Volvo abandons goal of manufacturing exclusively electric vehicles by 2030

Volvo abandons goal of manufacturing exclusively electric vehicles by 2030

Stockholm. Swedish carmaker Volvo Cars on Wednesday scrapped its goal of becoming an all-electric manufacturer by 2030 and said it now expects to continue offering some hybrid models in its lineup then. Major carmakers have seen demand for electric vehicles slow, partly due to a lack of affordable models and slow rollout of charging points, … Read more

BYD China quarterly profit up 32.8%

BYD China quarterly profit up 32.8%

BeijingChinese electric vehicle maker BYD reported improved second-quarter net profit thanks to its expanded market lead, although it led a prolonged price war with aggressive discounts on its best-selling models. BYD’s net profit hit 9.1 billion yuan ($1.3 billion) in the April-June quarter, up 32.8 percent from a year earlier and its fastest growth since … Read more

BYD to build plant in Mexico

BYD to build plant in Mexico

Chinese electric carmaker BYD has narrowed its list of finalists for a production plant in Mexico that would supply Latin America to three states, the company’s Mexico CEO Jorge Vallejo said Wednesday. Although Vallejo declined to name the finalists, he did tell Reuters that they were those who offered a series of incentives to make … Read more

Rolls-Royce Spectre electric car received its first modification and looks “dazzling”

Rolls-Royce Spectre electric car received its first modification and looks “dazzling”

The Rolls-Royce Spectre is the brand’s first electric car, which has now arrived in a version that is unique in the world. Rolls-Royce arrived at Monterey Car Weekwith a exclusive copy of the Spectreof which only one has been built and only one will be built in the world. A very exclusive version that was … Read more

Unified tax for electric cars to be charged in the UAE from September 6 | Al Khaleej Newspaper

Unified tax for electric cars to be charged in the UAE from September 6 |  Al Khaleej Newspaper

Abu Dhabi: Adnan Najm The UAE will start implementing the unified charging service fee for charging electric vehicles starting next September 6, according to a decision issued by the Council of Ministers with No. 81 of 2024. The decision, which was published in the Official Gazette on July 8, stated that the federal, local and … Read more

Audi leaves her ring at home! The new range of electric cars developed by the Germans in China will not have the established brand (sources)

Audi leaves her ring at home!  The new range of electric cars developed by the Germans in China will not have the established brand (sources)

The new range of electric cars developed by Audi in China, for the Chinese market, it will not have the logo with four rings, said two people with direct information about the company’s plans, Reuters reports, cited by news.ro. The decision of the German flagship brand by Volkswagen is related to “brand image“, said one … Read more

Insured electrical and hybrid automobiles develop virtually 50 % yearly

Insured electrical and hybrid automobiles develop virtually 50 % yearly

Mexico Metropolis. In recent times, there was a rising world curiosity in inexperienced mobility, that’s, within the acquisition and use of hybrid and electrical automobiles as a substitute for low-environmental-impact mobility, which has elevated the variety of these insured automobiles by roughly 50 %, based on GNP. For that reason, he stated, the automotive trade … Read more