Tag #Electric Vehicles

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repubblica.it

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Apr 13, 19:13

Italy's Company Car Tax Spurs Fleet Management Changes and Increased Costs

Italy's new company car tax, effective January 2025, penalizes gasoline, diesel, and full-hybrid vehicles, causing 40% of fleet managers to postpone renewals, 11% to renegotiate contracts, and 60% to plan changes to car lists and policies, potentially increasing leasing costs by 25% and leading to m...

Italy's Company Car Tax Spurs Fleet Management Changes and Increased Costs

Italy's new company car tax, effective January 2025, penalizes gasoline, diesel, and full-hybrid vehicles, causing 40% of fleet managers to postpone renewals, 11% to renegotiate contracts, and 60% to plan changes to car lists and policies, potentially increasing leasing costs by 25% and leading to m...

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What immediate impact has Italy's new company car tax had on fleet management decisions and renewal rates?

Italy's new fringe benefit tax on company cars, effective January 1st, 2025, penalizes gasoline, diesel, and full-hybrid vehicles with a 50% coefficient, while electric and plug-in hybrids receive 10% and 20% respectively. This has prompted 40% of fleet managers to postpone fleet renewals, and 11% to renegotiate contracts for more cost-effective options.", A2="The survey of 98 fleet managers overseeing 83,000 vehicles reveals that 60% plan to change their car lists and policies due to the tax. This shift will cause a 25% increase in leasing costs for some, driver complaints for 23%, and increased charging costs for 20%. The tax disproportionately affects full-hybrids, pushing one-third of managers to exclude them from future car lists.", A3="The unintended consequence is that the new tax, while aiming for decarbonization, may hinder it. By heavily penalizing full-hybrid vehicles—a viable transition technology—the policy pushes companies toward a more abrupt shift to fully electric vehicles, potentially creating challenges and additional costs related to infrastructure and charging. This could also negatively impact the welfare of employees as companies might reduce employee benefits to offset the increased costs of electric vehicles.", Q1="What immediate impact has Italy's new company car tax had on fleet management decisions and renewal rates?", Q2="How will the new tax regulations reshape the composition of company car fleets in the medium term, and what are the associated cost implications for businesses and employees?", Q3="What are the potential long-term consequences of the tax policy on Italy's efforts towards vehicle decarbonization, considering its impact on the adoption of full-hybrid vehicles and its broader effects on employee welfare?", ShortDescription="Italy's new company car tax, effective January 2025, penalizes gasoline, diesel, and full-hybrid vehicles, causing 40% of fleet managers to postpone renewals, 11% to renegotiate contracts, and 60% to plan changes to car lists and policies, potentially increasing leasing costs by 25% and leading to more driver complaints and charging costs for some.", ShortTitle="Italy's Company Car Tax Spurs Fleet Management Changes and Increased Costs"))

forbes.com

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Apr 10, 01:18

Tesla Cybertruck Sales Plummet Amidst Recalls and Musk Controversy

Tesla's Cybertruck, despite nearly 2 million preorders, has sold only 46,000 units due to recalls, negative publicity surrounding Elon Musk, and a 55% price drop, impacting Tesla's overall 8% sales decline in Q1 2024.

Tesla Cybertruck Sales Plummet Amidst Recalls and Musk Controversy

Tesla's Cybertruck, despite nearly 2 million preorders, has sold only 46,000 units due to recalls, negative publicity surrounding Elon Musk, and a 55% price drop, impacting Tesla's overall 8% sales decline in Q1 2024.

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What are the main factors contributing to the Tesla Cybertruck's significant sales shortfall compared to initial expectations?

Tesla's Cybertruck, despite initial high preorder numbers (nearly 2 million), has drastically underperformed, with only 46,000 units sold and a massive price drop of 55% over the past year. This failure is attributed to multiple recalls, including one for body panels falling off, and negative publicity surrounding Elon Musk's involvement in the DOGE initiative.

dw.com

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Apr 10, 19:15

Electric Vehicles Show Significantly Lower Breakdown Rates Than Combustion Engine Cars

A German automobile club's study of vehicles registered between 2020 and 2022 found that electric vehicles had a significantly lower failure rate (4.2 per 1000) than combustion engine vehicles (10.4 per 1000), attributed to simpler design and less wear, although starting batteries remain a common pr...

Electric Vehicles Show Significantly Lower Breakdown Rates Than Combustion Engine Cars

A German automobile club's study of vehicles registered between 2020 and 2022 found that electric vehicles had a significantly lower failure rate (4.2 per 1000) than combustion engine vehicles (10.4 per 1000), attributed to simpler design and less wear, although starting batteries remain a common pr...

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How does the design and operation of electric engines compare to combustion engines, and how do these differences affect the breakdown rates?

