For consumers shopping for an EV, new rules mean fewer models qualify for a tax credit
11 months, 2 weeks ago

For consumers shopping for an EV, new rules mean fewer models qualify for a tax credit

Associated Press  

DETROIT — U.S. consumers looking to get a tax credit on an electric vehicle purchase have fewer models to choose from under new rules that limit the countries where automakers can buy battery parts and minerals — a potential blow to efforts to reduce planet-warming emissions from autos. And leased EVs aren’t affected by the new rules because they’re considered “commercial vehicles,” not subject to the same manufacturing and battery content requirements. Christina Burns, a sales and marketing coordinator in Tulsa, Oklahoma, said she’ll be looking to buy a new vehicle later this year and would like to get something good for the environment. But due to uncertainty over tax credits, the higher upfront cost and concerns over charging, she’s planning on a hybrid or an efficient gas-powered vehicle rather than an EV.

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History of this topic

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China
2 weeks, 1 day ago

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China

Firstpost  

By the end of November, BYD had already delivered 3.76 million vehicles, including over 500,000 units in November alone, putting it on track to surpass its 4 million sales goal for the year The robust performance in China—where over 90 per cent of BYD’s sales occur—places the company ahead of Honda and Ford in global rankings for 2024. Image Credit: …

Nation poised to hold more than half of global EV fleet by 2025
3 weeks, 4 days ago

Nation poised to hold more than half of global EV fleet by 2025

China Daily  

By Liu Yukun | China Daily | Updated: 2024-11-29 08:59 Potential car buyers check out an NEV in Xiangyang, Hubei province. YANG DONG/FOR CHINA DAILY International consulting firm Gartner recently forecast that global electric vehicle ownership would rise significantly to hit 85 million by 2025, with China accounting for over half of the global EV fleet. Experts highlight that as …

Auto industry’s shift toward EVs is expected to go on despite Trump threat to kill tax credits
4 weeks ago

Auto industry’s shift toward EVs is expected to go on despite Trump threat to kill tax credits

Associated Press  

DETROIT — If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it’s likely that fewer buyers will choose EVs. Trump’s argument — one that most economists dispute — is that a rapid U.S. shift toward electric vehicles would lead to most EVs being made in China and would swell prices for …

Trump can get EVs back on track
4 weeks, 1 day ago

Trump can get EVs back on track

Live Mint  

Federal and state governments have been trying to persuade Americans to buy battery-electric vehicles using mandates and taxpayer-financed incentives. The incoming administration can course correct by replacing these mandates and subsidies with policies that give customers affordable options while helping reduce greenhouse gas emissions. Data from the Environmental Protection Agency show that, between 2017-22, Toyota outpaced all other manufacturers in …

The EV Buyer’s Guide to an Uncertain Future
1 month ago

The EV Buyer’s Guide to an Uncertain Future

Wired  

It’s a confusing time to be a prospective electric vehicle buyer. Power earlier this year that they’re “overall likely” to consider going electric; 24 percent said they were “very likely.” EVs are definitely better for the environment, they generally cost less to maintain and fuel, and drivers report they’re very fun behind the wheel. Reuters first reported that officials with …

The withering dream of a cheap American electric car
1 month, 1 week ago

The withering dream of a cheap American electric car

Live Mint  

The dream of a $25,000 electric vehicle for U.S. drivers is in trouble. Musk isn’t alone in taking a sour view of making a cheap EV for the U.S. “That market sucks,” Peter Rawlinson, chief executive of Lucid Motors, told me and my colleague Christopher Mims for our new podcast, called “Bold Names.” Lucid which has begun taking orders for …

How electric car sales have slumped around the world
1 month, 3 weeks ago

How electric car sales have slumped around the world

Daily Mail  

Electric vehicles have been touted as an environmentally-friendly solution to the climate crisis, giving passengers a smooth, emissions-free ride. Meanwhile, Chinese car manufacturer BYD – the world's largest seller of electric vehicles – saw global EV sales crash earlier this year. Electric vehicles run on energy from a charged battery much like a smartphone but come with hefty pricetags – …

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says
2 months, 1 week ago

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Discounts fail to help drive EV sales in US
4 months, 1 week ago

