Author: News Room

Summary Lucid Group reported second-quarter deliveries above analysts’ estimates, driven by price cuts High borrowing costs, economic uncertainties, and consumer preference for gasoline electric hybrids have impacted demand for EVs Lucid and other EV companies have responded to slowing demand by slashing prices and offering incentives Lucid cut prices of…

Summary Tesla shares gained $150 billion in valuation in three days after the Q2 2024 vehicle delivery and production report Over 18% of hedge funds held a short position in Tesla at the end of Q2 2024, which was higher than in Q1 Short sellers lost an estimated $3.5 billion…

Summary Geely Holding is overseen by billionaire Li Shufu and has the most extensive international footprint among Chinese carmakers Geely Holding owns brands such as Volvo, Polestar, Smart, and Lotus Volvo and Polestar are Swedish EV brands owned by Geely Holding Smart is a small-car marque co-owned and operated with…

Summary Sign up for daily news updates from CleanTechnica via email or Google News Chinese EV tariffs remain a key topic of discussion in the automotive industry Tesla’s Q2 2024 production and delivery numbers exceeded expectations but were still down year over year Despite some exceptions, EV sales are growing…

Summary Tesla Model Y is the best-selling imported car in South Korea in the first half of 2024 Sales of Tesla Model Y in Q1 2024 increased by 395.4% Tesla Model Y surpassed Mercedes-Benz and BMW in sales in South Korea in H1 2024 Tesla Model 3 is also one…

Summary Copper is essential for electrification and the transition to electric vehicles Study suggests that there may not be enough copper to meet the demand for electrification Proposed mass adoption of hybrids as a more feasible alternative to electric vehicles Current policies in the US and EU call for electrification…

Summary Global electric vehicle charging station market size reached $12.6 billion in 2023 Market expected to reach $158.5 billion by 2032, with a CAGR of 31.52% during 2024-2032 Market driven by increasing adoption of electric vehicles and government incentives Expanding scope due to introduction of innovative technologies and infrastructure development…

Summary Tesla sold 59,261 vehicles in China in June, down 20.15 percent year-on-year The US electric vehicle maker saw a sequential rebound in EV sales in China Tesla’s June sales in China included 11,746 vehicles for export Tesla’s Model Y contributed 61.90 percent of sales in June Tesla’s share of…

Summary Vessev has developed a fully electric boat using hydrofoil technology that reduces energy consumption by up to 90% The nine-meter-long VS-9 can transport up to 10 passengers at 25 knots with retractable hydrofoils The boat is designed to be charged using existing electric charging points, reducing operational costs The…

Summary Indian government considering modifications to EV policy to provide incentives to automakers who have already invested in the country Current policy only supports fresh investments for high-end electric cars Automakers have raised concerns regarding the scheme, stating it should consider current investments and include plants producing petrol and diesel…