Electric Vehicles Cut US Gas Consumption by a Measly 0.54%

Electric vehicles have never been more popular. Just about every automaker is in the midst of an electrification effort, spurred on by impending government regulations around the world aimed at reducing our dependency on fossil fuels. But is the movement having an effect? Here in the US, plug-in vehicles are selling better than ever, despite … Read more

Brexit Britain trapped in the middle as US and EU go to war on trade – POLITICO

Press play to listen to this article Voiced by artificial intelligence. LONDON — Three years after leaving the EU to chart its own course, Britain finds itself caught between two economic behemoths in a brewing transatlantic trade war. In one corner sits the United States, whose Congress in August passed the Biden administration’s much-vaunted $369 … Read more

Volvo EX90: The Biggest Problem for the New EV Flagship is Polestar

Working with another brand means there will be some corporate arm twisting, says Callum. The challenge is to keep any similarities hidden where possible: “To be fair to the design teams, they’ll be told to use a lot of similar components, like the touchscreens. But, for example, you should never use the same switches on … Read more

The EV Transition Explained: Can the Grid Cope?

Why not? EVs lack tailpipe emissions, sure, but producing, operating, and disposing of these vehicles creates greenhouse-gas emissions and other environmental burdens. Driving an EV pushes these problems upstream, to the factory where the vehicle is made and beyond, as well as to the power plant where the electricity is generated. The entire life cycle … Read more

Biden keeps ignoring Europe. It’s time EU leaders got the message – POLITICO

Former United States President Donald Trump was a useful bogeyman for Europe. His successor, Joe Biden, is proving much trickier — a friend who says all the right things but leaves you in the lurch when it counts. From Washington’s surprise withdrawal from Afghanistan to the transatlantic blowup over submarine sales to Australia (AUKUS) and, … Read more

Elon Musk Called ‘Unapproachable Tyrant’ in Tesla Employee Survey

Shortly after Elon Musk officially bought Twitter on Oct. 27 for $44 billion, the Tesla  (TSLA) – Get Free Report CEO took the company private and began cutting staff. He fired Twitter’s CEO, CFO and other executives. His vision for the company involved a much smaller workforce, so mass layoffs began. Some 3,700 people were let … Read more

Billionaire George Soros Embraces Ford

The automobile sector is of particular interest to George Soros.  The legendary investor has invested a lot of money in this industry, which is in full transformation towards electric vehicles. Soros is indeed convinced that electric vehicles are the future of the automobile, if we were to examine his investment portfolio of companies listed on … Read more

EU plans subsidy war chest as industry faces ‘existential’ threat from US – POLITICO

Press play to listen to this article Voiced by artificial intelligence. The EU is in emergency mode and is readying a big subsidy push to prevent European industry from being wiped out by American rivals, two senior EU officials told POLITICO. Europe is facing a double hammer blow from the U.S. If it weren’t enough … Read more

Germany mulls breaking subsidy taboo to avoid trade war with Biden – POLITICO

Press play to listen to this article Voiced by artificial intelligence. BERLIN — With only six weeks to avoid a transatlantic trade showdown over green industries, the Germans are frustrated that Washington isn’t offering a peace deal and are increasingly considering a taboo-breaking response: European subsidies. Europe’s fears hinge on America’s $369 billion package of … Read more