electriccar
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 ...
Euronews (English)
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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The company said in its latest financial update on 10 April that sales of all-electric vehicles declined by 24% in Europe, while sales grew by 91% in China, year-over-year. However, overall, the company said it increased its vehicle deliveries by 3% to 2.10 million vehicles with the main drivers being China, South America and North America. "Vehicles with combustion engines increased by 4% to 1.97 million units, overcompensating the slight decline of 3% to 136,400 all-electric vehicles (BEV). In this segment, strong growth in China (+91%) did not fully offset the decline in Europe (-24%). "How...
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As some classic car enthusiasts opt for greener and cheaper choices, converting classic cars to electric is becoming increasingly common. At a car show in Birmingham, UK, a Gordon-Keeble boasts an electric motor under the bonnet. Only 99 Gordon-Keebles were built, so it's already a rare sight but this unique model is the only electric version in existence. "I'm not a great lover of electric cars, to be perfectly honest. But this one had a new lease of life because it had an electric motor put into it. I don't think it really wouldn't have been out and being used if it hadn't have had that happ...
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Elon Musk's Tesla is back in the news, with shares see-sawing to the upside once more, following the company's recent Robotaxi announcement. The rise came after the company saw shares falling after disappointing Q1 2024 delivery numbers, revealed in early April. Further speculation of the electric vehicle (EV) company scrapping plans for a cheaper $25,000 (€23,027.75) vehicle have been met with dismay from European and global Tesla fans alike. Although Musk attempted to deny the rumours, investors and clients were not convinced and shares lower. The continuing streak of losses has prompted the...
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Tesla has settled a lawsuit brought by the family of a Silicon Valley engineer who died in a crash while relying on the company’s semi-autonomous driving software. The amount Tesla paid to settle the case was not disclosed in court documents filed on Monday, just a day before the trial stemming from the 2018 crash on a San Francisco Bay Area highway was scheduled to begin. In a court filing requesting to keep the sum private, Tesla said it agreed to settle the case in order to “end years of litigation". The family of Walter Huang filed a negligence and wrongful death lawsuit in 2019 seeking to...
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Chinese electronics maker Xiaomi is joining the country's booming but crowded market for electric cars with a sporty high-tech sedan. The company began accepting orders for its new electric car the SU7 on Thursday. The car will start at 215,900 yuan (€27,700), a price tag that undercuts the Tesla Model 3 in China. Xiaomi said it received 50,000 orders for the SU7 in the first 27 minutes after sales opened in Beijing at 10 pm local time. Government subsidies have helped make China the world's largest market for electric vehicles, with many new makers locked in fierce competition. While most of ...
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Climate change is set to be one of the topics that dominate European election campaigns this summer. But when voters hit the ballot box this June, some believe fatigue will see them turn towards politicians who roll back climate policies, scale down climate ambitions or ignore environmental action entirely. A new report from researchers at Oxford University, Humboldt University Berlin, and Hertie School Berlin set out to uncover whether this is really true. Researchers surveyed 15,000 people across Germany, France and Poland on how they felt about current climate policies. Voters were quizzed ...
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Leading with France and Italy, new car registrations within the EU rose by 10.1% in February compared with the same month last year, and hybrid-electric vehicles saw the biggest jump across the bloc. Registrations rose by 13% in France, 12.8% in Italy, 9.9% in Spain and 5.4% in Germany, While new electric car sales jumped the most in January, hybrid-electric cars took the lead last month, with a surge of 24.2% across the 27 countries, the UK and the EFTA member states, according to the European Automobile Manufacturers Association (ACEA). The number of new plug-in hybrid cars also climbed by 1...
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Germany's greenhouse gas emissions dropped by one-tenth last year, thanks to their investment in renewables and high energy prices which may have driven down demand. Europe's biggest economy is trying to cut their emissions by 65 per cent, compared with 1990, by 2030. These latest stats put them on track to reach a cut of almost 64 per cent by that date. “Germany is on course, for the first time,” Vice Chancellor Robert Habeck, who is also the economy and climate minister, says in a statement. “If we stick to our course, we will reach our 2030 climate targets.” How is Germany reducing its emis...
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