Swedish automaker Volvo announced on Tuesday plans to become a fully electric car company by 2030, a company statement reported. According to Volvo, the automaker intends to only sell fully electric cars and phase out any car in its global portfolio with an internal combustion engine, including hybrids. The company’s transition towards becoming a fully […]
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Ford is vowing to convert its entire passenger vehicle lineup in Europe to electric power by 2030 in just the latest sign of the seismic technological changes sweeping the auto industry. Ford will spend $1 billion to revamp its factory in Cologne, Germany and make it a base for production of battery powered cars using […]
When General Motors boldly announced its goal last month to make only battery-powered vehicles by 2035, it didn’t just break from more than a century of internal combustion engines. It also clouded the future for 50,000 GM workers whose jobs could become obsolete far sooner than they knew. The message was clear: As a greener […]
Chinese automaker Geely says it will form an electric car venture with tech giant Baidu, adding to a flurry of corporate tie-ups in the industry to share soaring technology development costs. Geely Holding Group, which also has separate electric car brands, said Monday the venture with Baidu.com Inc. would focus on intelligent and connected vehicles. […]
Earlier this week, Tesla sent out its “full self-driving” software to a small group of owners who will test it on public roads. But buried on its website is a disclaimer that the $8,000 system doesn’t make the vehicles autonomous and drivers still have to supervise it. The conflicting messages have experts in the field […]
Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China’s electric car industry in the biggest foreign investment announced since the country’s economy began to reopen following the coronavirus pandemic. Volkswagen AG said Friday it will buy control of its electric vehicle venture with a Chinese partner in a 1 billion […]
British telecom group, BT Group, is repurposing obsolete DSLAM boxes into electric vehicle charging stations.
Tesla announces global job cuts in response to falling sales and intense competition in the electric vehicle market.
Europe's automakers face tough competition from leaner Chinese rivals in the electric vehicle market leading to cutting costs to compete.
Tesla Inc has slashed prices of its Model Y cars in Germany, where it lost the spot as top electric vehicle seller to Volkswagen in 2023.