Business
PSBs pitch 2% climate-transition finance sub-target under PSL framework
Public sector banks (PSBs) have proposed carving out a 2 per cent sub-target for climate and transition finance within the existing…
Tag
electric vehicles
Business
Germany brings back electric car subsidies to boost market
German carmakers are keen to speed up the shift to electric cars (Ronny HARTMANN) · Ronny HARTMANN/AFP/AFP Germany on Monday reintroduced…
News
A Colombian city swaps iconic horse buggies for electric carriages amid animal welfare concerns
BOGOTA, Colombia (AP) — The Colombian city of Cartagena began replacing its iconic horse buggies with electric carriages Tuesday,…
Business
EU waters down plans to end new petrol and diesel car sales by 2035
The European Commission has watered down its plans to ban the sale of new petrol and diesel vehicles by 2035. Current rules state that new…
News
Beijing approves first 2 L3 autonomous cars in leap towards 'hands-off' driving
Beijing has approved China's first two cars with level 3 (L3) autonomous driving capability, taking a leap towards widely deploying…
Politics
EU to relent on combustion engines ban after auto industry pressure
STRASBOURG, Dec 16 (Reuters) - The European Commission is set to backtrack on the EU's ban on new combustion-engine cars from 2035 by…
News
Will EU give ground on 2035 combustion-engine ban?
Europe's embattled auto industry and its backers are ramping up pressure on the EU to relax its planned 2035 ban on new petrol and diesel…
Politics
BYD launches EV sales in Argentina amid tariff exemptions
BYD has initiated the sale of its electric vehicles (EVs) in the Argentine market, reported Reuters. The vehicles introduced to the…
Business
Tesla upgrades EV voice assistant system with AI from DeepSeek and ByteDance
Tesla is rolling out an upgraded voice assistant system for its electric vehicles (EVs) in mainland China, adopting artificial…
News
Q&A with BMI’s Santiago Arieu on the magnet crisis disrupting global auto production
The introduction of a new licensing system by China, now slowing the export of rare earth elements, has sent a ripple of disruption across…
Politics
Map shows where manufacturing is growing
President Donald Trump has made "reshoring" a central pillar of his second-term agenda, pledging to boost American manufacturing and bring…
News
German car dealers slashing prices of electric vehicles, expert says
New VW ID.Buzz electric buses are parked in a parking lot at the Volkswagen Commercial Vehicles plant. Discounts on electric vehicles…
Business
German VW plant hits 1 million electric vehicles as cutbacks loom
The Volkswagen logo is seen on the roof of the VW brand tower in Wolfsburg. Moritz Frankenberg/dpa Electric car production at Germany's…
Lifestyle
Egypt travel: Pyramids of Giza revamp project hopes to curb congestion and aggressive vendors
Millions of visitors travel to Egypt each year to see the iconic Pyramids of Giza. Despite being one of the world’s most famous ancient…
Business
Road traffic found to be major hurdle to Germany's climate goals
Germany's road traffic poses a big obstacle to the country's green energy transition, still accounting for 95% of all transport emissions,…
Business
China's EV maker XPeng eyes doubling global presence by year's end
X9 electric vehicles by Chinese EV manufacturer XPeng, waiting to be loaded on a ship headed for Thailand (Pedro Pardo) One of China's…
News
German sports carmaker Porsche to cut 1,900 jobs
The job cuts follow a three-percent fall in deliveries worldwide last year -- driven by a 28-percent drop in China (Daniel ROLAND) Sports…
Politics
Troubled European carmakers to talk fines and EVs with EU
Europe's biggest carmakers will converge on Brussels for talks this week as the EU seeks to chart a way forward for an embattled industry…
Business
German electric vehicles sales collapse in 2024 after end of subsidy
New VW ID.Buzz electric buses are parked in a parking lot at the Volkswagen Commercial Vehicles plant.Sales of electric vehicles in…
Business
Tesla's November China EV Sales Drop 4.3% as BYD Hits New High
Tesla Inc. (TSLA, Financial) announced a 4.3% year-over -year decline in November China-made EV sales to 78,856 units, as reported by…
News
Study shows electric and petrol car prices narrowing in Germany
A man plugs an ID.5 GTX into the charging station. The price gap between electric cars and comparable combustion engine models in Germany…
Business
Ford reduces working hours at German electric car manufacturing site
US vehicle manufacturer Ford is implementing a reduced work regime in the western German city of Cologne due to weak demand for electric…
Business
Ethiopia bans imports of gas-powered private vehicles, but the switch to electric is a bumpy ride
ADDIS ABABA, Ethiopia (AP) — As the price of fuel soared in Ethiopia earlier this year, Awgachew Seleshi decided to buy an electric car.…
News
Stellantis workers march in Italy over production slump
Thousands of Stellantis workers went on strike Friday and protested in Rome over temporary layoffs and production stoppages by the maker…