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(Reuters) – China’s electric vehicle penetration rate is expected to continue rising, albeit at a slower pace toward the end of the decade, to reach 75% to 80% by 2030, a researcher at state oil company Sinopec said on Thursday. The continued growth of the sector is set to curb oil demand in the world’s …
China’s EV Penetration Could Reach 80% by 2030, Sinopec Researcher Says Read More »
By Reuters June 22 (Reuters) – Goldman Sachs said accelerating electric vehicle adoption following a Hormuz-related oil supply shock could trim global oil demand by up to 0.32 million barrels per day by late 2027. Global EV car sales penetration increased 3.4 percentage points, the bank said in a note, to reach 26.1% last month — …
Goldman Sachs Says EV Surge May cut Oil Demand by Late 2027 Read More »
(Reuters) – Buyers of electric vehicles and consumers of a diet cola in India may seem to be two groups with little in common, but they are both at risk from the fallout from the ongoing closure of the Strait of Hormuz. The longer the narrow waterway remains closed to most vessels the more pronounced …
Hormuz Closure Extends Well Beyond Oil to Threaten Chinese EVs: Russell Read More »
The world’s largest EV-battery manufacturer is looking to stay ahead of BYD and other competitors Contemporary Amperex Technology Co. Ltd., the world’s largest electric vehicle battery manufacturer, unveiled a new fast-charging technology ahead of the Beijing auto show in a bid to stay ahead of BYD Co. Ltd. and other competitors. The Ningde-based company, better …
China’s CATL Debuts EV Battery With Speedy Six-Minute Recharge and a 1,000-km Range Read More »
Despite remarks that Trump wants to repatriate automakers, Hoekstra said Canada was not a top concern for U.S. officials By Thomas Seal The United States won’t allow Chinese electric cars from Canada to enter its market, President Donald Trump’s ambassador in Ottawa said, after a January deal in which Prime Minister Mark Carney lowered tariffs …
Chinese Cars Can’t Cross From Canada to U.S., Trump’s Envoy Says Read More »
LG confirmed the deal after it was mentioned in a U.S. Department of the Interior statement By Hyonhee Shin An LG Energy Solution Co. battery cell for electric vehicle displayed at the InterBattery exhibition in Seoul, South Korea, on March 17, 2022. Photo by SeongJoon Cho/Bloomberg LG Energy Solution Ltd. said it will produce US$4.3 …
LG to Supply Tesla With US$4.3 Billion of Batteries Read More »
Big trucks and engines are back among US automakers, even as electrics gain ground around the globe. By Keith Naughton and David Welch Detroit under Donald Trump has rediscovered its love of the big, roaring engine. By gutting climate regulations, the president has freed US automakers to sell as many gas-burning trucks and SUVs as …
The US Is Embracing Gas-Guzzling Cars, While Everywhere Else Goes Electric Read More »
Summary Judge says evidence at trial supported verdict Autopilot-equipped Model S crashed into victims Tesla not available for comment, expected to appeal Feb 20 (Reuters) – A federal judge rejected Tesla’s request to overturn a $243 million jury verdict over the 2019 crash of an Autopilot-equipped Model S, which killed a 22-year-old woman and severely injured …
US Judge Upholds $243 Million Verdict Against Tesla Over Fatal Autopilot Crash Read More »
There’s a growing belief that if U.S. automakers are abandoning Canada, there’s no longer any reason to do them favours By Nojoud Al Mallees As the weeks passed after General Motors Co. shut down the assembly line where he had been working, reality began to set in for Mike Horne. Sitting in a union office …
Canada Embraces Asia to Save Auto Heartland Squeezed by U.S. Tariffs Read More »
One of the biggest problems facing Tesla these days is the fact there are plenty of other EV options to choose from By Hannah Elliott Tori Horowitz loved her 2021 Tesla Model S. “It worked for my life because I’m in my car all the time,” says the realtor, who drives weekly from Los Angeles …
Elon Musk Alone Can’t Explain Tesla’s Owner Exodus Read More »
