Some analysts believe that GM could lose additional market share in the near and intermediate term due to its lack of hybrid gasoline-electric vehicles.
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The new Tesla models will be launched ahead of the target period of the Model 2 and will also included more affordable variants.
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Major automotive brands like Tesla, BMW, Volkswagen, Renault and Toyota, are expected to launch V2G equipped models in the coming future.
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Tesla is currently surrounded by major layoffs, vehicle price cuts and urgent calls by investors for clarity on product strategy.
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In Europe, low development of passenger car demand combined with weakened subsidies reduces electric car spread.
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A fresh, recently established Mercedes plant in Alabama is scheduled to be the next one to hold a UAW election.
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BYD is also poised to introduce its small electric mini Seagull to the UK as an arch-rival to the Dacia Spring.
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Tesla has been adopting the price reduction strategy in order to woo customers amid slowing EV demand and its ageing model lineup.
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US states sue to block rules curbing tailpipe emissions in cars, light trucks
The EPA rules aim to cut fleetwide tailpipe emissions for cars and light trucks by nearly 50% through 2026 levels in 2032.
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“Sales of Chinese smartphone maker Xiaomi’s first electric car have been 3-5 times higher than expected”, said CEO Lei Jun.