Latest Electric vehicles News

Morocco’s automotive industry shifts gears to prep for electric vehicle era

May. 15, 2024 11:06 AM EDT

TANGIERS, Morocco (AP) — A train that travels from rural northern Morocco to a port on the Mediterranean Sea carries no passengers. Three times a day, it brings hundreds of cars stacked bumper to bumper from a Renault factory outside Tangiers to vessels that transport them to European...

Edmunds: The five things you need to know before buying your first used Tesla

May. 15, 2024 06:13 AM EDT

It’s a good time to be in the market for a used Tesla. Tesla’s significant price cuts over the past year on its new cars have caused the prices of used Teslas to drop significantly. But buying a used Tesla isn’t as straightforward as buying a used Toyota, especially if you’ve never owned...

Europe's Stellantis and China's Leapmotor will sell electric cars in Europe in September

May. 15, 2024 05:36 AM EDT

HONG KONG (AP) — European carmaker Stellantis on Tuesday said it had formed a joint venture with the Chinese electric vehicle startup Leapmotor that will begin selling EVs in nine European countries later this year. Sales will begin in September for Belgium, France, Italy, Germany,...

Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum — and snipes at Trump

May. 14, 2024 17:45 PM EDT

WASHINGTON (AP) — President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment on Tuesday, taking potshots at Donald Trump along the way as he embraced a strategy that's increasing friction between the world's...

Mining giant Anglo American to break up its sprawling business as it tries to fend off takeover

May. 14, 2024 17:05 PM EDT

LONDON (AP) — Mining giant Anglo American PLC plans to break up its sprawling worldwide business — including spinning off the DeBeers diamond operation — as it seeks to fend off a takeover and focus on minerals that are expected to boom amid the global shift to green energy. ...

New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices

May. 14, 2024 16:43 PM EDT

WASHINGTON (AP) — New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers. They could raise prices on certain specific items, experts say, though a broad inflationary impact is unlikely in the short...

US suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico

May. 14, 2024 15:35 PM EDT

WASHINGTON (AP) — The Biden administration is suggesting the possibility that additional penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed...

New industry readies for launch as researchers hone offshore wind turbines that float

May. 14, 2024 07:21 AM EDT

ORONO, Maine (AP) — As waves grew and gusts increased, a wind turbine bobbed gently, its blades spinning with a gentle woosh. The tempest reached a crescendo with little drama other than splashing water. The uneventful outcome is exactly what engineers aimed for. The...

Xi's visit to Hungary and Serbia brings new Chinese investment and deeper ties to Europe's doorstep

May. 14, 2024 00:07 AM EDT

BUDAPEST, Hungary (AP) — When Chinese President Xi Jinping visited Hungary last week, he arrived to one of the few places in the European Union where his country is considered an indispensable ally rather than a rival. By the time he left on Friday, he'd secured deals that provide fertile ground...

Stock market today: Asian shares mixed in muted trading after Wall Street barely budges

May. 13, 2024 23:28 PM EDT

TOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data. Japan's benchmark Nikkei 225 lost early gains and was trading less than 0.1% higher at 38,194.38. Australia's...