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California offers additional $14,000 in low-income EV incentives
Jun 24, 2024 · Low-income residents of California can take advantage of the DCAP when they purchase or lease a new or used clean vehicle. CARB says DCAP’s coverage includes pure battery electric vehicles (BEVs) as well as plug-in hybrid electric vehicles (PHEVs) and hydrogen fuel-cell electric vehicles (FCEVs).
ZF could spin off its driveline division - electrive.com
Feb 18, 2025 · Even in the event of a successful spin-off, the future is unclear, as it also depends on the potential partner or buyer. The Handelsblatt tends to rule out German suppliers such as Bosch or Schaeffler – due to antitrust reasons or Schaeffler’s recent takeover of Vitesco.The Hyundai Group with, its own supplier Hyundai Mobis, and Foxconn are rumoured to be among the interested parties.
China hits 12.9 million new energy vehicle sales in 2024
Jan 13, 2025 · The 12.866 million new energy vehicles represent growth of 35.5 per cent compared to 2023 – when 9.5 million NEVs were sold in China. It was already clear from the November result that there would be more than ten million units this year: although there was another new monthly record in December 2024 with 1.596 million NEVs, at the end of November there were 11.27 million units.
Polestar borrows further capital and postpones financial report
Mar 3, 2025 · In a short statement, Polestar announced that it received a 12-month term facility of up to 450 million dollars (around 432 million euros). It was only in December that the company signed credit agreements for more than 800 million dollars (around 768 million euros) with a term of twelve months to repay old loans.
India achieves record-high electric car sales in 2024
Jan 7, 2025 · According to the government’s official Vahan portal, India recorded a sale of 99,004 electric cars in 2024, Autocar Professional reported. Compared to 2023 (82,563 units), the country’s electric car sales grew by 16,441 units or 20%. While electric car sales are growing, the market dynamics are evolving as consumer choices grow.
Donut Lab presents wheel hub motor with 630 kW - electrive.com
Jan 13, 2025 · Donut Lab is based in the Helsinki area and is a subsidiary of the Finnish motorbike manufacturer Verge Motorcycles. The first ‘donut motor’ was developed some time ago for its Verge TS electric motorbike, which resulted in the motor having an empty rear tyre.
BYD launches electric super sports car with 960 kW
Feb 26, 2024 · The U9 sports car was announced directly at the launch of the Yangwang brand in January 2023 with a rendering but without any technical data. This has now changed with the presentation of the production model.
ElectricBrands files for insolvency under self-administration
Feb 2, 2024 · ElectricBrands states that it has filed an application for insolvency under self-administration with the Darmstadt Local Court and is seeking to reorganise the company by taking this step.
Stellantis pauses factory conversion in Ontario - electrive.com
Feb 24, 2025 · According to a Bloomberg report, work in Brampton has been on hold since last week.“As we navigate today’s dynamic environment, Stellantis continues to reassess its product strategy in North America,” the company explained by email.