electric vehicles

Indian market is an “exception”, growing steadily when demand for premium vehicles slowing down in developed countries: Jean-Philippe Parain, Senior Vice President, BMW Group

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Indian market is an “exception”, growing steadily when demand for premium vehicles slowing down in developed countries: Jean-Philippe Parain, Senior Vice President, BMW Group

The Indian market is an “exception”, growing steadily and sustainably at a time when demand for premium vehicles in several developed countries like China, Japan and Korea have started slowing down amid weak customer sentiments, Jean-Philippe Parain, Senior Vice President, Region Asia-Pacific, Eastern Europe, Middle East and Africa, BMW Group said. Parain, along with Markus … Read more

U.S. futures fall as Alphabet, Tesla earnings disappoint

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U.S. futures fall as Alphabet, Tesla earnings disappoint

Traders work on the floor of the New York Stock Exchange (NYSE) on July 22, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more

Tesla shares fall 8% in premarket trading after weaker-than-expected earnings

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Tesla shares fall 8% in premarket trading after weaker-than-expected earnings

Elon Musk, CEO of Tesla. Antonio Masiello | Getty Images Tesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business. Elon Musk’s electric vehicle firm reported that automotive revenue dropped 7% year-on-year in the June quarter … Read more

‘Green New Scam’ Donald Trump Says He’ll End The EV Mandate That Exists In His Imagination On Day One

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‘Green New Scam’ Donald Trump Says He’ll End The EV Mandate That Exists In His Imagination On Day One

Good morning! It’s Friday, July 19, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. New York Joins California, Banning Non-Electric Vehicles After 2035 1st Gear: Trump Tells RNC He’ll End EV Mandate … Read more

Dow drops, Netflix beats estimates, Nvidia rebounds

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Dow drops, Netflix beats estimates, Nvidia rebounds

Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 31, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Dow drops, Netflix beats, Nvidia rebounds

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Dow drops, Netflix beats estimates, Nvidia rebounds

Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more

‘Loophole’ may get you a $7,500 tax credit for leasing an EV

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‘Loophole’ may get you a ,500 tax credit for leasing an EV

Maskot | Maskot | Getty Images Buying a new electric vehicle isn’t the only way consumers can access a $7,500 federal EV tax credit. They may also be able to get the money by leasing a car. The Inflation Reduction Act, which President Joe Biden signed in 2022, contained various rules related to consumer tax … Read more

California Likely Won’t Meet Its Goal Of Building A Million EV Chargers

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California Likely Won’t Meet Its Goal Of Building A Million EV Chargers

Image: Patrick T. Fallon (Getty Images) California officials are assuming that there will be millions of EVs on California’s roads in the 2030s, so the state needs to get on the ball when it comes to building chargers. However, Calmatters reports that California lofty EV charging goals don’t seem to have a basis in reality. A million … Read more

Foreign carmakers in China face ‘increasingly precarious’ situation

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Foreign carmakers in China face ‘increasingly precarious’ situation

Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s … Read more

Tesla shares fall 6% after report of robotaxi unveiling delay

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Tesla shares fall 6% after report of robotaxi unveiling delay

Elon Musk, CEO of SpaceX and Tesla, speaks during the Milken Global Conference 2024 at The Beverly Hilton in Beverly Hills, California, on May 6, 2024. David Swanson | Reuters Tesla shares fell about 6% on Thursday after Bloomberg reported that the electric vehicle maker is delaying the unveiling of its Robotaxi by two months. … Read more