Auto Industry News
Biden Awards $2.8 Billion To Boost U.S. Minerals Output For EV Batteries
The grants, which are going to projects across at least 12 states, mark the latest push by the Biden administration to help reduce the country's dependence on China and other nations for the building blocks of the green energy revolution.
Automakers Need More Time To Meet U.S. Minerals Requirements For EVs - Execs
Oct 27, 2022 01:42 PM
The Inflation Reduction Act, as currently written, requires automakers to have 50% of critical minerals used in EV batteries come from North America or U.S. allies by 2024, rising to 80% by the end of 2026.
Tesla Investors To Focus On Demand Issues In Earnings Report
Oct 27, 2022 01:42 PM
Decades-high inflation, rising energy bills in Europe and signs of a weakening China market have raised doubts among some analysts about whether Tesla can buck an economic slowdown and continue to raise prices without hurting its sales.
Oil Prices Settle Lower On U.S. Supply, Lower China Demand
Oct 27, 2022 01:42 PM
Brent crude futures settled down 1.7%, to $90.03 per barrel, while U.S. West Texas Intermediate (WTI) crude settled down 3.1%, to $82.82 per barrel on Tuesday
Tesla Tops Battery-Electric Vehicle Registrations In Germany, Beating Volkswagen
Oct 27, 2022 01:42 PM
As per federal data, Tesla topped registrations of battery-electric vehicles in Germany in the first nine months of this year at nearly 38,500 beating the Volkswagen brand by around 6,000 vehicles.
Stellantis Eyeing Two More North American Battery Plants By 2030
Oct 27, 2022 01:42 PM
The automaker has already announced two joint-venture battery plants - one in Indiana and the other in Canada.
BYD Flags Huge Quarterly Profit Jump As China Sales Surge Past Tesla
Oct 27, 2022 01:42 PM
BYD's combined sales of pure electric and hybrid plug-in vehicles increased 250% in the first nine months to 1.2 million units.
E-Bus Deal Puts Oslo On Track For Zero-Emissions Public Transport Goal
Oct 27, 2022 01:42 PM
The transport push entails replacing its diesel-fuelled buses with 450 electric ones, under a 500 million crown ($47 million) programme
Indian Car Makers Propose Tax Cut On Imports In Trade Deal With Britain
Oct 27, 2022 01:39 PM
Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal with Britain.
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