US President-elect Donald Trump’s transition team is planning to kill a $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters news agency has reported, citing two sources with direct knowledge of the matter. Ending the tax credit could have grave implications for an already stalling…
China’s Commerce Ministry promises to take ‘all necessary measures’ to protect the interests of Chinese firms. The European Union has decided to sharply raise tariffs on Chinese-made electric cars, prompting an angry response from Beijing. The tariffs of up to 45.3 percent will take effect on Wednesday after an inquiry…
Ottawa to work with allies to ensure customers around the world are not unfairly penalised by nonmarket practices of countries such as China, PM Trudeau says. Canada, following the lead of the United States, says it will impose a 100 percent tariff on Chinese electric vehicle (EV) imports and also…
Ramzan Kadyrov says Cybertruck will be given to Russian forces fighting in the war in Ukraine. The leader of Russia’s Chechen Republic has heaped praise on Tesla CEO Elon Musk and invited the billionaire to visit his region after posting a video of himself driving a gun-mounted Cybertruck. In a…
Canada said the domestic car sector faced unfair competition from China’s ‘state-directed’ global oversupply of EVs. Canada is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public’s opinion about the idea, Deputy Prime Minister Chrystia Freeland has said. On Monday, Freeland said the domestic…
The trade war between the United States and China continued this week with its latest salvo – a move that comes amid a heated race for the White House. On Tuesday, US President Joe Biden announced tariff hikes on imports of various Chinese goods, worth $18bn. Lithium-ion batteries make up…
Robert Blake, a tribal citizen of Red Lake Nation in Minnesota, watched for years as fossil fuel companies built pipelines through his homelands. “How can we continue to resist the fossil fuel infrastructure?” thought Blake, executive director of Native Sun Community Power Development. “That’s when we noticed this grant opportunity…
Japanese car giant says net profit reached 4.94 trillion yen ($31.9bn) in the year to March. Toyota has reported record profit and sales figures on the back of the weak yen and strong demand for hybrid vehicles. The Japanese car giant said on Wednesday that it netted a record profit…
Telsa CEO’s unannounced visits comes as Chinese carmakers are promoting rival models at the Beijing Motor Show. Tesla CEO Elon Musk has met with China’s No 2 official on an unannounced visit to Beijing. Musk’s meeting with Chinese Premier Li Qiang comes as Chinese carmakers are promoting their latest electric…
Tesla Chair Robyn Denholm says company believes in ‘big risks for the chance of big rewards’. Tesla has asked shareholders to reapprove a record-breaking $56bn pay package for CEO Elon Musk after a US judge rejected the deal. In a filing with the Securities and Exchange Commission on Wednesday, Tesla…
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