The simpler construction of electric motors, with fewer components than combustion engines, contributes to their lower failure rate. The absence of engine oil and reduced waste heat generation further decrease wear and tear, explaining the observed disparity in breakdowns between electric and combustion engine vehicles.

dailymail.co.uk

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Apr 8, 10:12

Ford Offers Free Home Chargers to Boost EV Sales

Ford is offering new electric vehicle buyers a free home charger with installation and 10,000 miles of free charging to boost sales and address consumer concerns about charging complexity.

Ford Offers Free Home Chargers to Boost EV Sales

Ford is offering new electric vehicle buyers a free home charger with installation and 10,000 miles of free charging to boost sales and address consumer concerns about charging complexity.

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Affordable and Clean Energy

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What immediate impact will Ford's Power Promise have on electric vehicle sales and consumer behavior?

Ford's Power Promise offers new EV buyers a free home charger with installation and 10,000 miles of free charging through a smart energy tariff, aiming to overcome barriers to EV adoption. This initiative is part of a broader effort to boost electric car sales and follows a survey indicating that charging complexity deters potential buyers.

news.sky.com

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Apr 7, 22:11

Starmer Delays EV Ban to Counter Trump Tariffs

Facing Donald Trump's 25% tariffs on car exports and 10% on other goods, UK Prime Minister Keir Starmer announced a delay to the ban on hybrid car sales until 2035, while maintaining the 2030 ban on petrol and diesel cars and the 2050 net-zero target. Labour MPs were also denied entry to Israel, spa...

Starmer Delays EV Ban to Counter Trump Tariffs

Facing Donald Trump's 25% tariffs on car exports and 10% on other goods, UK Prime Minister Keir Starmer announced a delay to the ban on hybrid car sales until 2035, while maintaining the 2030 ban on petrol and diesel cars and the 2050 net-zero target. Labour MPs were also denied entry to Israel, spa...

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Decent Work and Economic Growth

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What are the potential long-term implications of Trump's tariffs for the UK's environmental goals and future trade relations with the US?

The UK's response to Trump's tariffs reveals a strategic balancing act between maintaining a strong relationship with the US and protecting its domestic auto industry. The delay in the electric vehicle ban reflects a short-term compromise to address immediate economic pressures, while the commitment to net-zero emissions demonstrates a long-term focus on environmental goals. Future trade negotiations will need to address both economic and environmental concerns.

repubblica.it

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Apr 6, 22:10

Theion's Sulfur-Based Battery: Three Times the Range, Lower Environmental Impact

Theion, a German startup, developed a sulfur-based battery with a 1,000 Wh/kg energy density, offering three times the range of current batteries while reducing environmental impact and costs, with €15 million in funding secured.

Theion's Sulfur-Based Battery: Three Times the Range, Lower Environmental Impact

Theion, a German startup, developed a sulfur-based battery with a 1,000 Wh/kg energy density, offering three times the range of current batteries while reducing environmental impact and costs, with €15 million in funding secured.

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What are the immediate performance and environmental impacts of Theion's new sulfur-based battery technology?

Theion, a German startup, developed a sulfur-based battery with 1,000 Wh/kg energy density, exceeding traditional NMC batteries. Early tests show three times the range of current batteries, promising significant improvements in electric vehicle autonomy.

elmundo.es

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Apr 12, 16:11

Peugeot CEO Outlines Strategy for Market Recovery and High-End Positioning

Peugeot CEO Alain Favey outlines the brand's strategy for regaining market leadership, focusing on a higher-end positioning, addressing quality concerns, and leveraging government incentives while acknowledging the rapid technological advancements of Chinese competitors.

Peugeot CEO Outlines Strategy for Market Recovery and High-End Positioning

Peugeot CEO Alain Favey outlines the brand's strategy for regaining market leadership, focusing on a higher-end positioning, addressing quality concerns, and leveraging government incentives while acknowledging the rapid technological advancements of Chinese competitors.

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What are Peugeot's key strategic priorities in the current automotive market, and what specific actions are being taken to achieve them?

Peugeot's CEO, Alain Favey, aims to regain market leadership in France and consolidate European presence. The brand achieved a 6% market share in the EU29 during Q1 2025, a 0.3% increase year-over-year, driven by strong fleet and commercial vehicle sales. Favey highlights the success of mild-hybrid vehicles and plans to launch a new generation of plug-in hybrids with nearly 100km electric range.

dailymail.co.uk

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Apr 10, 22:10

Kia Cuts 2030 EV Sales Target Amidst Slower Adoption and Tariff Uncertainty

Kia has slashed its 2030 global electric vehicle sales target by 340,000 units to 1.26 million due to slower-than-expected EV adoption and US tariff uncertainty, while simultaneously planning to increase its hybrid car sales to one million units by 2030.

Kia Cuts 2030 EV Sales Target Amidst Slower Adoption and Tariff Uncertainty

Kia has slashed its 2030 global electric vehicle sales target by 340,000 units to 1.26 million due to slower-than-expected EV adoption and US tariff uncertainty, while simultaneously planning to increase its hybrid car sales to one million units by 2030.

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Industry, Innovation, and Infrastructure

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How does Kia's decision to increase hybrid car production align with evolving market trends and government policies?

