electriccar
Volkswagen is to offer a solar panel deal alongside chargers for its electric cars. The German car maker says that will cut drivers' costs by some 40% because they will be able to use excess solar energy to recharge their electric vehicles. That figure is based on an estimate from UK energy efficiency organisation the Energy Saving Trust which says the average household can expect to pay around £7,000 (€8,200) for a 3.5 kWh solar panel system at peak times. The VW collaboration is with Norwegian solar panel installer Otovo. The company was started in 2016 and has more than 20,000 photovoltaic ...
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Electric cars are being offered in some UK companies as a perk to attract young and environmentally aware employees. The idea is that an employee is signed up in a salary sacrifice scheme to allow them to lease an electric car through the company. According to Octopus EV's latest sustainable workforce report, more and more Gen Z and millennial employees are choosing to work for companies with similar environmental, social and governance (ESG) values as them. In several cases, a company's green values and benefits can be the deciding factor in whether or not a job applicant takes the offer. Gre...
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The last few years have been the hottest on record, and Europe is facing more extreme weather events like floods and wildfires. The EU Green Deal, a strategy to make Europe climate-neutral, is now facing serious headwinds just before the elections. Is the survival of the Green Deal as a political concept guaranteed? This topic was the main focus of this week's edition of Brussels, my love?, our weekly talk show from the heart of Europe. Host Stefan Grobe welcomed Joško Klisović, President of the Assembly of the city of Zagreb, André Sobczak, Secretary General of Eurocities and Chloé Donovan, M...
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The number of new cars registered in the EU amounted to 913,995 units last month, an annual jump of 13.7%, according to newly released data by the European Automobile Manufacturers' Association (ACEA). Dramatic growth was seen in countries including Romania, (+34.6), Denmark (+27.1), Poland (+25.1), and Spain (+23.1%), with Cyprus leading the pack (+105.4). Manufacturers recording large registration increases included Honda (+155.4), Volvo (+63.5) and Toyota (+47.3). In terms of numbers, the Volkswagen Group dominated, with 254,019 units, an annual jump of 15.5%. The Volkswagen Group includes ...
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Uber drivers in London without electric vehicles (EV) will receive a £5,000 grant to help them switch to an EV — new or used — in a bid to boost electrification, the company announced today (May 20). The multinational transportation company partnered with bp Pulse to support drivers with free charging and is offering additional £12,000 to £17,000 to be used when purchasing a range of EV vehicles. As of tomorrow (May 21), all Uber EV drivers will be eligible for three months of free charging credits worth £750 and then an exclusive charging rate through bp Pulse, according to a press statement....
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Sales will begin in September for Belgium, France, Italy, Germany, Greece, Netherlands Romania, Spain and Portugal, Stellantis CEO Carlos Tavares said at a news event in Hangzhou. From Q4, electric vehicles will also be sold to countries in South America, Middle East and Africa, as well as India and the Asia Pacific, Tavares said. Stellantis and Leapmotor, an EV startup, did not provide details on where the electric vehicles would be produced, but that the location must have the “capacity available to support the sales” and meet quality criteria and cost competitiveness. The models launched wi...
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BMW Group reported a pre-tax profit of €4,162 million in the first quarter of 2024, representing a significant decline of 18.9% compared to the same period last year. Overall sales experienced a modest 1.1% increase, reaching more than 594 thousand vehicles, as demand expanded across electric cars, which comprised 13.9% of deliveries, representing a notable 26.4% rise as compared to the same period last year. According to the German automaker, the decline was primarily attributed to increased production costs and fixed costs, as well as intensifying competition. Sales grew in many countries, e...
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There is an alarming gap between the current charging infrastructure and that of necessary to reach the climate targets of Europe by 2030, according to a study by the European Automobile Manufacturers’ Association (ACEA). Electric cars sales have sped up in the past years, increasing 18-fold between 2017 and 2023 and three times faster than charging point installation in the same period, said the ACEA report. However, installing charging stations has to speed up if the EU wants to meet its climate targets, says the ACEA. "We need mass-market adoption of electric cars in all EU countries to ach...
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Electric cars will have to become cheaper in Europe, one of the key steps to avoid jeopardising the continent's 2050 climate goals, suggest the latest studies from the EU's external auditor. The European Court of Auditors (ECA) released an overview of its four recently published special reports, giving a stark warning to the EU about its current policies for decarbonising the transport sector (accounting for 25% of the overall CO2 emissions). To achieve net zero by 2050, the 27 member states have to significantly curtail carbon emissions from internal combustion engine (ICE) cars, find viable ...
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Tesla has endured a harsh selloff in the first quarter, with shares plummeting by nearly 30% as the EV maker grappled with growth bottlenecks amid fierce competition from Chinese rivals and diminished consumer demand. Price cuts implemented in the second half of 2023 have notably compressed its profit margin, coupled with a marked deceleration in revenue growth due to weakened consumer demand. Below is a glimpse into Tesla's forthcoming fiscal 2024 first-quarter earnings, exploring its prospective growth trajectory and potential share price movements in light of the outcome. Tesla's Q1 EV deli...
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