September 09, 2024
The oil price has dropped significantly again. A barrel of US WTI oil now costs 67.67 dollars, after the peak in April of around 87 dollars per barrel. A barrel of Brent North Sea oil now costs about 71 dollars a barrel, down from more than 90 dollars in April. The price drop, the lowest […]
August 22, 2024
The Volkswagen ID. Buzz was introduced to the U.S. market last year, and there is already a proposition for a camper conversion. At the same time, VW itself is hesitating to launch an ID. Buzz California camper version in Europe for fear of lack of demand. On the contrary, an American converter, Peace Vans, already […]
August 22, 2024
Ford is recalibrating its electrification strategy yet again, canceling plans for a fully electric sport utility vehicle in a shift that may cost the carmaker around $1.9 billion. In addition to scrapping an all-electric three-row SUV that had already been delayed, Ford will postpone a next-generation electric pickup and reduce spending on EVs to 30% of […]
August 20, 2024
According to the Detroit News and Reuters, General Motors Co. is laying off more than 1,000 salaried employees globally in its software and services organization, including more than 600 employees working at its Global Technical Center in Warren (Michigan), to streamline its operations under new leadership. The layoffs represent about 1.3% of the company’s global […]
August 20, 2024
Most airlines still have a long way to go in using sustainable jet fuel, despite their promise to get at least 10% of their fuel from sustainable aviation fuel, or SAF, by the decade’s end. That’s according to an analysis by Bloomberg Green. American Airlines does not excel in the use of SAFs, while airlines […]
August 16, 2024
Acura, Honda’s premium North American brand, has unveiled the Performance EV Concept at Monterey Car Week. The electric SUV coupé previews a production model coming in 2025, built on Honda’s own EV platform and produced in Ohio at the Japanese manufacturer’s new EV Hub. It’s no secret that Honda has some catching up to do […]
August 16, 2024
Alarm bells are ringing on both sides of the Atlantic over the free fall of used EV prices. Studies indicate these are up to 40% lower than a comparable gasoline car. Facing surging pressure on their profits, some leasing companies are threatening to exit EV adoption and return to the drivelines that keep their business […]
August 06, 2024
Sources told the press agency Reuters that the US is considering banning software for connected and autonomous driving cars developed in a ‘foreign entity of concern’ like China as a matter of ‘national security’. The new rule envisioned would target Level 3 automation and above and Chinese-developed advanced wireless communications. That would mean Chinese cars […]
August 01, 2024
Last week, the Stellantis Group published its results for the first half of 2024, and they weren’t good. The net benefit for H1, € 5.6 billion, decreased by 48% compared to the record-breaking performance last year. Meanwhile, the manufacturer is confronted with delivery problems for its new, long-awaited enlargement of its electric portfolio. Turnover for […]
July 30, 2024
Europe’s biggest carmaker, Volkswagen, is investing one billion dollars in American electric van and pickup specialist Rivian and promising another $4 billion in the coming years. The German Federal Cartel Office has also given the deal the green light. For loss-making Rivian, losing up to $39,000 per car it produced, it’s a lifeline. For VW, […]
July 25, 2024
Ford’s energy transition has been challenging. Until now, America’s number two carmaker has lost money. Nevertheless, CEO Jim Farley says it will adapt its strategy and not change its vision on EVs. In Q2 2024, Ford lost $1.14 billion on its electric activities, which were compensated by good sales of all kinds of ICE vehicles […]
July 24, 2024
Cadillac has revealed the Sollei Concept, an exquisite two-door convertible that is, in fact, a Celestiq, Cadillac’s new high-luxury limousine, minus a roof and two doors. Once heralded as one of the premier luxury marques worldwide, Cadillac’s status faltered as its cars increasingly shared parts with other, more common General Motors vehicles. That is set […]
July 12, 2024
The US Department of Energy announced $1.7 billion in grant awards today to help automakers keep eleven troubled manufacturing plants open and start building EVs there. The 11 selected plants are located in eight different states and have been designated as “shuttered or at-risk” facilities. These plants were either recently shut down by car manufacturers […]
July 03, 2024
