 delivery numbers, revealed in early April. Further speculation of the electric vehicle (EV) company scrapping plans for a cheaper $25,000 (€23,027.75) vehicle have been met with dismay from European and global Tesla fans alike. Although Musk attempted to deny the rumours, investors and clients were not convinced and shares lower. The continuing streak of losses has prompted the...
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Tesla has settled a lawsuit brought by the family of a Silicon Valley engineer who died in a crash while relying on the company’s semi-autonomous driving software. The amount Tesla paid to settle the case was not disclosed in court documents filed on Monday, just a day before the trial stemming from the 2018 crash on a San Francisco Bay Area highway was scheduled to begin. In a court filing requesting to keep the sum private, Tesla said it agreed to settle the case in order to “end years of litigation". The family of Walter Huang filed a negligence and wrongful death lawsuit in 2019 seeking to...
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