- Major automakers have largely shunned India when it comes to investing in electric vehicle (EV) assembly plants and battery gigafactories.
- However, some leading industry players, including Tesla, Byd, Fisker Motors, Nissan, and Renault, have shown interest in manufacturing EVs and batteries in India.
- India has become the world's third-largest auto market and surpassed China as the most populous nation.
- The Indian government recently blocked Byd's proposal, potentially due to geopolitical tensions between India and China.
- Tesla CEO Elon Musk has expressed optimism about India's EV potential, stating that it has "more promise than any large country in the world."
- China currently dominates the electric vehicle, battery, and critical metals industries.
- However, other countries, such as Australia, India, and the US, have started pushing back against Chinese investment in these industries.
- There is suspicion and concern about Chinese EV companies in countries like France, which is calling for an investigation into unfair subsidies by the Chinese government.
- This could potentially lead to new tariffs on Chinese EV imports to the EU.
- China's recent actions, such as threatening to curb exports of important materials and banning coal imports from Australia, have further fueled concerns about dependence on China.
The article discusses the potential for the West to use China's economic slowdown to gain an advantage in the electric car race, highlighting the need for a different approach to counter China's advantage. The author suggests welcoming Chinese investment and immigration of skilled Chinese scientists to strengthen the American EV industry and potentially weaken China.
Europe's carmakers are facing a tough battle to catch up with China in the development of affordable and consumer-friendly electric vehicles, with Chinese EV makers already a generation ahead, according to industry analysts and executives at Munich's IAA mobility show.
The EU's plan to ban new gasoline and diesel vehicles by 2035 poses a significant risk to European car manufacturers who may struggle to compete with Chinese EV manufacturers in a price war, according to BMW chairman Oliver Zipse.
China's share of the European electric car market has more than doubled in less than two years, with the UK being the largest market for Chinese electric car brands, as new battery electric technology and lower prices have boosted sales and wiped away concerns about lower-quality cars, posing an "imminent risk" to the European industry, according to industry experts.
The Biden administration faces pressure to deliver on its promise of better wages and benefits for workers at electric vehicle facilities as negotiations between the United Auto Workers union and major US automakers continue, with the announcement of up to $12 billion in loans from the Department of Energy to retrofit existing manufacturing facilities for EV production and create high-paying union jobs.
Lucid is exploring the possibility of entering the Chinese electric car market, but has not yet set a timeline for its entry, according to a top executive at the company. Lucid recognizes China as the world's largest and fastest adopting EV market, but wants to ensure it enters on the right terms to avoid mistakes. The company is currently assessing the viability of entering the market and considering factors such as pricing and manufacturing strategy. Additionally, Lucid plans to expand its product range to include lower-priced vehicles, with a mid-sized car potentially being unveiled in 2026. However, entering the mass-market segment will take time and require a strong supply base and the right pricing.
House Republicans plan to vote on a bill that would block states, including California, from implementing electric vehicle (EV) mandates, arguing that EVs cannot meet the demands of their constituents and that consumer choice needs to be protected.
Energy Secretary Jennifer Granholm's staff caused chaos by using a gas-powered car to block an electric vehicle (EV) charger during a road trip, drawing attention to the logistical issues faced by zero-emissions cars.
Tesla is expected to benefit from European protectionist measures as regulators crack down on Chinese electric vehicle (EV) competition, causing stocks of Chinese EV companies like NIO and XPeng to plunge.
The European Commission has launched an investigation into whether to impose punitive tariffs on Chinese electric vehicle (EV) imports that it considers to be benefiting from state subsidies, as the Chinese share of the European EV market has reached 8% this year.
China accuses the European Union of "blatant protectionism" following an "anti-subsidy" investigation into China's electric vehicle makers, posing a threat to China-EU trade relations and potentially leading to tariffs on Chinese EVs.
The European Union's increasing scrutiny of Chinese electric-vehicle companies has caused tension between the two, impacting the EV space and EU-China relations.