Discounts fail to help drive EV sales in US

China Daily  

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. In 2023, EV sales grew nearly 50 percent, according to data from Motor Intelligence, a vehicle sales data provider in the US. Consumer interest in buying EVs and hybrids is vastly different in China, where sales sped past internal-combustion-engine cars for the first time last …

Gas or electric? Splitting the difference could energize Chinese automakers
4 months, 3 weeks ago

Gas or electric? Splitting the difference could energize Chinese automakers

Live Mint  

Plug-in hybrids, which have both an internal combustion engine and an electric motor, are increasingly seen as the best of both worlds. Global PHEV sales grew 50% year over year in the first five months of 2024, according to Bernstein—far better than the 9% pace for pure electric vehicles. J.P. Morgan says they could account for 60% of new-energy vehicle …

Secrets behind global success of Chinese EVs
4 months, 4 weeks ago

Secrets behind global success of Chinese EVs

China Daily  

WANG XIAOYING/CHINA DAILY Editor's note: The world has undergone many changes and shocks in recent years. For this purpose, the China Watch Institute of China Daily and the National Institute for Global Strategy, Chinese Academy of Social Sciences, jointly present this special column: The Global Strategy Dialogue, in which experts from China and abroad will offer insightful views, analysis and …

Secrets behind global success of Chinese EVs
4 months, 4 weeks ago

Secrets behind global success of Chinese EVs

China Daily  

WANG XIAOYING/CHINA DAILY Editor's note: The world has undergone many changes and shocks in recent years. For this purpose, the China Watch Institute of China Daily and the National Institute for Global Strategy, Chinese Academy of Social Sciences, jointly present this special column: The Global Strategy Dialogue, in which experts from China and abroad will offer insightful views, analysis and …

EV: Keys for climate fight wins
5 months ago

EV: Keys for climate fight wins

China Daily  

WANG XIAOYING/CHINA DAILY Every summer is a reminder of the urgency of climate change. In 2023, the number had soared to 9.50 million, even though purchasing subsidies was started to be phased out from 2016 and completely done around 2022.The high penetration rate of new energy vehicles in China stems from its large production capacity and cost effectiveness, which functions …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

Electric cars: EV sales are slumping—but that doesn’t mean they're dead.
5 months, 1 week ago

Electric cars: EV sales are slumping—but that doesn’t mean they're dead.

Slate  

It’s tough to gauge how well the United States’ burgeoning electric vehicle industry is faring in 2024. EV ownership is increasingly politicized, in both directions—liberals horrified by Elon Musk’s far-right turn are fueling the Tesla sales slump, while right-wingers fearmonger over foreign EV companies and want to get electric cars off the road altogether. You can see this in the …

The way forward for investments in the EV space | Explained
5 months, 1 week ago

The way forward for investments in the EV space | Explained

The Hindu  

The story so far: According to media reports, the government is looking to expand the scope of its electric vehicle policy, announced in March, to include a retrospective effect. The policy announced in March aimed to provide Indian consumers with access to the latest technology and strengthen the EV ecosystem by encouraging healthy competition among EV players by attaining higher …

Chinese electric cars to power your home in Octopus deal
5 months, 1 week ago

Chinese electric cars to power your home in Octopus deal

The Telegraph  

BYD is testing the system at a new green technology “superhub” in Manchester established by Kraken, the software division of energy giant Octopus, which has also partnered with other major car brands such as Ford and Tesla. The move underlines BYD’s plans to grow its sales in the UK, where it is hoping to become a leading player in the …

German car manufacturers under pressure
5 months, 4 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at …

German car manufacturers under pressure
5 months, 4 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at …

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
6 months, 1 week ago

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The European Commission, the EU’s executive arm, said the …

Many Americans are still shying away from EVs despite Biden’s push, an AP-NORC/EPIC poll finds
6 months, 2 weeks ago

Many Americans are still shying away from EVs despite Biden’s push, an AP-NORC/EPIC poll finds

Associated Press  

WASHINGTON — Many Americans still aren’t sold on going electric for their next car purchase. About 4 in 10 U.S. adults say they would be at least somewhat likely to buy an EV the next time they buy a car, according to the poll by The Associated Press-NORC Center for Public Affairs Research and the Energy Policy Institute at the …

