German chip manufacturer Infineon reported a 13 percent revenue increase to 4.2 billion euros and a 39 percent profit rise to 423 million euros in its third fiscal quarter, driven by demand for AI data centre power solutions and automotive chips.
Used electric car leasing in the UK surged by 170% over the past year as drivers sought cheaper transport options to counter rising petrol prices driven by conflict involving Iran.
Chinese auto-giant Geely will utilize an idle Ford factory in Almussafes, Valencia, Spain, to manufacture electric vehicles for the European market. Spanish Prime Minister Pedro Sanchez announced the deal, which allows Geely to circumvent EU tariffs on Chinese-made EVs and preserves industrial activity at the facility.
Electric vehicles (EVs) are becoming more popular but cost 30% more to repair and take 14% longer than petrol cars, leading to 10-25% higher insurance premiums. Design choices like component integration and expensive batteries contribute to repair costs, often resulting in cars being written off after minor damage. Efforts are underway to make EVs easier and cheaper to repair, which could lower insurance costs.
Delhi government has officially notified the Delhi Electric Vehicles Policy 2026, effective July 1, 2026, until March 31, 2030. The policy aims to boost EV adoption with tax exemptions, subsidies for two and three-wheelers, and a Rs 15,000 crore investment for charging infrastructure.
Delhi's Group of Ministers is divided on whether to offer incentives for strong hybrid vehicles in the upcoming EV Policy 2.0, which aims for a 50% waiver on road tax and registration fees for hybrids up to Rs 30 lakh. The debate pits zero-emission advocates against those seeing hybrids as a transitional technology.
Formula E's new season, starting December, introduces a revised race format, three new tracks (Circuit of the Americas, Brands Hatch, Zandvoort), and Gen4 cars capable of 208mph, with a new 30-minute 'Unleashed' sprint race preceding main events.
European carmakers are reintroducing small electric cars, moving away from large SUVs. Improved battery tech and lower manufacturing costs enable models like the Renault Twingo E-Tech, aiming to navigate narrow city streets and compete with Chinese manufacturers.
The global electric vehicle (EV) market is experiencing unprecedented growth, with sales increasing tenfold in six years. China leads production and adoption, benefiting from falling battery costs and government support. While Europe also shows strong growth, the US market has stagnated.
UK government plans to lower electric car sales targets from 80% to 50% by 2030 have drawn strong criticism from the charging industry and EV brands. Critics argue this move, influenced by manufacturer and union lobbying, will harm investment, jobs, and the UK's automotive future, potentially benefiting Chinese manufacturers.
The UK government is reportedly planning to relax its 2030 electric vehicle sales targets, potentially lowering the mandate for pure EVs from 80% to 50% and allowing a larger share for hybrids. This move follows intense lobbying from the car industry and unions concerned about job security and manufacturing penalties.
Weakened UK electric car sales rules may increase CO2 emissions by 17m tonnes by 2030, driven by a 48% rise in plug-in hybrid electric vehicle (PHEV) sales, which emit more than anticipated due to underuse of battery mode.
India's electric vehicle market is gaining momentum, driven by high fuel prices and upcoming regulations like CAFE-3. Despite a 25% market expansion and EVs crossing the 5% threshold, challenges in charging infrastructure and supply chain dependencies, particularly on China, persist.
Turkey's national football team departed for the World Cup from Istanbul in a festive convoy featuring Togg electric cars and enthusiastic fans, drawing international media attention.
Stellantis plans to launch a new range of affordable, compact electric cars, dubbed 'E-Cars', in Europe by 2028, aiming to revitalize the entry-level EV market with a target price of around €15,000. Production will begin in Italy, with the initiative expected to boost local manufacturing and EV adoption.
Thomas Edison, the famous American inventor, significantly impacted the 20th century with inventions like the light bulb and phonograph. He also pioneered early electric cars, developing a nickel-alkaline battery and owning a small electric car factory, though limitations in range and battery life hindered widespread adoption.
BNP Paribas lowers expectations for pure electric cars due to charging infrastructure gaps and high insurance costs, suggesting EVs and combustion engine vehicles will coexist longer. China and Europe lead in infrastructure readiness.
Stellantis announced plans to launch four new electric vehicles in 2027, leveraging Chinese technology from its joint venture with Dongfeng. The European carmaker will invest US$130 million of a combined US$1.18 billion budget for mass production, with some models slated for export.
Hong Kong’s retail sales jumped by 12.8 per cent in March, bringing first-quarter growth to 9.8 per cent, driven by a spurt in sales of electric cars ahead of the withdrawal of tax breaks. Provisional figures released by the Census and Statistics Department on Wednesday showed that retail sales reached HK$33.9 billion (US$4.32 billion) in March. The March increase was largely fuelled by car sales as buyers raced to make deals before the first registration tax concessions for electric cars ended...
Oil prices above $111/barrel have triggered a seismic shift in electric vehicle interest, with Renault UK reporting 42% more enquiries and EVs now comprising 50% of its sales. Meanwhile, UK house prices rose 0.4% in April despite economic gloom, NatWest reported £1.4bn Q1 profits but set aside £140m for geopolitical risk, AstraZeneca fell 1.9% after US regulators rejected its breast cancer drug, and Diageo rose 2% after Trump removed Scotch whisky tariffs.
Part of what has held back electric cars has been the cost. But an influx of used vehicles over the next three years could bring prices down dramatically. In 2025, just 123,000 leases on EVs expired. That is expected to more than double to 300,000 in 2026, and double again to 600,000 in 2027 and […]
Electric car sales in continental Europe soared 51% in March as rising petrol and diesel costs driven by the Iran war accelerated the shift to EVs. Some 224,000 new EVs were registered last month, with 500,000 sold in Q1 – a 33.5% increase year-on-year. Norway leads with 98% of new cars being electric, while Germany, France, Italy and Poland recorded 40% EV uptake. The switch has reduced annual oil demand by the equivalent of 2m barrels per year.
Agreements would aim to shield British industry from new steel tariffs and stricter rules on electric vehicles due in 2027Downing Street hopes to secure deals on steel and electric cars with the EU as it seeks to upgrade the post-Brexit economic relationship.Amid economic uncertainty caused by the conflict in the Middle East and strains in relations with the US, Keir Starmer is seeking closer economic ties with the EU. Continue reading...
France will nearly double EV support to €10bn annually through 2030, Prime Minister Sebastien Lecornu announced April 10, 2026. The plan includes incentives for electric cars and charging infrastructure, targeting two out of three new vehicles to be electric by 2030, plus a social leasing programme for 100,000 low-income EVs. BEV sales in the EU rose to 18.8% in early 2026, up from 13.6% in 2024.
