Tag #Electric Vehicles

Showing 97 to 108 of 980 results

bbc.com

🌐 75% Global Worthiness

May 29, 07:13

UK Car Production Plunges to 70-Year Low

UK car production hit a 70-year low in April 2024 at 59,203 vehicles, down 16% year-on-year and 25% from March, due to tariffs, Easter, and the EV transition; global trends and UK-specific policy uncertainties further complicate the outlook.

UK Car Production Plunges to 70-Year Low

UK car production hit a 70-year low in April 2024 at 59,203 vehicles, down 16% year-on-year and 25% from March, due to tariffs, Easter, and the EV transition; global trends and UK-specific policy uncertainties further complicate the outlook.

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Industry, Innovation, and Infrastructure

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How does the UK's situation compare to global automotive production trends, and what specific domestic challenges exacerbate the issue?

The decline in UK car production is part of a broader global trend affecting Germany, Italy, France, and Japan. However, the UK faces unique challenges, including fewer trade barriers against Chinese imports and recent policy changes regarding EV manufacturing targets, creating uncertainty for carmakers. This is evidenced by recent plant closures from Honda and Ford, and warnings from Stellantis regarding potential production halts.

forbes.com

🌐 75% Global Worthiness

May 28, 22:13

Hydrogen Car Dream Falters: Why the 2003 Vision Remains Unfulfilled

President George W. Bush's 2003 State of the Union address promised a hydrogen-powered future, but two decades later, the technology has failed to become mainstream due to insufficient infrastructure, high production costs for green hydrogen, the rise of battery electric vehicles, inconsistent gover...

Hydrogen Car Dream Falters: Why the 2003 Vision Remains Unfulfilled

President George W. Bush's 2003 State of the Union address promised a hydrogen-powered future, but two decades later, the technology has failed to become mainstream due to insufficient infrastructure, high production costs for green hydrogen, the rise of battery electric vehicles, inconsistent gover...

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Affordable and Clean Energy

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What key factors have prevented the widespread adoption of hydrogen-powered vehicles, despite President Bush's 2003 initiative?

President George W. Bush's 2003 initiative to develop hydrogen-powered vehicles, while ambitious, has not yielded widespread consumer adoption due to a lack of infrastructure and the high cost of clean hydrogen production. The envisioned "hydrogen economy" hasn't materialized, leaving the promise of pollution-free cars unfulfilled.

elmundo.es

🌐 75% Global Worthiness

May 28, 22:13

Cabify's 2024 Report: 14.3% Gross Profit Increase Despite Revenue Dip

Cabify reported a 14.3% increase in gross profit to €112 million in 2024, despite a 4.6% revenue decrease to €760 million due to exchange rate effects in Argentina. The company highlights its highest profitability level, driven by efficient investments and strategic partnerships for decarbonization,...

Cabify's 2024 Report: 14.3% Gross Profit Increase Despite Revenue Dip

Cabify reported a 14.3% increase in gross profit to €112 million in 2024, despite a 4.6% revenue decrease to €760 million due to exchange rate effects in Argentina. The company highlights its highest profitability level, driven by efficient investments and strategic partnerships for decarbonization,...

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Decent Work and Economic Growth

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How did Cabify's strategic partnerships contribute to its financial performance and sustainability goals?

Cabify's improved profitability reflects sustainable value and efficient investments. The company reached economic profitability in 2019 and has maintained EBITDA breakeven since 2022. Cabify Logistics saw a 54% revenue increase.

theguardian.com

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May 28, 07:12

Tesla Factory Approved Despite Overwhelming Community Opposition

The City of Marion council approved the sale of land for a Tesla battery-recycling facility despite 95% of public submissions opposing it due to environmental concerns and anti-Elon Musk sentiment; the mayor argued that the site is contaminated and the facility would create 100 jobs.

Tesla Factory Approved Despite Overwhelming Community Opposition

The City of Marion council approved the sale of land for a Tesla battery-recycling facility despite 95% of public submissions opposing it due to environmental concerns and anti-Elon Musk sentiment; the mayor argued that the site is contaminated and the facility would create 100 jobs.

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How did the council balance economic factors with strong community opposition and environmental concerns in reaching its decision?

