China Overwhelming Market with Unwanted Gasoline Cars While Promoting EVs Domestically
In China, a vast number of gasoline-powered vehicles remain unsold while electric vehicles (EVs) increasingly replace them, a situation that is impacting emerging and secondary markets, according to a report from Reuters. China is quickly shifting towards EVs, which now represent about fifty percent of the domestic market. This shift has, unsurprisingly, hurt traditional gasoline […]
Nearly 13,000 Tesla EVs are recalled due to battery concerns
Tesla Issues Recall for Nearly 13,000 Vehicles Over Battery Issue The National Highway Traffic Safety Administration (NHTSA) announced that Tesla is recalling 12,963 vehicles in the U.S. due to a problematic battery pack component that might lead to unexpected power loss. Elon Musk’s Tesla is tackling some hurdles with this latest recall. The NHTSA revealed […]
Tesla settles wrongful death case involving one of its EVs
Tesla has resolved the real estate and illegal death cases of a man who died in a collision, including one of the company’s electric vehicles (EVs). Elon Musk’s EV Company has reached an agreement between Clyde Leach and his wife Donna Leach and his wife Donna Leach, according to a court filed Monday. The submission […]
Rare Earth Minerals Affected by China Export Ban Used in EVs, Green Energy, and Military Tech
China has restricted exports of several important rare earth minerals to the United States in response to President Donald Trump’s increased tariffs. The restrictions do not fall below the complete ban, but will likely delay the delivery of minerals needed by defense, energy and electronic companies. The term “rare earth mineral” is sometimes widely used […]
Elon Musk’s Tesla Suspends Orders for American-Made EVs in China as Trade War Escalates
Tesla has suspended new orders for China's Model S and Model X vehicles as communist and US exchanges will take a hit in the trade war. Unlike several other Tesla EVs, Elon Musk's Company exports S and X models from the US to China. Reuters Report As a continuous tension in trade between the US […]
Firebugs Destroy 4 Tesla EVs in Berlin
In a series of incidents that unfolded overnight, the arsonists destroyed four Tesla EVs in Berlin, Germany, as violence and destruction against Elon Musk and his car company. Newsweek Report Earlier on Friday morning, the Berlin arsonist committed a wave of attacks targeting Tesla vehicles as the backlash against Elon Musk and his electric vehicle […]
EVs Will Create Additional Issues Fighting Fires
In a portion of an interview aired on CNN's “Outfront” broadcast Friday, San Diego Fire and Rescue Battalion Chief Rob Rezende said electric vehicles and their batteries pose additional problems in fighting recent fires in California. He said he was deaf. “Just last month, the EPA approved states' ambitious plans to end sales of new […]
Startup It’s Electric is changing the way NYC charges EVs
Brooklyn-based startup It's Electric is reinvigorating the electric vehicle charging game in New York City. Public roadside chargers are installed in front of commercial facilities and residential areas, and the owners are compensated for the electricity supplied. This comes as the United States aims to have half of its cars sold electric by 2030. In […]
Banks to fund EVs, efficient homes and SMEs – DAWN.com
ISLAMABAD: As the government seeks greater financial inclusion, the banking industry has offered loans to efficient homes, electric vehicles and small and medium-sized enterprises, conditional on improved availability of consumer scorecard data. At a meeting chaired by Finance Minister Mohammad Aurangzeb, the banking industry sought support from utilities, particularly gas, electricity and telecom companies. These […]
GM slashing 1,000 white-collar jobs in cost-cutting move to focus on EVs
General Motors is laying off about 1,000 employees worldwide and cutting costs as it aims to compete in the crowded global auto market. Workers, who are mostly white-collar workers, were informed of the decision early Friday morning. The company confirmed the layoffs in a statement, but provided few details. GM and other automakers are making […]