Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric vehicle maker VinFast, with its shares near multi-year lows as foreign investors sell and its borrowing costs rise.
Trump’s new executive order ending the EV mandate could give companies more leeway in the EV transition, but it is not expected to save jobs in the long term.
German Chancellor Olaf Scholz on Tuesday divulged that the commission was considering an EU subsidy programme that he had proposed. The German government scrapped its own scheme abruptly in 2023, leading to a plunge in EV sales.
"We actually no longer call it EV. We call it EIV. 'I' stands for intelligent," Pan Jian, a cochair of CATL, told a WEF panel in Davos, Switzerland.
Tata Motors, India's biggest electric car maker, is betting that locally manufactured EV batteries will help it maintain its edge in an industry where competition is intensifying with new launches, its group CFO said in an interview.
The status of federal grant awards for EV charging and other environmental initiatives that were announced before Trump's Monday inauguration remain in question, said Charles Griffith, director of the climate and energy program for the Ecology Center, an environmental group headquartered in Ann Arbor.
Policy experts say the implications of Donald Trump’s executive order for EV owners—and the EV-curious—won’t be clear for a while.
Trump indicated he is likely to seek to repeal a $7,500 tax credit for new EV purchases approved by Congress as part of Biden's landmark 2022 climate law.
U.S. President Donald Trump on Monday took aim at electric vehicles, revoking a 2021 executive order signed by his predecessor Joe Biden that sought to ensure half of all new vehicles sold in the United States by 2030 were electric.
Try using your seat and steering wheel warmers instead of the heater. Warm up your car before you get in with your EV’s app. Be aware that charging may take more time in cold temperatures. Plan accordingly. Keep your battery’s charge above 20%.
President Trump rescinded goals set by the Biden administration for the production of EVs. Here's what we know about its local impact.
The executive order "Unleashing American Energy" also kills off former President Biden's goal of increasing EV adoption to 50 percent of all new vehicle sales by 2032. The order claims that it is ensuring "consumer choice" and "a level regulatory field" for vehicle sales.