China's new-energy sector draws interest of global investors
7 months ago

China's new-energy sector draws interest of global investors

China Daily  

Tesla showcases its charging piles and electric vehicles at the 2023 Consumer Technology and Innovation Show on May 30 in Shanghai. Experts said China's fast-growing green technologies and its thriving new-energy market have heightened the country's magnetism for foreign investors, particularly auto firms keen on turbocharging the electrification trend. "The influx of investments by international carmakers has shed light on …

Ways to sharpen EV sector's competitive edge
7 months ago

Ways to sharpen EV sector's competitive edge

China Daily  

Employees work on the assembly line of a new energy vehicle manufacturer in Chongqing. However, some Western politicians and media have been hyping China's "overcapacity" in the EV sector, which is nothing but a ploy to use trade protectionist policies to overprotect their industries and contain China's industrial development. According to China Association of Automobile Manufacturers data, in 2023, China's …

Editorial: China embraced electric vehicles. The U.S. didn’t. Now we’re paying the price
7 months, 1 week ago

Editorial: China embraced electric vehicles. The U.S. didn’t. Now we’re paying the price

LA Times  

A BYD Seagull electric vehicle is displayed at the Caresoft Global facility in April in Livonia, Mich. For shoppers who want to buy an electric car but have been put off by the steep price tag, the news this week that President Biden has hiked tariffs on Chinese-made EVs to shut them out of the U.S. market is not good. …

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets
7 months, 1 week ago

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

Associated Press  

TOKYO — Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen through fiscal 2031 to deliver EV models around the world, including the U.S. and China. The so-called “0 Series,” a key part of Honda’s EV strategy, will be a totally new EV series created from “zero,” Chief Executive Toshihiro Mibe told …

Morocco’s automotive industry shifts gears to prep for electric vehicle era
7 months, 1 week ago

Morocco’s automotive industry shifts gears to prep for electric vehicle era

Associated Press  

TANGIERS, Morocco — A train that travels from rural northern Morocco to a port on the Mediterranean Sea carries no passengers. French automaker Renault, the country’s largest private employer, calls Morocco “Sandero-land” because it produces nearly all of its subcompact Dacia Sanderos there. He said the industry is likely to continue growing because Morocco’s “integration rate” — the percentage of …

5 takeaways from Biden's tariff hikes on Chinese electric vehicles
7 months, 1 week ago

5 takeaways from Biden's tariff hikes on Chinese electric vehicles

NPR  

5 takeaways from Biden's tariff hikes on Chinese electric vehicles Enlarge this image toggle caption STR/AFP via Getty Images STR/AFP via Getty Images President Biden has quadrupled tariffs on electric vehicles from China — from 25% to an eye-watering 100% — in a move designed to bolster U.S. jobs and manufacturing. There's bipartisan concern that if those cars were sold …

China's EV industry driving global green development
7 months, 2 weeks ago

China's EV industry driving global green development

China Daily  

SHI YU/CHINA DAILY Certain US and European politicians have been pointing fingers at China's electric vehicle industry. However, it is absurd for them to criticize China's EV sector, which plays a significant role in driving global green development. BEVs and plug-in hybrid EVs represented 15.8 percent of global light vehicle sales last year, with China boasting the highest market share …

South Korea plans $7 billion push to pivot EV battery industry away from China
7 months, 2 weeks ago

South Korea plans $7 billion push to pivot EV battery industry away from China

Live Mint  

South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade guidelines. The financial aid, which involves cheaper state loans and tax incentives, will help local EV-battery makers source critical minerals from the U.S. and U.S. free-trade partners. When Korea’s trade minister, Ahn Duk-geun, met with local …

US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits
7 months, 3 weeks ago

US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits

Associated Press  

DETROIT — The U.S. government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs eligible for credits of up to $7,500 but leading critics to accuse the Biden administration of helping China. West Virginia Sen. Joe Manchin, the Democratic chairman of the Senate Energy and Natural Resources Committee, said that through the new rule, the …

Crisis or opportunity: traditional automakers in EV race
7 months, 3 weeks ago

Crisis or opportunity: traditional automakers in EV race

China Daily  

A BYD vehicle on display during an expo in Paris, France. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like Toyota and the advantages of emerging players, and provides insights into the future development of the industry. Toyota, the reigning champion of gasoline vehicles, has actively downplayed EVs and even hindered the …

