While the Trump administration may be taking steps to slow EV adoption you wouldn’t know by the sales numbers which, in the U.S. are rising at a double-digit rate. Worldwide, demand is growing even more rapidly, with battery-electric models expected to account for more than one in four of the vehicles sold worldwide this year.
Waymo and Toyota are teaming up. The Japanese giant will help develop a new autonomous vehicle platform for the Google spin-off which has become the U.S. leader in driverless ride-sharing technology. The announcement comes days after VW and Uber revealed their own autonomous alliance. More from Headlight.News.
Motorists around the world are becoming increasingly comfortable with purchasing and owning EVs, according to a new study, though Americans lag well behind their counterparts in Europe and, in particular, China. Credit the longer range, faster charging and lower costs of newer EV models, consumers told McKinsey & Co. Headlight.News has more.
President Donald Trump formally announced that 25% tariffs targeting imported autos and auto parts will go into effect on April 3, though final details impacting some Canadian and Mexican imports have yet to be finalized. Trump promised the move will spur significant growth in the domestic auto industry. But many analysts, along with industry officials, warned it could result in a hit to industry sales and earnings, driving many potential customers out of the new vehicle market. Headlight.News has more.
Faced with strong resistance from domestic and foreign automakers alike, Pres. Donald Trump has reportedly folded and won’t put in place 25% tariffs on Mexican and Canadian autos and auto parts which, critics warned, could cripple the auto industry while also giving a hammer blow to the U.S. economy as a whole. More from Headlight.News.
It’s hard to find anything “analogous” in automotive history to the ongoing crisis at Tesla, JP Morgan warned, as the automaker’s global sales collapse, its stock price further tumbles and CEO Elon Musk’s once hero image goes up in flames. There are few signs Pres. Donald Trump’s enthusiastic endorsement of the brand last week will generate sales. If anything, Tesla itself now warns, the company could get caught up in Trump’s trade war.
European Union officials reaffirm 2035 ban on new gasoline cars while also making revisions to help automakers reach these targets easier as the market continues to shift.
A new report alleges Maserati has canceled the all-electric MC20 Folgore as the company moves to swiftly change its electrification plans as it continues to fight sliding sales and slumping demand for its products. Maserati is facing dark times as the Italian luxury...
BYD makes mobility history with the unveiling of its drone launch system for automobiles. Promises to expand availability of the system for future products.
Used car seller Carvana ventures into new territory with the firm buying its first dealership as the company attempts to enter the new car sales market with the purchase of Stellantis franchised dealership.
Leaked document appears to confirm the upcoming GT500 will debut with a new engine as Ford continues to stay silent amid swirling rumors about the model’s potential return
Mercedes-Benz details its new strategy as the company prepares for the launch of several new products while also making the cuts necessary to help it stay flexible in a changing market environment.