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Europe is slapping tariffs on Chinese electric vehicles – for now. Here’s what to know
Commercial EV, Electric Car, Electric Fleet July 4, 2024 AP Comments: 0

Europe is slapping tariffs on Chinese electric vehicles – for now. Here’s what to know

The European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing’s burgeoning exports of green technology to the 27-nation bloc. The higher duties go into effect on Friday, pending a final decision in four month’s time. Here are some basic facts about the EU’s planned customs duties: What did the European Union do? After an eight-month in...
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Tesla’s quarter one sales fall nearly 9% as competition heats up and demand for electric vehicles slows
Commercial EV, Electric Car, Electric Fleet April 2, 2024 AP Comments: 0

Tesla’s quarter one sales fall nearly 9% as competition heats up and demand for electric vehicles slows

DETROIT: Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. The Austin, Texas, company said it delivered 386,810 vehicles from January through March, almost 9% below the 423,000 it sold in the same quarter of last year. Sales also fell short of Wall Street expectations. Analysts polled by FactSet expected Tesla Inc. to deliver 457,000 vehicles. The company blamed the decline in part on phasing...
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