The Amsterdam District Court appointed administrators on Tuesday to oversee the future of VanMoof, considering options such as a sale of the business or its assets. Meanwhile, the impact on the company’s subsidiaries outside the Netherlands remains uncertain. VanMoof’s UK business accounts reveal net liabilities of £1.7m by the end of December 2021, marking a …
According to reports, the Treasury has allegedly offered Tata up to £500m in subsidies to secure the plant. Jaguar Land Rover, however, has denied receiving any funding to influence the decision. In addition, Tata is also seeking up to £300m for its steelworks in Port Talbot. Such a substantial investment by officials in a single …
Ford is making a strategic move in the competitive electric vehicle market by reducing the prices of its F-150 Lightning trucks. The Detroit automaker is slashing the cost of certain models by 17%, aiming to challenge rival Tesla’s dominance. This change of direction comes after Ford previously raised prices earlier this year. However, the company …
Ford Motor has announced a significant price reduction for its electric pickup truck, the F-150 Lightning. With fierce competition among major automakers in the electric vehicle market, Ford aims to attract more attention from potential EV shoppers. The company explained that improved access to raw materials for the truck’s battery and upgrades to its suburban …
The assembly line in Austin, Texas has finally produced Tesla’s first Cybertruck, marking the end of a two-year production delay. Elon Musk, Tesla’s CEO, initially revealed this futuristic electric pickup truck in 2019, creating a viral event when the truck’s designer accidentally cracked its supposedly indestructible “armor glass” windows during a demonstration. However, since its …
The International Energy Agency (IEA) has warned that delays or setbacks in current projects could jeopardize the world’s ability to achieve crucial decarbonization targets. To avoid falling short, the IEA is calling for increased investment in critical mineral projects. According to the IEA’s analysis, if all planned critical mineral projects around the world are realized, …
Tesla, the leading electric-vehicle manufacturer, has introduced a global program that allows customers to earn extra incentives through referrals from existing buyers. This strategy, commonly employed by traditional carmakers to enhance sales, has been dubbed “Refer and Earn” by Tesla. In the US, buyers of the Model 3 and Model Y can receive cash back …
New York state invested nearly $1 billion in what was supposed to be the largest solar panel factory in the Western Hemisphere, according to a report. The “Tesla Gigafactory 2” in Buffalo, NY, which spans 1.2 million square feet, was meant to be a linchpin of the “clean energy revolution” and create jobs. However, it …
Green Desk: Unions Struggle with Biden’s Electric Vehicle Agenda The Democratic Party’s alliance with the United Auto Workers (UAW) is being threatened due to an alignment between the UAW and former President Trump over electric vehicles (EVs), according to Axios’ Nathan Bomey. The UAW has not endorsed Biden’s 2024 campaign and a significant number of …
The cost of charging electric cars on the road has surged by nearly 60% in just eight months, making them more expensive to run on long journeys compared to petrol vehicles. According to an analysis by the RAC, rapid charge points used by drivers during long trips are almost £10 pricier than filling up a …