Commercial EV

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

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....
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Tesla Beats BYD in Battery Electric Vehicle Sales in 2024

Tesla Beats BYD in Battery Electric Vehicle Sales in 2024

Home » Energy » Tesla Beats BYD in Battery Electric Vehicle Sales in 2024 BYD sold 300,114 passenger BEVs in the first quarter of 2024, up 13.4 percent year-on-year but down 42.99 percent from the fourth quarter last year. Tesla is expected to announce 405,000 to 430,000 sales deliveries for the first quarter of 2024. Tesla was likely ahead of BED for the March, 2024 monthly sales. BYD sold 139,000 in March. This is likely very close to the lev...
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Amid progress on electric vehicles, political setbacks frustrate advocates in Maine, Connecticut

Amid progress on electric vehicles, political setbacks frustrate advocates in Maine, Connecticut

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By when can India indigenise electric vehicle production? | Explained

By when can India indigenise electric vehicle production? | Explained

The story so far: The Union government on March 15 approved a policy to promote India as a manufacturing hub for electric vehicles (EVs). Broadly, the policy attempts to pave the way for global EV manufacturers to invest in India and to manufacture locally. “This will provide Indian consumers with access to latest technology, boost the Make in India initiative, strengthen the EV ecosystem by promoting healthy competition among EV players,” th...
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How rising fuel cost boost electric vehicle adoption in Nigeria market

How rising fuel cost boost electric vehicle adoption in Nigeria market

In recent years, Nigeria has grappled with severe air pollution, primarily attributed to the proliferation of gasoline-powered motorcycles, commonly known as “okadas.” These two-wheelers, while serving as a vital mode of transportation for millions, have contributed significantly to the environmental challenges. With the rise in fuel which has risen to N679.36/litre as of February 2024 from N263.76 in February 2023 as reported by the National...
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China’s Xiaomi enters car market with new electric vehicle

China’s Xiaomi enters car market with new electric vehicle

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PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles

PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles

PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles As announced by Toyota Motor Corporation (Toyota Motor) on March 5, 2024, Primearth EV Energy Co., Ltd. (PEVE) will become a wholly-owned subsidiary of Toyota Motor. Capitalizing on the technology fostered through our hybrid vehicle battery business to date, we plan to contribute to Toyota Motor’s multi-pathway strategy in the battery...
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CATL Develops Faster-Charging Batteries for Tesla’s Upcoming Low-Cost Electric Vehicle

CATL Develops Faster-Charging Batteries for Tesla’s Upcoming Low-Cost Electric Vehicle

China’s leading battery manufacturer CATL is developing faster-charging batteries for Tesla as the automaker seeks to defend its market share and introduce an electric vehicle priced below $25,000. Zeng Yuqun, chairman of CATL said on Monday that there is always room to reduce costs, depending on what the goal of the $25,000 car is. He also added that if it is to be used as an autonomous taxi, there is no need to worry about reducing the cost o...
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Inside the GOP Attacks on Electric Vehicles

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Biden Administration Announces Rules Aimed at Expanding Electric Vehicles – The New York Times

Biden Administration Announces Rules Aimed at Expanding Electric Vehicles – The New York Times

Climate|Biden Administration Announces Rule Aimed at Expanding Electric Vehicles https://www.nytimes.com/2024/03/20/climate/biden-phase-out-gas-cars.html U.S. World Business Arts Lifestyle Opinion Audio Games Cooking Wirecutter The Athletic Advertisement SKIP ADVERTISEMENT You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. Biden Administration Announces Rul...
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