Crisis or opportunity: traditional automakers in EV race
7 months, 3 weeks ago

Crisis or opportunity: traditional automakers in EV race

China Daily  

A BYD vehicle on display during an expo in Paris, France. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like Toyota and the advantages of emerging players, and provides insights into the future development of the industry. Toyota, the reigning champion of gasoline vehicles, has actively downplayed EVs and even hindered the …

How Beijing buried Western industry under a wave of cheap electric cars
8 months ago

How Beijing buried Western industry under a wave of cheap electric cars

The Telegraph  

China’s EV industry is benefiting from low labour costs, economies of scale from a large home market and a command economy that made battery and EV production a focus of China’s five-year plan introduced in 2021. BYD, which last year briefly eclipsed Tesla as the world’s biggest EV maker, plans to start production in Thailand this year with an annual …

China continues to drive global EV expansion
8 months ago

China continues to drive global EV expansion

China Daily  

The BYD EV Dolphin Mini is displayed as the Chinese electric-vehicle producer announces the launch of the low-cost EV in Mexico City, Mexico on Feb 28. Newly published figures in the International Energy Agency's annual Global Electric Vehicle Outlook show that in the first quarter of 2024, sales grew by around 25 percent compared to the same period last year, …

China's EV charging infrastructure sees robust growth in Q1
8 months, 1 week ago

China's EV charging infrastructure sees robust growth in Q1

China Daily  

A villager uses newly established facilities to charge her electric car in Badong county, Hubei province, on Feb 2. WEN LIN/FOR CHINA DAILY BEIJING -- China's electric vehicle charging infrastructure experienced steady growth in the first quarter of 2024, according to industry data. The China Electric Vehicle Charging Infrastructure Promotion Alliance reported the addition of 716,000 charging piles during the …

Chinese EVs can overcome headwinds in global markets
8 months, 1 week ago

Chinese EVs can overcome headwinds in global markets

China Daily  

Visitors look at BYD's electric vehicle "Sealion" during the 45th Bangkok Motor Show in Bangkok, Thailand, March 26, 2024. China's electric vehicle industry has become increasingly competitive in the global market thanks to the country making rapid advancements in EV technology, manufacturing capability and quality production. Chinese EV makers have also developed competitive electric power trains and battery packs, and …

Chinese EVs can overcome headwinds in global markets
8 months, 1 week ago

Chinese EVs can overcome headwinds in global markets

China Daily  

Visitors look at BYD's electric vehicle "Sealion" during the 45th Bangkok Motor Show in Bangkok, Thailand, March 26, 2024. China's electric vehicle industry has become increasingly competitive in the global market thanks to the country making rapid advancements in EV technology, manufacturing capability and quality production. Chinese EV makers have also developed competitive electric power trains and battery packs, and …

Is there overcapacity in China's EV sector?
8 months, 1 week ago

Is there overcapacity in China's EV sector?

China Daily  

Visitors look at an electric MG Cyberster during the 45th Bangkok International Motor Show in Bangkok, Thailand on March 27. Purely electric vehicles account for over 70 percent of China's new energy vehicle sales. "The production and sales growth is basically synchronized, indicating the strong demand and vitality of China's electric vehicle market," said Kong Dongmin, a professor in economics …

Demand for electric cars slows sharply as customers revert to petrol
8 months, 2 weeks ago

Demand for electric cars slows sharply as customers revert to petrol

The Telegraph  

Electric car demand has slowed sharply in a sign that drivers are turning back to petrol. The market share of battery electric vehicles declined last month, the Society of Motor Manufacturers and Traders said. What gains EVs did achieve in March were driven entirely by fleet and business purchases, with sales to ordinary drivers dropping, the SMMT said. Concerns about …

China to challenge Biden’s electric vehicle plans at the WTO
8 months, 4 weeks ago

China to challenge Biden’s electric vehicle plans at the WTO

Associated Press  

BEIJING — China filed a World Trade Organization complaint against the U.S. on Tuesday over what it says are discriminatory requirements for electric vehicle subsidies. But under a new U.S. rule that took effect Jan. 1, electric car buyers are not eligible for tax credits of $3,750 to $7,500 if critical minerals or other battery components were made by Chinese, …

