Latest Electric vehicles News

Average US vehicle age hits record 12.6 years as high prices force people to keep them longer

May. 22, 2024 17:15 PM EDT

DETROIT (AP) — Cars, trucks and SUVs in the U.S. keep getting older, hitting a record average age of 12.6 years in 2024 as people hang on to their vehicles largely because new ones cost so much. S&P Global Mobility, which tracks state vehicle registration data nationwide, said...

How is the violent unrest in New Caledonia impacting global nickel prices?

May. 22, 2024 06:57 AM EDT

JAKARTA, Indonesia (AP) — Global nickel prices have soared since deadly violence erupted in the French Pacific territory of New Caledonia last week. The overseas territory, which has been under French rule for over 170 years, is a major global producer of the critical material...

Edmunds: The Four Best Auto Deals for Memorial Day Weekend

May. 22, 2024 06:27 AM EDT

Memorial Day weekend is often considered to be the kick-start to summer and, for car shoppers looking for the best finance and lease deals, a great opportunity to take advantage of a marketplace finally returning to normalcy. “It’s time for car shoppers to dust off their old,...

Group of Tesla shareholders ask investors to vote against Musk's compensation package

May. 21, 2024 10:29 AM EDT

A group of Tesla shareholders is asking investors to vote against a compensation package worth more than $40 billion for CEO Elon Musk, saying that it's not in the electric vehicle maker's best interest. Tesla is struggling with falling global sales, slowing electric vehicle demand,...

Corn, millet and ... rooftop solar? Farm family’s newest crop shows China’s solar ascendancy

May. 20, 2024 21:10 PM EDT

JINAN, China (AP) — Shi Mei and her husband earn a decent enough living by growing corn and millet on their small farm in eastern China's Shandong province. In 2021, they diversified by investing in solar energy — signing a contract to mount some 40 panels on their roof to feed energy to the...

Company wins court ruling to continue development of Michigan factory serving EV industry

May. 20, 2024 12:59 PM EDT

GREEN TOWNSHIP, Mich. (AP) — A judge has ordered a Michigan community to stop blocking efforts to bring a major electric vehicle battery business to a rural region. Gotion, a China-based manufacturer, was granted a preliminary injunction Friday after arguing that Mecosta County's...

Nickel-rich Indonesia pitches EV battery plant plan to Elon Musk

May. 20, 2024 10:52 AM EDT

DENPASAR, Indonesia (AP) — Indonesia’s top investment official said Monday that the government has proposed to Tesla CEO Elon Musk the construction of an electric vehicle battery plant in the nickel-rich country. The official spoke after Musk met with Indonesian President Joko...

Federal judge hears challenges to NYC’s fee for drivers into Manhattan

May. 17, 2024 18:25 PM EDT

NEW YORK (AP) — New York’s first-in-the-nation plan to levy a hefty toll on drivers entering much of traffic-choked Manhattan was the focus of a legal battle that played out in federal court Friday. A Manhattan judge heard arguments in lawsuits brought by unionized public school...

The unofficial spokesman for the American muscle car, Tim Kuniskis, is retiring

May. 17, 2024 13:54 PM EDT

DETROIT (AP) — Tim Kuniskis, CEO of the Ram and Dodge brands and the unofficial voice of American muscle cars, is retiring after nearly 32 years with Stellantis. The announcement Friday comes as Stellantis struggles with U.S. sales as it begins the transition from internal...

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

May. 16, 2024 11:37 AM EDT

TOKYO (AP) — Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China. “Honda has not changed its belief that EVs...