Electric vehicles
General Motors has achieved a major milestone by setting a world record for electric vehicle range with its 2026 Chevrolet Silverado EV Work Truck. The vehicle successfully traveled 1,059.2 miles on a single charge, eclipsing the previous record held by Lucid Motors. This achievement comes as General Motors
Electric vehicles
Ford is investing $2 billion in a US site to overhaul its operations and produce affordable electric vehicles, a move aimed at countering Chinese rivals such as BYD. The company plans to use a new universal EV platform to produce a midsize, four-door electric pick-up with a price tag starting
Electric vehicles
The UK Government has announced that thirteen additional electric car models are now eligible for its new grant scheme, following the initial four Citroen models announced on Tuesday. The grant, worth £650 million, allows motorists to save either £1,500 or £3,750 on the purchase of new electric cars
Electric vehicles
Japanese car manufacturers led the declines in electric vehicle (EV) sales in the first half of 2025, with Honda and Mazda experiencing the most significant drops. The Energy and Climate Intelligence Unit (ECIU) warn that the stakes are high for companies that fail to prioritize the transition to electric motoring.
Electric vehicles
British car buyers are increasingly turning to environmentally friendly alternatives, such as electric vehicles, despite the overall decline in new car sales. According to data released by the Society of Motor Manufacturers and Traders (SMMT), the number of pure electric vehicles (BEVs) sold in the UK rose 9.1% in
Electric vehicles
As the US federal government dismantles incentives for electric vehicle purchases, sales of Teslas and other EVs are plummeting. However, analysts point to a growing global market and the increasing popularity of EVs among many consumers. Despite the current slump, experts predict that electric vehicles will remain a significant part
Tariffs
Pakistan's automobile industry is bracing for significant changes as the government implements reforms backed by the International Monetary Fund (IMF), which could lead to the closure of over 1,200 manufacturing plants, a leading members of the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) warned. The
Trade agreements
Despite the hopes of many UK automakers to speedily enter the Indian market following the India-UK free trade agreement, the path to success is proving to be more challenging than expected. The deal offers reduced tariffs for luxury car imports but with strict quotas and tight limits on annual exports.
Tariffs
BMW Chief Executive Oliver Zipse has expressed his skepticism regarding the devastating impact of US tariffs on European car imports, contradicting his competitors' dire warnings. Speaking on Thursday, Mr. Zipse stated that the tariff discussion is "way exaggerated and also its effects on the industry" and emphasized
Tariffs
Car manufacturers around the world, including Mercedes-Benz, Porsche, and Aston Martin, are facing significant financial losses due to the escalating trade war between the US and its trading partners. The tariffs imposed by the US have had a devastating impact on sales, profits, and production levels for these companies, with
Trade agreements
European leaders have expressed reservations about the recently agreed-upon trade deal with the US, citing potential economic damage. German Chancellor Friedrich Merz stated that the agreement will cause "considerable damage" to the European economy, leading to increased inflation and affecting transatlantic trade. French Prime Minister Francois Bayrou echoed
Tariffs
As the Trump administration's tariffs continue to take effect, Ohio's automotive industry is facing significant challenges. The Big Three automakers, who employ 86,000 workers in vehicle and parts manufacturing in the state, are grappling with escalating costs and tumbling profits. The cumulative tariff costs for
