electriccars
Shareholders of Tesla voted to reinstate CEO Elon Musk’s $55.8 billion(€52 billion) pay package which was nullified by a judge in Delaware in January. Now the value of the package plan dropped to $48.4 billion (€45 billion) due to a 26% decline in Tesla’s shares this year, despite a 2.9% increase on Thursday. Tesla’s investors have also voted in favour of moving the company’s incorporation to Texas from Delaware. Both resolutions were “passing by side margins” as posted by Elon Musk on his privately owned social media platform X, formerly known as Twitter. The mammoth compensation plan, initia...
Euronews (English)
The European Union (EU) has recently revealed that it has provisionally concluded that it would be applying tariffs to Chinese electric vehicles (EVs) of up to 38.1%. This is in order to curb the flood of much cheaper Chinese electric vehicles that are being imported into the EU, which in turn is posing a competition threat to European-made EVs. The main Chinese automakers which could potentially face increased tariffs are Geely, which could see tariffs of 20%, BYD, at 17.4% and SAIC, at 38.1%. Other Chinese EV producers are also likely to see tariffs range between 21% to 38.1%, depending on w...
Euronews (English)
China has decried an EU decision to hike tariffs on Chinese electric vehicles as "a blatant act of protectionism". The European Commission, the EU's executive arm, said that starting from early July, it would impose provisional tariffs that would slap Chinese automakers with additional duties as high as 38%, up from the current level of 10%, if talks with China do not lead to an effective solution. Chinese Ministry of Commerce spokesperson He Yadong blasted the move on Thursday. “It will not only damage the legitimate rights and interests of China's electric vehicle industry, disrupt the mutua...
Euronews (English)
The subsidies pumped by the Chinese government into battery electric vehicles (BEVs) are so distortive that extra tariffs are needed to counteract them. This is the preliminary conclusion of the European Commission's trade investigation, announced on Wednesday after weeks of mounting speculation. Diplomats and lobbyists had eagerly waited to see how far the executive would go to confront Beijing, a task that, despite its pressing nature, remains divisive among member states. The muscle-flexing took many by surprise. The Commission has proposed a robust range of tariffs to even things out: 17.4...
Euronews (English)
A number of European countries including Hungary, Poland, Italy and Spain are looking to entice Chinese electric vehicle (EV) manufacturers to set up factories in their countries. Even though the EU Commission is wary of the influx of cheaper Chinese EVs in the European car making market, individual countries are still offering a range of grants and subsidies for Chinese factories. Individual states see the gains that can be made in the jobs market with the setting up of such factories and thereby providing local economic boosts. Chinese EV manufacturers such as Chery Automobile, BYD and SAIC ...
Euronews (English)
Lithium batteries have revolutionised electric vehicles (EVs) over the past few years. They are also used in other products, including cellphones, vaping devices, solar power backup storage, electric toothbrushes, tools and laptops. On average, an electric vehicle battery uses about 8kgs of lithium, but some can use far more. Some of Tesla's batteries, for example, use about 62.6kgs of lithium. Lithium batteries can be expensive and difficult to extract, requiring a huge amount of water and heavy-metal intensive technology to produce. Lithium extraction also causes mineral waste, as well as so...
Euronews (English)
On Wednesday, Virginia Gov. Glenn Youngkin, a Republican, announced that at the end of the year, the state would no longer comply with California's electric vehicle (E.V.) mandate. "The idea that government should tell people what kind of car they can or can't purchase is fundamentally wrong," Youngkin said in a statement. "Virginians deserve the freedom to choose which vehicles best fit the needs of their families and businesses. The law is clear, and I am proud to announce Virginians will no longer be forced to live under this out-of-touch policy." California first adopted its Advanced Clean...
Reason
For decades, the People's Republic of China has lavished domestic companies with public money to fulfill the long-term economic objectives established by the government. Among the current priorities is the development of Battery Electric Vehicles (BEVs), a sector that is fast expanding as nations transition towards climate neutrality. The European Union has historically enjoyed a strong position in the car-making industry, with member states like Belgium, Spain, France, Italy, the Czech Republic, Slovakia and Poland ranked among the top 20 largest exporters in the world. In Germany, the automo...
Euronews (English)
In this week's The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman debrief in the wake of former President Donald Trump's conviction on 34 counts of falsifying business records last week in New York City. 00:33—Donald Trump's conviction 27:37—Weekly Listener Question 42:11—Recent undercovered stories 50:48—This week's cultural recommendations Send your questions to roundtable@reason.com. Be sure to include your social media handle and the correct pronunciation of your name. Mentioned in this podcast: "Does Donald Trump's Conviction in New York Ma...
Reason
Electric cars are a wonderful invention, reducing pollution and the demand for oil. They are also killers. The main problem is that they are so quiet. Blind people, animals and those trusting souls who walk through car parks while checking their mobile phones, all rely on the noise of an approaching car to warn them of its existence. Electric and hybrid vehicles, at low speeds, are virtually silent, or at least inaudible over normal levels of noise around them. People have been complaining about this since the 2000s, when those who follow these things noticed an increase in accidents involving...
Hong Kong Free Press
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