Brits put off buying EV due to record inflation June 23, 2022 Brits are becoming increasingly put off buying electric vehicles (EV) due to rocketing inflation rates. According to a research published today by Close Brothers Motor Finance (CBMF), 41 per cent of Britons have decided against going electric as a result of the cost-of-living crisis. Figures reported that 84 per cent of people are taking at [...]
Ford picks Spain over Germany for EV plant but warns of job cuts June 22, 2022 Ford has picked Spain over Germany to produce electric vehicles (EVs) but has warned of “significant” job cuts ahead. The US car maker said today EV production at its Valencia plant will begin later this decade, but it will imply redundancies both at the Spanish plant and at the marquee’s facility in western Germany. The [...]
Insurance giant Axa calls for clarity on self-driving cars June 16, 2022 French insurer Axa has called on the government to offer greater clarity around autonomous vehicles to support the rollout of self-driving cars. The French insurance firm called on the government to put in place laws that enable the deployment of self-driving vehicles, as it said lawmakers should work with the insurance sector to “pave the [...]
EV and hybrid to make 80 per cent of Ferrari’s sales by 2030 June 16, 2022 Electric and hybrid vehicles will make 80 per cent of Ferrari’s sales by 2030, according to the company. The luxury marquee pledged to build “even more unique” cars as it makes the transition to net-zero. “Everything we do will always focus on being distinctively Ferrari,” chairman John Elkann told investors this morning. “The opportunity set of [...]
Halfords calls on government to rethink scrapping of EV grant June 16, 2022 Motoring retailer Halfords has called on the government to rethink its decision to scrap the £1,500 grant for the purchase of new electric cars. The Department for Transport (DfT) announced on Tuesday it would “refocus” the funding available away from the grant to encourage other road users, including taxis and delivery vans, to make the [...]
EV does it as cost of owning electric car cheaper than fuel June 7, 2022 Owning an electric vehicle (EV) is cheaper than a fuel car as petrol and diesel costs continue to bite UK motorists. According to a research published today by Insurance Revolution, EV owners can save up to £1049 annually compared with petrol or diesel car users, who on average spend around £1,000 a year on fuel. [...]
SoftBank and Goldman Sachs back EV supercar maker Rimac in €500m funding round June 1, 2022 Giants SoftBank, Goldman Sachs and Porsche have backed electric vehicle (EV) supercar maker Rimac in a €500m funding round. The Croatian company’s valuation soared to €2bn following the backing. According to chief executive Mate Rimac, the investment will be used to scale up its driving robotaxi venture, which has been in the works for the [...]
‘Resource nationalism’ is here to stay argues EV Metals boss May 30, 2022 "Resource nationalism" is here to stay following Russia's invasion of Ukraine, argued EV Metals Group chief executive Michael Naylor.
Government adviser calls for taxation on EV tyres due to dangerous particles May 30, 2022 Electric vehicle (EV) tyres should be subjected to taxation as they release dangerous particulate matter, according to the chairman of the government’s independent science advisory group on clean air. A professor of atmospheric chemistry at the University of York, Alastair Lewis argued that particulate matter emitted from tyres is a much bigger risk to public [...]
Costs of EV rapid charging increases by a fifth following surge in energy prices May 27, 2022 The cost of rapidly charging an electric vehicle (EV) has increased by a fifth in the last eight months due to soaring energy prices. Data from automotive insurance company RAC reported that since September public rapid chargers have increased their rate by 7.81p per kilowatt hour (kWh) to 44.55p kWh. This means that completing an [...]