Kia's revised sales forecast highlights the challenges faced by EV manufacturers, including fluctuating market demand and geopolitical factors influencing production and sales. The decision to increase hybrid car production reflects a strategy to diversify offerings in response to evolving consumer preferences and government regulations. This contrasts with the strong European EV sales reported by competitors like Volkswagen and BMW.

euronews.com

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Apr 9, 19:19

Porsche Sales Plunge 8% in Q1 2025 Amidst Cybersecurity Issues and Market Challenges

Porsche's first-quarter 2025 global deliveries fell 8% to 71,470 units, with sharp declines in China (-42%, 9,471 units) and Europe (-10%, 18,017 units excluding Germany), partly due to the discontinuation of models failing to meet EU cybersecurity laws; North American sales, however, grew by 37% (2...

Porsche Sales Plunge 8% in Q1 2025 Amidst Cybersecurity Issues and Market Challenges

Porsche's first-quarter 2025 global deliveries fell 8% to 71,470 units, with sharp declines in China (-42%, 9,471 units) and Europe (-10%, 18,017 units excluding Germany), partly due to the discontinuation of models failing to meet EU cybersecurity laws; North American sales, however, grew by 37% (2...

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What were the key factors contributing to Porsche's significant decline in global sales during the first quarter of 2025?

Porsche's first-quarter 2025 sales plunged 8% globally to 71,470 units, driven by a 42% drop in Chinese sales (9,471 units) and a 10% decrease in European sales (excluding Germany, 18,017 units). German sales plummeted by 34% to 7,495 units. This decline is partly due to the discontinuation of certain models in the EU that did not meet cybersecurity regulations.

us.cnn.com

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Apr 8, 01:13

Tesla Stock Plummets Amidst Falling Sales and Musk's Political Backlash

Tesla's stock price has plummeted due to falling sales, negative consumer reaction to CEO Elon Musk's political alignment with the Trump administration, and broader recession fears; analysts are cutting price targets despite some maintaining buy recommendations.

Tesla Stock Plummets Amidst Falling Sales and Musk's Political Backlash

Tesla's stock price has plummeted due to falling sales, negative consumer reaction to CEO Elon Musk's political alignment with the Trump administration, and broader recession fears; analysts are cutting price targets despite some maintaining buy recommendations.

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What are the primary factors contributing to the recent significant decline in Tesla's stock price and what are the immediate consequences?

Tesla's stock price has significantly dropped in recent weeks, with analysts at major firms like Wedbush Securities, Deutsche Bank, and RBC Capital Markets cutting their price targets. This decline follows a series of negative events, including falling sales and growing concerns about CEO Elon Musk's association with the Trump administration.

bbc.com

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Apr 7, 04:09

UK Eases Electric Vehicle Rules Amid US Tariffs

The UK government announced relaxed regulations for car manufacturers transitioning to electric vehicles, aiming to mitigate the impact of US tariffs and ensure compliance with the 2030 ban on new petrol and diesel cars, while reducing fines from £15,000 to £12,000 per non-compliant car.

UK Eases Electric Vehicle Rules Amid US Tariffs

The UK government announced relaxed regulations for car manufacturers transitioning to electric vehicles, aiming to mitigate the impact of US tariffs and ensure compliance with the 2030 ban on new petrol and diesel cars, while reducing fines from £15,000 to £12,000 per non-compliant car.

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How will the government's revised regulations impact different segments of the UK car industry, such as smaller manufacturers and larger firms?

The government's decision to relax regulations is a direct response to the US tariffs and concerns about the industry's ability to meet the 2030 deadline. By allowing more flexibility in meeting electric vehicle targets and reducing fines, the government aims to mitigate the negative economic impact on UK car manufacturers while upholding its commitment to the 2030 phase-out. This approach attempts to balance environmental goals with economic realities.

lemonde.fr

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Apr 5, 07:18

EU's Electric Vehicle Ambitions Lag Behind China's Established Industry

The European Union's ambitious 2035 goal of 100% zero-emission vehicle sales lags behind China's established electric vehicle industry, resulting in a significant price and technological gap; average electric vehicle prices in China are 47% lower than in Europe in 2024, and Chinese brands hold a sub...

EU's Electric Vehicle Ambitions Lag Behind China's Established Industry

The European Union's ambitious 2035 goal of 100% zero-emission vehicle sales lags behind China's established electric vehicle industry, resulting in a significant price and technological gap; average electric vehicle prices in China are 47% lower than in Europe in 2024, and Chinese brands hold a sub...

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What are the immediate consequences of the EU's 2035 zero-emission vehicle target given its current industrial capacity and policy?

The EU's 2035 target for 100% zero-emission vehicles is hampered by insufficient domestic battery production capacity and a lack of comprehensive industrial policy. This contrasts sharply with China's approach, which prioritized building a global electric vehicle industry from the outset, resulting in a significant cost and technological advantage.

Showing 277 to 288 of 980 results