WednesdayAug 07, 2024 10:00 am

Uber, BYD to Put 100K EVs on Roads in Major Markets, Excluding the US

Chinese automotive giant BYD and American ride-hailing service Uber have revealed that they are teaming up to put a whopping 100,000 battery electric vehicles on roads in major markets outside the United States. A recent Bloomberg report noted BYD is set to provide Uber with tens of thousands of electric cars to run under its ride-hailing service in Canada, Europe, the Middle East, Latin America, New Zealand and Australia, with lower vehicle financing and pricing for drivers. The United States, currently one of the largest electric-vehicle markets in the world, was conspicuously absent from Uber and BYD’s agreement. This is…

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MondayAug 05, 2024 10:00 am

Chinese EV Companies Register Sales Surge as EU Motorists Look to Buy Before Tariffs Bite

Chinese electric-vehicle companies registered a surge in EV sales in the European market, currently the second-largest electric vehicle market on the globe, in June as customers raced to beat the impending tariffs on Chinese EVs. As with the United States, the European Union has taken a somewhat combative stance against new energy vehicles manufactured in China. However, while the U.S. recently passed a 100% import tariff on Chinese electric-vehicle imports, the European Union adopted milder import tariffs. Even so, these tariffs will cause Chinese electric cars to lose their affordability once they hit European ports, eliminating the crucial factor that…

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FridayAug 02, 2024 10:00 am

Data Shows Electric Vehicles More Affordable in 2024

A recent Automotive News report has revealed that electric vehicles are cheaper in 2024 compared to previous years. Even though battery electric vehicle (BEV) sales have seen a notable fall in recent months, data from the report shows that EVs are easier to buy this year. According to the report, this is largely due to the 2022 Inflation Reduction Act, a landmark bill that invested significantly into America's green-energy sector. Battery electric vehicles have been more expensive than gas-powered cars for most of the EV industry's existence, a barrier to EV adoption that the United States and other countries have…

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