Despite optimal circumstances, nearly 50% of the 22 tested EVs failed to meet their EPA range estimates.
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INDUSTRY NEWSLatest News
Toyota plans stake sell-off in Harmonic Drive Systems
by Biplab Dasby Biplab DasThe decision to sell its stake in Harmonic Drive Systems is part of Toyota’s broader initiative to streamline its portfolio and optimize its investments.
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INDUSTRY NEWSLatest News
Carmakers extend support to cyclone-affected customers in Andhra Pradesh, Tamil Nadu
Automakers are offering free Roadside Assistance (RSA) including servicing, repairs, towing, accommodation and travel, among other facilities.
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INDUSTRY NEWSLatest News
Fossil fuel phase-out proposal ignites global debate at COP28 climate summit
by Biplab Dasby Biplab DasThe draft agreement released by the U.N. climate body puts forth the groundbreaking concept of an “orderly and just phase-out of fossil fuels.”
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EV maker Nio’s manufacturing costs will be reduced by 10 per cent by bringing all production fully in-house.
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INDUSTRY NEWSLatest News
Exxon Mobil’s ambitious decarbonization plan: CEO’s high-stakes gambit
by Biplab Dasby Biplab DasThe USD 17 billion budget for low-carbon technologies, while a fraction of European peers’ investments, signals Exxon’s commitment.
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INDUSTRY NEWSLatest News
Volkswagen audit finds no signs of forced labour in Xinjiang site
by Biplab Dasby Biplab DasThe audit included on-site interviews and inspections of employee contracts and salary payments for the 197 employees at the Xinjiang site.
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INDUSTRY NEWSLatest News
Biden administration’s stricter EV tax credit rules target Chinese entities
by Biplab Dasby Biplab DasThe proposed rules stipulate that from next year, clean-energy vehicles won’t qualify for subsidies if they contain battery components manufactured or assembled by an FEOC.
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INDUSTRY NEWSLatest News
Ford and Xcel Energy join forces for EV charging initiative across the U.S.
by Biplab Dasby Biplab DasThe initiative aims to install 30,000 EV charging ports by 2030, marking a significant milestone in the transition to widespread electric mobility.
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Cruise faces USD 1.5 million in fines and additional sanctions over its failure to disclose details regarding the October accident.