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Europe

Every EVXL story tagged “Europe” — newest first.

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Trump Slashes Auto Tariffs: A Win for EV Makers and Consumers. Tesla Model 3 and Model Y
Tesla

Tesla’s Q3 Sales Surge Signals Potential EV Market Recovery

Tesla’s latest quarterly report has injected a dose of optimism into the electric vehicle sector. The EV pioneer saw a 6.4% year-over-year increase in global sales for Q3 2024, delivering 462,890 vehicles from July through September. This marks Tesla’s first quarterly growth in 2024, as reported by The New York Times. Clever Financing Fuels Sales…

BYD Crusade Against Online Defamation
Tesla

EU Approves Tariffs on Chinese EVs, but Will It Be Enough?

The European Union has taken a stand against Chinese electric vehicle imports, voting to impose tariffs of up to 35% on battery cars from China. This move comes as the EU tries to protect its auto industry from what it sees as unfair competition. A Narrow Victory for Tariffs Despite opposition from major players like…

UK Carmakers Offer $2.6 Billion in EV Discounts, Still Miss Sales Targets
Tesla

UK Carmakers Offer $2.6 Billion in EV Discounts, Still Miss Sales Targets

Automakers in the UK are set to provide at least £2 billion ($2.6 billion) in electric vehicle discounts this year, yet they’re still falling short of the government’s sales mandate, according to a Bloomberg report. Record EV Registrations, but Not Enough Despite steep price cuts driving battery-electric vehicle registrations to a record high in September,…

Tesla Emerges Victorious in Autopilot Crash Lawsuit - Tesla's 11-Day Winning Streak Shakes Short Sellers
Tesla

Tesla Rides High on Q3 Delivery Projections and Robotaxi Promise

Deutsche Bank analyst Edison Yu has maintained a Buy rating on Tesla (TSLA) with a price target of $295.00, according to a report from TipRanks. This optimistic outlook stems from Tesla’s anticipated strong performance in Q3 2024 and exciting developments in its robotaxi program. Robust Q3 Delivery Forecast Yu projects Tesla’s Q3 2024 deliveries to…

Volvo

Volvo Taps the Brakes on All-Electric Ambitions, Citing Market Realities

In a surprising turn of events, Volvo, once a trailblazer in the electric vehicle revolution, is now easing off the accelerator on its ambitious all-electric plans. This strategic shift comes as the Swedish automaker grapples with a market that’s not quite as enthusiastic about EVs as initially anticipated, according to a recent report from The…

Tesla

US Proposes Sweeping Ban on Chinese Tech in Cars, Citing National Security Concerns

The US Commerce Department has proposed a far-reaching rule that could effectively ban Chinese-developed software and connectivity-related hardware in cars sold in the United States. This move, reported by The New York Times, is part of a broader effort by the Biden administration to limit Chinese influence in the automotive sector, particularly in the rapidly…

EV Giant Nio Plans Drastic Job Reductions Amid Rivalry
NIO

Chinese EV Giant Nio Pushes Back Against US, EU Tariffs

Nio Inc., a leading Chinese electric vehicle manufacturer, is voicing strong opposition to recent tariff measures proposed by the United States and European Union on Chinese EVs. This pushback comes amidst rising trade tensions and debates over fair competition in the global EV market. Nio Founder Calls Tariffs ‘Unreasonable’ According to a Bloomberg News report,…

Siemens Spins Off EV Charging Biz to Juice Up Growth
Tesla

Siemens Spins Off EV Charging Biz to Juice Up Growth

Siemens is carving out its electric vehicle (EV) charging business, aiming to charge up growth in this booming sector. The German industrial giant announced on Monday that it plans to separate its Siemens eMobility unit, combining it with recently acquired DC fast-charging specialist Heliox under a new legal structure. Riding the EV Wave The EV…

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