Tagged: eV

China offers incentives to boost old car replacements, analysts expect up to 2 million additional sales

China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000 ($1,380), effective by the end of the year.

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Honda commits to $11B EV hub in Canada, to start in 2028

Honda 0 Saloon conceptHonda on Thursday announced plans to push its EV supply chain into Canada, in a move that it said “represents recognition of the long-term attractiveness of the Canadian EV manufacturing ecosystem.” The investment is significant—$11 billion US, including investments by joint-venture partners—but it doesn’t yet...

Ford promises more affordable EVs as it loses money on them

2024 Ford Mustang Mach-EIn its quarterly earnings call this week, Ford reported significant losses on EVs—but still promised lower-priced models. As reported by CNN, Ford said its EV unit lost $1.3 billion in the first quarter, or $132,000 for each of the roughly 10,000 EVs sold by the automaker during that period. Sales were down 20% from a year earlier, but...