On Tuesday, Alliance for Automotive Innovation, a major automotive trade association urged U.S. policymakers to back support for electric vehicles (EV), including new incentives to boost up consumer purchases, as well as research and development. U.S. President-elect Joe Biden has made boosting electric vehicles a top priority and has pledged to build 550,000 new EV…
According to sources familiar with the matter at hand, Chinese electric vehicle startup Great Wall Motor plans on launching a new standalone brand for electric and smart vehicles in China, as it tries to pursue growth in this burgeoning segment. Inspired by U.S. technology and auto giant Tesla Inc, several Chinese automakers have announced plans…
In an interview, to Germany’s Wirtschaftswoche weekly magazine, Herbert Diess, Volkswagen’s CEO stated the carmaker expects autonomous vehicles to be ready for sale between 2025 and 2030. Improvements in artificial intelligence, as well as improvements in the performance of computer chips are speeding up the development of autonomous vehicles. “It is foreseeable that the systems…
On Thursday, during a news conference, Katsunobu Kato, Japan’s chief spokesman for the government stated, the trade ministry is weighing options to support a shift to electric-powered vehicles and will map out a plan by the end of this year. Japan plans on stopping the sale of new gasoline powered cars by mid-2030s in favour…
On Wednesday, in a statement South Korea’s Hyundai Motor Group stated, early next year it will introduce an electric vehicle-only platform which will use its battery technology to cut production time and costs. The plan by Hyundai Motor Group, the world’s No.5 auto group, aims to become a major player in the global EV market,…
In a statement, Lion Electric Co stated it plans on going public through a merger with blank-check company Northern Genesis Acquisition Corp. The startup aims to ramp up production capacity to tap growing demands for electric vehicles. Known for its yellow electric school buses, Quebec-based Lion Electric expects to receive around $500 million of net…
In a significant development, a group of major U.S. utilities which includes Uber and Tesla said they are launching a new lobby group which will lobby for national policies to boost the adoption of electric vehicles. The lobby group named Zero Emission Transportation Association, aims to boost the adoption of consumer electric vehicle and encourage…
In a response to a tweet, Tesla Inc’s CEO Elon Musk suggested that the carmaker is likely to foray into the Indian car market next year. Maharastra, India’s richest state, had invited the U.S. electric carmaker to invest in the country. In a tweet on Thursday, the state’s tourism and environment minister Aaditya Thackeray said,…
On Friday, Foxconn’s Chairman Liu Young stated, the company aims to capture 10% of the global market share for electric vehicles between 2025-2027; to this end it has entered into talks with multiple carmakers for future cooperation. “We want to push Taiwan’s EV industry to the world,” said Liu Young. Foxconn, a major supplier to…
In a significant development, Honda Motor stated, it will end its participation as an engine supplier in the FIA Formula One World Championship at the end of the 2021 season and will instead focus on zero-emission technology. The development was made by Honda Motor’s CEO Takahiro Hachigo during an online news conference. “This is not…
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