Monthly Archive: June 2024

Oil industry pushes back versus softened fleet mpg standards

2025 Ram 1500 RHOThe oil industry last week launched a legal challenge versus the U.S. EPA and its latest light- and medium-duty vehicle standards set for the 2027-2032 model years. The case was filed by the American Petroleum Institute (API), which represents members ranging from valve makers to Shell and Exxon Mobil. Joining in are the National Corn Growers...

Nio’s Firefly models will still be competitive in Europe even with extra tariffs, says William Li

In the long term, if local sales reach a certain level, say 100,000 units, local production should take place, Nio CEO William Li said.

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Why do EVs cost more to insure than hybrids in 2024?

Tesla Model 3 PerformanceAs more data rolls in from the insurance industry, an unfortunate trend has persisted for electric vehicles: They cost more to insure. And there are enough of them in the vehicle fleet now to underscore that it’s no longer a matter of insurance companies covering themselves for the unknowns of a new vehicle type. Based on calendar-year...