The recent strike by auto workers at GM, Ford, and Stellantis will further advantage Tesla in the electric vehicle industry, as EVs require fewer parts and therefore fewer jobs compared to gas-powered vehicles.
Americans' hesitations to buy electric vehicles (EVs) are largely due to concerns around charging, with surveys showing that a lack of charging stations is a significant barrier to purchase, but efforts are being made to expand and improve the U.S. charging landscape through major incentives, partnerships, and the development of a single charging standard like Tesla's NACS plug design.
Former Vice President Mike Pence blames the Biden administration's push toward electric vehicles for the ongoing United Auto Workers strikes, claiming that the green energy agenda is good for Beijing and bad for American autoworkers and Detroit.
Electric vehicle sales are rapidly increasing worldwide, leading to a decline in gas- and diesel-powered vehicle sales, but the US government continues to project a growing demand for oil, raising concerns about the accuracy of these projections and the consequences if they are wrong.
Despite electric vehicle (EV) sales hitting records in the U.S., concerns arise as EVs are selling slower than expected due to excess inventory and weaker demand in regions like Michigan and Ohio, which could be attributed to cold weather impacting EV range, requiring smarter marketing and incentives from manufacturers like Ford and GM to drive adoption.
Despite the record-breaking sales of electric vehicles in the U.S., Ford and GM are urged to develop new strategies to compete with Tesla based on new EV data.
European Union's ongoing subsidy investigation on China may include non-Chinese brands of electric cars, such as Tesla and BMW, due to evidence of significant distortions in the European market caused by cheaper offerings from Chinese-made products.
The transition to electric vehicles in the US could face a setback under a second Donald Trump presidency, as his opposition to EVs and proposed policy reversals on incentives and regulations may undermine automakers' investments and hand control to foreign manufacturers.
The rise of electric vehicles in China is causing a shakeout in the auto market, with midsize automakers struggling to compete with local rivals and the government supporting select companies in its bid to become an automotive powerhouse.
Legacy carmakers like Ford are struggling to catch up with the electric vehicle (EV) revolution led by Tesla and Chinese competitors, as they face a significant technology gap and higher production costs, which hinder their ability to deliver affordable EVs while governments are planning to ban or limit gas and diesel car sales.
Electric Drive Transportation Association President Genevieve Cullen believes that the future of electric vehicles (EVs) is promising, as three factors - technology, policy, and markets - are driving the adoption and expansion of EVs. Despite concerns from autoworker unions about potential job losses, the rise of EVs is unstoppable, with increasing sales and government support.
Chinese electric vehicle companies NIO, XPeng, and Li Auto are benefiting from an ongoing price war, with their EV deliveries looking strong.
Conservative politicians on both sides of the Atlantic are challenging electric cars, which could hinder efforts to combat climate change and transition away from fossil fuels.
A new report by ICF Climate Center suggests that the US can achieve net zero by 2050 through increased adoption of electric vehicles (EVs), building decarbonization, and clean energy, but emphasizes the need for additional investments, regulations, and policies to reach the required scale.
President Joe Biden's push to mine lithium in Nevada for electric car batteries has sparked a divisive debate between environmentalists and native communities, with concerns over environmental damage and the impact on historical sites and native rights.
Chinese automakers, such as BYD, are making a push into the European market with their low-cost electric vehicles, offering an attractive option for European consumers seeking affordable electric cars, but also posing a threat to Europe's traditional automakers who underestimated the electric revolution.
Automakers are facing a slowdown in demand for expensive battery-powered vehicles, leading to growing inventories and high discounts, raising questions about whether the industry pushed EVs too early.
Automakers are offering significant discounts on electric vehicles, particularly luxury models, as competition in the market grows and consumer interest in hybrids outweighs that in EVs.
President Joe Biden's support for electric vehicles may negatively impact his re-election chances as tension over the EV issue, which includes concerns about job security, rises among union workers and car companies in swing states such as Michigan.