The US-based hydrogen truck manufacturer Hyzon is narrowing its focus further on North America. After shutting down its European production facility in the Netherlands, the company plans to leave the Australian market, one of the most significant contributors to its revenue, to focus on the North American waste truck business instead. The road ahead continues […]
July 01, 2024
In 2030, one in three cars sold worldwide will be Chinese, compared to one in five today. Chinese brands are well underway to catch 33% of the global car market by then, according to a study by financial advisory and international consulting firm AlixPartners. “The 21st edition of the AlixPartners Global Automotive Outlook finds Chinese […]
June 28, 2024
It’s official now: due to the 100% import taxes the Biden Administration imposes on EVs built in China, America will have to wait for the Volvo EX30 ‘made in Belgium’ to arrive. And that will be no sooner than 2025. People who had already paid a $500 deposit to make a reservation got a message […]
June 25, 2024
Aptera Motors, the Californian start-up for solar electric vehicles (SEV), wants to expand into new mobility industries by licensing its innovative solar technology. Retrofitting cars with solar panels can significantly boost their range. Aptera Motors is looking into various sectors to offer its propriety technology, not only automotive. Aptera is in the phase of scaling […]
June 07, 2024
The Manhattan congestion charge, planned for activation in late June this year, has been axed. New York State Governor Kathy Hochul announced the “indefinite suspension” of the controversial charge, which was modeled after similar low-emission zones in London, Stockholm, and Singapore. “I’ve made a tough decision: implementing the traffic tax puts too much at risk […]
June 07, 2024
Solid-state battery developer Factorial Energy has delivered B-samples of its cells to Mercedes-Benz. The German company is now integrating these into modules and battery packs before extensively testing them. The American company has also publicized an energy density value for the first time: 391 Wh/kg. According to Factorial Energy, the B samples are solid-state battery […]
May 31, 2024
Almost a year after the Chinese government first showed pictures of the upcoming Cadillac Optiq, the American manufacturer unveiled the mid-size electric SUV. The Optiq slots in below the Lyriq in Cadillac’s electric line-up and is also coming to Europe, likely in 2025. The Cadillac Optiq is a mid-size SUV with a length of 4.83 […]
May 31, 2024
Jeep’s first fully electric vehicle that stands on its own is the Wagoneer S. While it is not the first electrified vehicle by the manufacturer, it is the first that is not built based on a combustion model. Pictures of the car had already leaked out in January; now, the manufacturer has official ones, also […]
May 27, 2024
According to the media outlet Automotive News Europe, China plans to retaliate against the tariff hike from the Biden Administration, and a similar plan from the EU is expected within the coming weeks. China is considering elevating these duties from 15% to 25% Elevated tariffs from Chinese customs could impact US and EU automakers, exacerbating […]
May 27, 2024
Daimler Truck North America (Freightliner, Detroit Diesel) has detailed its end-of-life strategy for used electric truck batteries. The strategy uses a waterfall process in three stages: remanufacture, repurpose, and recycle. The company aims to achieve carbon neutrality for its entire operations by 2039. When debating the environmental benefit of electric drivetrains compared to traditional combustion […]
May 22, 2024
Honda has unveiled its Class 8 Hydrogen Fuel Cell Truck Concept at the Advanced Clean Transportation (ACT) Expo in Las Vegas. The concept truck is based on a Peterbilt chassis and offers up to 400 miles (644 km) of range, but Honda has no plans to produce the truck by itself. Along with Toyota and […]
May 22, 2024
Japanese truck manufacturer Hino Trucks (Toyota) and Norwegian zero-emission powertrain and storage specialist Hexagon Purus have joined forces to create Tern, a new zero-emission truck brand aimed at the US market. Their first RC8 model was unveiled at the Advanced Clean Transportation Expo in Las Vegas. The Tern RC8 is a short-haul battery-electric truck that […]
May 17, 2024
Carlos Tavares, the big boss of car giant Stellantis, with a total of 14 French, Italian, and American car brands under his wings, is crushing opposed to Joe Biden’s move to increase import taxes for Chinese cars in the US with 100% and the EU’s plans to do something similar. “When you put a bubble […]
May 15, 2024
