China’s decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including Tesla , to deepen discounts to maintain sales as demand eases in the world's largest market.
Category: Electric
Tesla, EV rivals absorb costs after China pulls plug on subsidy
China’s decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including Tesla, to deepen discounts to maintain sales as demand eases in the world's largest market. As China grapples with the upheaval of an upsurge in COVID-19 cases and its economy grows at the slowest pace in decades, Tesla, Xpeng and SAIC-GM-Wuling have opted to hold consumer prices flat in January. The subsidy accounted for around 3% to 6% of the cost of the best-selling electric vehicles in China last year, a Reuters analysis found.
IRS Ticks Off Tesla and Makes Hyundai Happy With EV Tax Credits
The US government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.
Stellantis will build 100-mile electric aircraft for Archer
As it prepares to launch a global lineup of electric cars and trucks, Stellantis is also planning to build a very different kind of electric vehicle. At CES in Las Vegas, the automaker announced that it will build the Archer Midnight electric aircraft, as well as provide $150 million in funding to California-based Archer Aviation in 2023 and 2024...
Sony and Honda just showed off this sleek EV prototype
First shipments of these new Afeela EVs are expected by 2026.
Sony unveils prototype EV, Afeela, to be made with Honda
LAS VEGAS (AP) — Sony unveiled a new high-tech prototype car it will produce in partnership with Honda at the CES tech show Wednesday. The vehicle, first announced in October, glided out on stage at...
China has a 10,000 euro cost advantage in small EVs, auto supplier says
Chinese automakers can build an electric vehicle (EV) for 10,000 euros ($10,618) less than European automakers, an overwhelming cost advantage that will put pressure on European manufacturers in their home market, the head of auto supplier Forvia said.
BYD officially launches Yangwang brand, debuts hardcore off-road SUV U8 and supercar U9
The two models are built on Yangwang's e⁴ platform, the first mass-produced four-motor independent drive technology platform in China.
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BMW i Vision Dee Debuts At CES As Window Into Neue Klasse Of EVs
The sedan concept's Head-Up Display extends across the full width of the windscreen, a feature we'll see on Neue Klasse from 2025.
Tesla sells 55,796 China-made vehicles in Dec, down 44% from Nov
That's down 44.37 percent from 100,291 vehicles in November and down 21.24 percent from 70,847 vehicles in the same month last year, according to data released today by the CPCA.
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