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Auto · 18 Dec 2022
U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies
The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden’s $430 billion “Inflation Reduction Act”, enacted in August and aimed at rolling…
Auto · 18 Dec 2022
Battery Maker Envision AESC Seeking Potential Investors To Fund Expansion
Japan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief…
Auto · 18 Dec 2022
Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports
Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.
Auto · 18 Dec 2022
Electric Vehicles Confront The Leap To The Mass Market
The automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.
Auto · 18 Dec 2022
China’s BYD To Launch A Second New EV Brand In 2023 – Executive
The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023
Auto · 18 Dec 2022
U.S. Finalizes $2.5 Billion Loan To GM, LG Battery Joint Venture
The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan.
Auto · 18 Dec 2022
Oil Slumps By Over $2/bbl, Dogged By Recession Fears
Oil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.
Auto · 18 Dec 2022
India Sees No Hit To Fuel Exports From EU Feb 5 Action On Russian Imports – Oil Secretary
Indian refiners have been gorging on Russian oil sold at a discount as some Western entities shun purchases from Moscow following its invasion of Ukraine in late…
Auto · 18 Dec 2022
GST On SUVs: Which Models Would Qualify For The Highest Rate Of Tax
The GST council has provided a nationwide definition of what SUVs qualify for the highest rate of tax (GST and cess) in all states.
Auto · 18 Dec 2022
U.S. Opens Safety Probe Into Autonomous Driving System In GM’s Cruise Vehicles
The National Highway Traffic Safety Administration (NHTSA) said it has received notices of incidents in which self-driving Cruise vehicles “may engage in inappropriately hard braking or become…