The council's decision balances strong community opposition against economic benefits, highlighting a conflict between local concerns and broader economic development priorities. While the mayor acknowledged the passionate opposition to Elon Musk, he emphasized the site's contaminated soil and the potential job creation. Compromises included tree replacement and retention of some significant trees.

cnn.com

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May 27, 16:11

Tesla's European Sales Plummet 53% Amidst Growing Competition

Tesla's European Union sales fell by 53% in April 2024 compared to the previous year, while the overall EU electric vehicle market grew by 26%, marking the first time BYD outsold Tesla in Europe, highlighting intensifying competition and consumer backlash against Elon Musk.

Tesla's European Sales Plummet 53% Amidst Growing Competition

Tesla's European Union sales fell by 53% in April 2024 compared to the previous year, while the overall EU electric vehicle market grew by 26%, marking the first time BYD outsold Tesla in Europe, highlighting intensifying competition and consumer backlash against Elon Musk.

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Responsible Consumption and Production

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What caused Tesla's dramatic sales decline in the EU during April 2024, and what are the immediate consequences?

Tesla's EU sales plummeted 53% in April 2024 compared to April 2023, marking four consecutive months of decline. This contrasts with a 26% rise in overall EU electric vehicle sales during the same period. Chinese competitor BYD narrowly surpassed Tesla in European BEV sales for the first time in April.

tr.euronews.com

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May 27, 13:10

BYD Stock Plunges on Price Cuts Amidst Chinese EV Price War

BYD, China's largest electric vehicle maker, experienced an 8.6% share price drop on Monday due to significant price cuts on 22 models, sparking concerns of a price war in the Chinese EV market; however, BYD maintains strong growth, surpassing Tesla in European sales in May and aiming for 5.5 millio...

BYD Stock Plunges on Price Cuts Amidst Chinese EV Price War

BYD, China's largest electric vehicle maker, experienced an 8.6% share price drop on Monday due to significant price cuts on 22 models, sparking concerns of a price war in the Chinese EV market; however, BYD maintains strong growth, surpassing Tesla in European sales in May and aiming for 5.5 millio...

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Responsible Consumption and Production

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What is the immediate impact of BYD's price cuts on its share price and the broader Chinese EV market?

BYD, China's largest electric vehicle (EV) maker, saw its shares plummet 8.6% on Monday due to significant price cuts on several models, sparking concerns about a new price war in the Chinese EV market. This decline continued into Tuesday's Asian trading session, with shares falling a further 4% by 5:00 am Hong Kong time. Despite the drop, BYD shares are still up over 50% year-to-date on the Hong Kong Stock Exchange.

edition.cnn.com

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May 28, 16:12

Musk's Return to "24/7" Work Amidst Tesla's Crumbling Sales

Facing plummeting sales and multiple setbacks across his companies, Elon Musk has resumed "24/7" work, aiming to address Tesla's 50% drop in European sales and the Cybertruck's poor performance, while simultaneously preparing for an Austin robotaxi launch.

Musk's Return to "24/7" Work Amidst Tesla's Crumbling Sales

Facing plummeting sales and multiple setbacks across his companies, Elon Musk has resumed "24/7" work, aiming to address Tesla's 50% drop in European sales and the Cybertruck's poor performance, while simultaneously preparing for an Austin robotaxi launch.

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Decent Work and Economic Growth

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What is the immediate impact of Elon Musk's return to "24/7" work on Tesla's struggling performance and how will it affect investor confidence?

Elon Musk has returned to "spending 24/7 at work" after a period of political involvement, amidst significant challenges across his companies. Tesla's sales are plummeting, with European sales down 50% year-over-year for the fourth consecutive month, largely due to consumer rejection of Musk's political stances and competition from cheaper Chinese EVs.

zeit.de

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May 28, 07:12

Rising German Car Prices Outpace Salary Growth, Driving Down Sales

A study by Oliver Wyman and Jato Dynamics reveals that despite a 24 percent increase in German net salaries between 2019 and 2024, new car prices surged by 40 percent, leading to decreased affordability and a 22 percent drop in new car sales; the shift to electric vehicles is a major factor.

Rising German Car Prices Outpace Salary Growth, Driving Down Sales

A study by Oliver Wyman and Jato Dynamics reveals that despite a 24 percent increase in German net salaries between 2019 and 2024, new car prices surged by 40 percent, leading to decreased affordability and a 22 percent drop in new car sales; the shift to electric vehicles is a major factor.