Biden administration revs up plans to transition from gas-powered vehicles to EVs
9 months ago

Biden administration revs up plans to transition from gas-powered vehicles to EVs

LA Times  

The nation’s slow transition to electric vehicles got a boost Wednesday when the Biden administration announced it had finalized the strongest-ever pollution standards for cars and light trucks. The Environmental Protection Agency rule, which would begin taking effect with model year 2027, would require car manufacturers to increase sales of electric vehicles while cutting carbon emissions from gasoline-powered vehicles. EPA …

EVs won over early adopters, but mainstream buyers aren't along for the ride yet
10 months, 2 weeks ago

EVs won over early adopters, but mainstream buyers aren't along for the ride yet

NPR  

EVs won over early adopters, but mainstream buyers aren't along for the ride yet Enlarge this image toggle caption Jeff Kowalsky/AFP via Getty Images Jeff Kowalsky/AFP via Getty Images Bad headlines for electric vehicles have been piling up lately. Even Tesla, the all-electric juggernaut that has shaped the rise of EVs in the U.S., warned investors that it's in between …

Electric Vehicle Sales Growth Is Slowing Globally. Here’s Why
10 months, 3 weeks ago

Electric Vehicle Sales Growth Is Slowing Globally. Here’s Why

Bloomberg  

With road transportation accounting for about 15% of greenhouse gas emissions, transitioning to cleaner vehicles is a linchpin in national efforts to meet climate-change mitigation targets. Governments have encouraged a transition to electric vehicles with massive subsidies, and legacy carmakers are changing their offerings in a slow farewell to the combustion-engine era. According to BloombergNEF, sales of all-electric vehicles plus …

Ban on EV batteries hurts US interests: China Daily editorial
11 months ago

Ban on EV batteries hurts US interests: China Daily editorial

China Daily  

A worker operates equipment at a production line of Gotion High-tech Co, a Chinese company focusing on power battery development and production, in Hefei, Anhui province, in December 2022. RUAN XUEFENG/FOR CHINA DAILY In yet another move to decouple from China, US lawmakers have banned the Defense Department from buying electric vehicle batteries produced by China's biggest battery manufacturers on …

Australia struggles to ditch SUV habit even as EV sales hit a record
11 months, 2 weeks ago

Australia struggles to ditch SUV habit even as EV sales hit a record

The Hindu  

Electric vehicle sales in Australia hit an all-time high in 2023, according to the country’s automotive association, however, light vehicle sales remained dominated by emissions-intensive trucks and sports utility vehicles. Battery-electric vehicles were 7.2% of all vehicles sold last year, more than double the 3.1% recorded in 2022, according to data from the Federal Chamber of Automotive Industries on Thursday. …

More electric vehicles lose tax credits due to battery sourcing rules in US
11 months, 3 weeks ago

More electric vehicles lose tax credits due to battery sourcing rules in US

Live Mint  

Many electric vehicles lost eligibility for tax credits of up to $7,500 after new battery sourcing rules took effect on Monday, including the Nissan Leaf, Tesla Cybertruck All-Wheel Drive and Chevrolet Blazer EV, the U.S. Treasury said. The Treasury said "automakers are adjusting their supply chains to ensure buyers continue to be eligible for the new clean vehicle credit, partnering …

Electric car models eligible for $7,500 tax credit cut to 13
11 months, 3 weeks ago

Electric car models eligible for $7,500 tax credit cut to 13

LA Times  

New rules from the Biden administration kicked in Jan. 1, reducing the number of electric vehicles eligible for a $7,500 tax credit. The number of electric vehicle models eligible for a consumer tax credit of as much as $7,500 fell sharply as new rules from the Biden administration kicked in on Jan. 1. The new rules exclude from the tax …

Availability of China's affordable electric vehicles could boost US sales
11 months, 3 weeks ago

Availability of China's affordable electric vehicles could boost US sales

China Daily  

By Paul Stapleton | China Daily Global | Updated: 2023-12-29 09:18 On a recent driving holiday to Norway, I couldn't help but notice the great number of electric vehicles on the road. The main reason, of course, is the 27.5 percent tariff on Chinese-made cars imposed by former US President Donald Trump in 2018 and maintained to this day by …

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