Chinese freight containers on the map of Europe. Import of Chinese goods concept. 3D rendered … [+] illustration. getty The European Union has imposed preliminary fine increases on Chinese electric vehicles. European carmakers do not know when the expected retaliations will come and how severe they will be. The EU on Thursday raised tariffs to … Read more
SIR JIM Ratcliffe’s Ineos has announced it is delaying the launch of its first ever electric vehicle – just months after it was unveiled. The Ineos Fusilier SUV was initially scheduled to go into production in 2027, with a fully electric and plug-in hybrid engine option. Sir Jim Ratcliffe, chairman and founder of Ineos, unveiled … Read more
Brussels accuses Beijing of giving its carmakers huge subsidies, leading to artificially low prices and unfair competition. ADVERTISEMENT The European Commission has confirmed what seemed a preconceived conclusion: it will impose high tariffs on electric vehicles (BEVs) produced in China from 5 July. This is a major decision that will redefine relations with Beijing and … Read more
The first Tesla Cybertruck is on sale in the UK, although drivers still don’t know whether it is LEGAL to drive on the road there. An imported silver version of the futuristic 2024 vehicle is listed for sale on Autotrader for £145,995. This is the first version to be offered to buyers in the UK. … Read more
One of Britain’s most popular electric cars has a “potentially dangerous” problem that could put drivers and other road users at risk, according to a consumer watchdog. Product testing group Which? says it discovered the problem in the UK’s second best-selling electric car, the MG 4, during controlled and repeated tests the company carries out … Read more
ELON Musk has thanked his besotted Tesla shareholders after receiving the world’s largest ever pay package. The CEO of the car giant was supported by his team and received a whopping pay increase totaling more than $56 billion, as a beaming Musk declared his love for everyone who helped him get the cash bonus. Elon … Read more
German automakers such as BMW, Mercedes-Benz and Volkswagen could be hit hard by retaliatory tariffs because they all have huge production plants in China. ADVERTISEMENT Germany could try to stop the European Union from imposing higher tariffs on Chinese electric vehicles (EVs), which will reportedly come into effect on July 4, or at least weaken … Read more
A key point of consensus regarding global oil demand is the expectation that it will remain robust, driven by a combination of factors including economic recovery, increased travel and rising industrial activity in non-OECD countries. The only major body not seeing sustained, massive growth is the International Energy Agency (IEA), which revised its figures this … Read more
Carmakers have warned that their “attractive offers” on electric vehicles, aimed at boosting falling demand, are “unsustainable” and said the next government must step in to boost private sales. It comes as sales of electric vehicles to the general public fell by a further 2 percent in May, despite brands offering significant discounts in showrooms. … Read more