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Reduced Inequality

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What is the impact of rising new car prices and increasing salaries on car affordability in Germany between 2019 and 2024?

Between 2019 and 2024, German net salaries increased by 24 percent, reaching almost €32,400 annually. However, new car prices rose by 40 percent to nearly €41,800, resulting in decreased affordability. In 2019, a new car cost 1.16 annual salaries; in 2024, it was 1.29.

nos.nl

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May 28, 13:13

Netherlands Surpasses One Million Plug-in Electric Vehicles

In the first quarter of 2024, the Netherlands reached over one million plug-in electric vehicles (PEVs), with private ownership exceeding 500,000 for the first time, driven by increased availability and government incentives, although adoption remains higher among business owners.

Netherlands Surpasses One Million Plug-in Electric Vehicles

In the first quarter of 2024, the Netherlands reached over one million plug-in electric vehicles (PEVs), with private ownership exceeding 500,000 for the first time, driven by increased availability and government incentives, although adoption remains higher among business owners.

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Climate Action

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What are the key factors driving the increase in plug-in electric vehicle ownership in the Netherlands, and what are the immediate consequences?

The Netherlands surpassed one million plug-in electric vehicles (PEVs) in the first quarter of 2024, exceeding 500,000 privately owned PEVs for the first time. This surge is attributed to increased availability and government incentives, though PEVs remain more prevalent among company car drivers (39%) than private owners (6%).

nos.nl

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May 28, 13:13

Netherlands Surpasses One Million Plug-in Electric Vehicles

The Netherlands reached a milestone in the first quarter of 2024 with over one million plug-in electric vehicles (PEVs), driven by government incentives and increased model availability, although fully electric adoption lags behind hybrids.

Netherlands Surpasses One Million Plug-in Electric Vehicles

The Netherlands reached a milestone in the first quarter of 2024 with over one million plug-in electric vehicles (PEVs), driven by government incentives and increased model availability, although fully electric adoption lags behind hybrids.

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Climate Action

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How does the distribution of plug-in electric vehicle ownership differ between private and business users, and what factors explain these differences?

The surge in PEVs is attributed to favorable tax regulations and subsidies for business use, alongside increased model availability boosting private ownership. While positive, the rise is largely driven by hybrid vehicles, highlighting the need for stronger incentives to make fully electric cars more appealing to private consumers.

smh.com.au

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May 27, 07:11

China's EV Market: Oversupply and Price War

China's electric vehicle market is facing a price war due to oversupply and weak consumer demand, leading to financial stress for manufacturers and a potential global trade conflict.

China's EV Market: Oversupply and Price War

China's electric vehicle market is facing a price war due to oversupply and weak consumer demand, leading to financial stress for manufacturers and a potential global trade conflict.

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Industry, Innovation, and Infrastructure

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What are the underlying causes of the oversupply and weak demand in China's EV market?

The oversupply stems from a rapid expansion of EV manufacturers in the past five years, now consolidating to around 60 from 500, but still too many for market sustainability. Weak demand is due to subdued consumer spending amid economic slowdown and limited effectiveness of government incentives. This mirrors the property sector crisis, highlighting resource misallocation.

welt.de

🌐 85% Global Worthiness

May 27, 07:10

BYD Overtakes Tesla in European Car Sales

In April 2024, BYD edged out Tesla in European car sales (7,231 vs 7,165), marking a significant shift in the market. BYD's success, however, is largely driven by fleet sales, with only a small percentage going to private customers, raising concerns about long-term market sustainability and brand bu...

BYD Overtakes Tesla in European Car Sales

In April 2024, BYD edged out Tesla in European car sales (7,231 vs 7,165), marking a significant shift in the market. BYD's success, however, is largely driven by fleet sales, with only a small percentage going to private customers, raising concerns about long-term market sustainability and brand bu...

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Affordable and Clean Energy

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What is the significance of BYD surpassing Tesla in European car sales in April 2024?

In April 2024, BYD narrowly surpassed Tesla in European car sales, selling 7,231 vehicles compared to Tesla's 7,165. This marks a significant turning point, given Tesla's long-standing market leadership and BYD's relatively recent entry. However, BYD's sales heavily rely on fleet and dealer registrations, with only 12% of its German sales going to private customers.

Showing 97 to 108 of 980 results