Ford boss: UK incentives needed to boost uptake of EVs for net zero Transport and infrastructure The automotive industry “urgently” needs government-backed incentives to improve customer uptake of electric vehicles (EVs) or the UK faces missing its net zero targets, the boss of Ford UK has said. Speaking the morning after the government announced a consultation into its EVs sales targets for automakers, Lisa Brankin said the move was welcome but [...]
Tesla shares stall as Musk delivers fewer EVs than expected Tech Tesla shares fell over 5.4 per cent on Wednesday after the electric vehicle (EV) company’s third quarter deliveries came in south of expectations. Elon Musk’s company shipped 462,890 EVs in the three months to 30 September, up 6.4 per cent from the previous quarter, making it the first deliveries increase this year for the car maker. However, [...]
A lesson from King Canute for the EV transition: You can’t force hype Opinion European politicians need to learn a few lessons about demand, writes Paul Ormerod
Chinese EV makers should be barred from UK public contracts over data privacy fears, campaigners warn September 16, 2024 Suppliers suspected of having ties to the Chinese military pose a risk due to the potential for built components to be "weaponised" from overseas.
TI Fluid’s shares spike as firm outperforms soft EV market August 8, 2024 Shares at automotive components manufacturer TI Fluid Systems spiked on Thursday despite a dip in revenue as it raised margin guidance and outperformed a weak market. Revenue at the FTSE-250 listed firm, which designs and manufactures thermal management and fluid handling systems, declined by 1.4 per cent at constant currency in the six months ended [...]
Judge the Mayoral candidates on their transport policies May 1, 2024 Take it from a company that drives on London’s roads every day – lack of EV charging infrastructure and Low Traffic Neighbourhoods are standing in the way of cleaner transport, says Addison Lee CEO Liam Griffin Operating in the capital for 50 years, we’ve seen many a Mayor come and go. Each of them has [...]
UK drivers priced out of owning Chinese electric cars due to ‘sky high’ insurance costs March 20, 2024 The UK insurance industry is facing “real challenges” in covering Chinese electric vehicles, as sales of the models surge in the West.
Why the nickel market is suffering on a consumer steer away from EVs March 10, 2024 This glut of nickel has pushed the price down, Shah said, adding that prices will “remain under pressure throughout 2024.”