“We will never let China control the market for this type of vehicle.” With those words, the President of the US, Joe Biden, announced that he would raise current import rates for Chinese EVs from 25% to 100%. Fearing an engulfment of cheaper Chinese electric cars, this doubles their retail price. Citing the impossibility of […]
May 10, 2024
Amazon says it is investing in electric vehicles worldwide and is now rolling out nearly 50 heavy-duty electric trucks from Volvo in Southern California. They will share the Californian roads with 13,500 custom-built Rivian electric vans, a fleet that should be expanded to 100,000 vans by 2030. The fully electric trucks will haul cargo containers […]
May 03, 2024
German technology conglomerate Siemens may build the railcars for the first high-speed rail line in the US between Los Angeles and Las Vegas. Brightline, which is leading the project, has announced this. A fleet of ten railcars is involved. Siemens will also build a plant in the US to manufacture the ‘American Pioneer 220’ (AP […]
May 02, 2024
Tesla CEO Elon Musk has almost entirely fired the team – some 500 people – responsible for the Supercharger network, including Rebecca Tinucci, senior director of EV charging, who talked the whole car industry in America into adopting Tesla’s NACS standard. Musk earlier said that cutting 10% of the 140,000 jobs would be necessary to […]
April 26, 2024
Honda has announced building four electric vehicle and battery plants in Canada, which is increasingly becoming an eldorado for the global electric vehicle industry. The move from the Japanese automaker marks the largest automotive investment in Canadian history, representing a historic €10.2 billion investment. Honda CEO Toshihiro Mibe announced during a press conference in Alliston, […]
April 26, 2024
Ford Motor Company reported in its first-quarter results a whopping 84% plunge in revenue from its all-electric Model e division. While the commercial department is demonstrating positive growth, and the Detroit giant exceeded overall expectations, it is grappling with substantial challenges in its electric vehicle (EV) sector. Overall, the news isn’t bad. Recording $42.8 billion […]
April 24, 2024
In its Global EV Outlook, the International Energy Agency (IEA) predicts a “robust” 20% growth in electric vehicle (EV) sales for the entirety of 2024. This optimistic projection positions the year to shatter previous records, with an estimated 17 million EVs expected to be sold. The findings are surprising as they collide with earlier signs of […]
April 12, 2024
Officials failed to reach on agreement on EV subsidies for cars exported from the EU to the US. The recent negotiations were considered a last chance before presidential elections might turn the tables. However, negotiations will continue. The EU and the US have held talks for some time to reach a bilateral agreement over EV […]
April 05, 2024
New Jersey, the US’s ‘Garden State’, is imposing the highest road tax on electric vehicles nationwide, requiring a $250 fee yearly, increasing by $10 each year to top off at $290 in 2028. The money is used for the state’s Transportation Trust Fund to maintain roads, railways, and bridges. While EVs worldwide are mostly exempted […]
April 02, 2024
Alliance partners Nissan and Mitsubishi have been collaborating since 2016 in their home market of Japan. Still, a plan has been formed to extend this pooling of resources to North America. A Mexico-built 1-ton pickup truck and a plug-in hybrid vehicle for Nissan are first on the agenda to strengthen both brands in the US. […]
April 01, 2024
China has escalated its confrontation with the United States over electric vehicle (EV) subsidies by filing a complaint with the World Trade Organization (WTO). Beijing deems the practices under the US Inflation Reduction Act (IRA) “discriminatory”. It feels targeted in particular and believes they are a form of unfair competition in the changing automotive market. […]
March 21, 2024
President Joe Biden is pushing the American car industry toward reducing CO2 emissions by 50% in 2032 compared to 2026, as first announced last year in April. However, under pressure from carmakers and unions, he has allowed a more ‘lenient’ path to achieving that in the 2027-2030 period, with no longer stringent quotas for the […]
March 07, 2024
Ford has updated the full-size E-Transit in the US, boosting the range by 26 to 32 percent thanks to a new 89 kWh battery. The electric van also gets 49 percent faster charging while the price only increases slightly for the American market. A European launch has not yet been announced. The 2022 E-Transit was […]
