Electric vehicles
Tesla's sales of electric vehicles (EVs) surged in Turkey in August, placing the company in the No. 2 spot ahead of traditional European and Japanese rivals. The US brand's success can be attributed to Turkish buyers seeking tax breaks and a currency hedge. The data from
Electric vehicles
Leading banking lobbies in the US have voiced concerns that new stablecoin regulations will spark trillions of dollars worth of outflows due to a perceived loophole that allows some crypto exchanges to indirectly pay interest to stablecoin holders. Meanwhile, global business news is filled with major mergers, market updates, and
Electric vehicles
Tesla's electric car sales in Europe plummeted 40% in July, with the company selling only 8,837 cars, compared to 14,769 in the same period last year. This decline comes as their Chinese rival BYD has more than tripled its sales in the region, with 13,503
Electric vehicles
As September approaches, the Driver and Vehicle Licensing Agency (DVLA) is warning car buyers about significant changes to vehicle tax laws. With the increasing popularity of electric vehicles (EVs), owners can no longer enjoy the tax-free perk, and will now be subject to annual vehicle tax payments. This shift has
Electric vehicles
A critical situation is unfolding in the Canadian agricultural sector as one of the country's biggest customers, China, slaps a 76% tariff on canola seed in retaliation for a 100% tariff applied by Canada on Chinese electric vehicles. The Canadian government's decision to impose the tariff
Electric vehicles
As the clock ticks closer to the implementation of Donald Trump's 50% tariffs on India, Prime Minister Narendra Modi has made a strong push for promoting domestic products and boosting the economy through "swadeshi" initiatives. On Tuesday, PM Modi flagged off the exports of Maruti Suzuki&
Electric vehicles
Western car brands are shifting their focus towards luxury models, giving Chinese electric vehicles (EVs) a competitive edge in the UK market. Chinese manufacturers have secured a lead in manufacturing smaller EVs, with strengths in battery supply chains, manufacturing efficiency, and software. The charity associated with motor sports' governing
Electric vehicles
The UK Government has announced that the Driver and Vehicle Licensing Agency (DVLA) will introduce new policies for registering repaired, restored, and modified vehicles, effective from Tuesday, 26 August 2025. The new guidance aims to simplify the registration process for classic car owners and enthusiasts, reflecting modern restoration methods and
Electric vehicles
Tesla Inc has introduced significant discounts of up to 40 percent for car leasing firms in the UK to combat a declining market share and a severe sales slump. The move aims to make its electric vehicles more attractive and affordable for customers. This strategic shift comes as the company
Electric vehicles
The automotive industry in China continues to grow, with an expected 27.6 million units in 2024, an increase from 26.1 million units in 2023. The Chinese government's subsidies to scrap old vehicles and the rise of Chinese domestic original equipment manufacturers (OEMs) have strengthened sales. However,
Electric vehicles
As the narrow streets of Kathmandu choke with engines, a new kind of motor has started to ease the crush. Electric vehicles are taking over, driven by government policies aimed at leveraging Nepal's wealth of hydropower. The transition is moving quickly, with electric vehicles accounting for 76% of
Electric vehicles
Urban Science, a leading automotive consultancy and technology firm, has integrated electric vehicle (EV) charging station analysis into its MarketView solution, a sales performance analytics tool for original equipment manufacturers (OEMs) and dealers. The new feature provides critical insights into charging infrastructure availability and convenience, enabling OEMs and dealers to
