Volkswagen says it will only sell EVs in Norway as soon as 2024, which is ahead of regulations forcing the German automaker to do so. But this is likely something that is happening naturally in the market and every automaker is going to have to follow. Today, Norway’s Postsen reported that Volkswagen is planning to […]
VW Joins Tesla in Call For Lower Import Tax On EVs in India
Cutting duties on electric vehicles (EVs) even to 25% – from current levels as high as 100% – would not pose a “big threat” to domestic players, but would help to drive investment, the German carmaker’s India head told Reuters in an interview. Volkswagen AG, the world’s second-largest carmaker, is calling for lower import duties […]
VW Committee Awards $5.5 Million For Electric Vehicle Charging Stations
INDIANAPOLIS : The Indiana Volkswagen Environmental Mitigation Trust Program Committee (committee) approved $5.535 million in funding to the Indiana Utility Group to install at least 61 DC Fast electric vehicle (EV) charging stations across Indiana at its meeting on May 20, 2021. The Indiana Utility Group is made up of eight Indiana utilities: Duke Energy […]
Ford Follows GM, VW With Two New Dedicated EV Platforms by 2025
The all-EV platforms are part of an ambitious multi-year, multi-billion-dollar plan the No. 2 U.S. automaker will outline to investors at its Capital Markets Day in an online event. US-based Ford Motor Company has declared a donation 50 lakh surgical masks, 1 lakh N95 masks and 50,000 gowns to help fight the surge of COVID-19 […]
Does Tesla’s Tumble Mean The Electric Car Party Is Over?
Tesla Inc’s (TSLA) stock has taken a tumble over the last few week, falling almost 30% since January 26.That’s hundreds of billions of dollars wiped off the value of one company in a matter of weeks. Other stocks int he sector took a similar beating, such as Nikola (NKLA) and Nio Limited (NIO). They are […]
Ford, GM and Volkswagen shares are hot. Thank electric-vehicle mania.
That explains the surge in VW shares after it laid out in more detail than before how it plans to catch up with Tesla and become a dominant competitor in the global EV market. Other beneficiaries of the trend include Mitsubishi Motors Corp., whose shares have risen about 45% this year, and Hyundai Motor Co., […]
German power grids launch electric car project with Bosch, VW
FRANKFURT: German power grid firms 50Hertz and Stromnetz Berlin on Friday launched a programme in cooperation with subsidiaries of Volkswagen AG and Bosch to find out how electric-car batteries can help stabilise power networks. The 18-month programme aims at assessing what digital measuring and control systems are needed to enable linked-up electric vehicles (EVs) […]
VW plans to sell 500,000 ID.4 electric cars per year
VW is hyping the launch of the ID.4 electric SUV coming next week with new releases, and in a new interview with executives today, the automaker said that it plans to sell 500,000 ID.4 vehicles per year. Over the last month, VW has been hyping the launch of the ID.4 electric SUV by gradually releasing […]
VW plans to tap electric car batteries to compete with power firms
Electric car batteries could be used to stabilise the energy grid by charging the battery in times of excess supply and selling electricity back to the grid at times when supplies of electricity from wind and solar power are low BERLIN: Volkswagen’s expansion in electric cars will open up new business opportunities in storing and […]
VW’S ‘DIESELGATE’ SETTLEMENT ISN’T BUYING MANY ELECTRIC VEHICLES
FOR ALL THE moves backing up its newfound enthusiasm for an electric future—70 new battery-powered models by 2028, a $1 billion investment in its own battery plant, a national network of high-power charging stations—Volkswagen may make no bigger contribution to that vision than the $15 billion it paid to settle the Dieselgate scandal in the […]