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TOKYO -- Key Tesla supplier Panasonic Energy says it is no longer aiming to triple revenue and quadruple production capacity of EV batteries by fiscal 2030, amid slower demand in North America.
Beijing has vowed to retaliate if the European Union defies its warning and imposes new tariffs on Chinese electric vehicles (EVs). Currently, there is a 10% tariff on all imported cars in Europe.
Dealing with climate change is another motivation, one that has prompted India to sign up for the Electric Vehicles Initiative (EVI), a multi-government policy forum to fast track the introduction and adoption of electric vehicles. Thirteen signatory countries have accepted the EVI’s EV30@30 campaign, whereby at least 30 per cent of new vehicle sales should be electric by 2030.
BANGKOK -- Major Thai gas station operator PTG Energy is retooling operations with the anticipated spread of electric vehicles, increasing coffee shops under its umbrella fivefold over the next three years and boosting the ratio of non-oil businesses in gross profit to 50%.
TOKYO -- Toyota Motor said Tuesday it will continue research and development of gasoline-powered engines despite the gradual shift of the global auto market to electric vehicles.
PARIS — Chinese electric carmakers are expanding into Europe even as politicians raise the possibility of high tariffs on vehicles from the world's second-largest economy.
TOKYO -- Mitsubishi Electric and auto parts supplier Aisin plan to set up a joint venture for electric and hybrid vehicle components, Nikkei has learned, leveraging their combined scale for more efficient research and development as price competition intensifies.
Any significant reduction or a rollback of the Inflation Reduction Act's support for electric vehicles would benefit China, according to General Motors board member Jon McNeill.