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Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. CEO Elon Musk has been beating the affordable EV drum for a while, telling investors in January that the car would enter production in Texas as soon as late 2025.

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UK auto industry warns anti-diesel agenda and slow uptake of EVs could mean missing 2021 CO2 targets; rising CO2 average in 2017

Green Car Congress

The UK automotive industry warned that the current anti-diesel agenda combined with the ongoing slow take-up of electric vehicles could mean industry misses its next round of CO 2 targets in 2021, with negative consequences for the UK’s own climate change goals. to a new low of 165.4 of the UK’s 2.5

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Tesla led the EV market closer to ICE price parity in 2023: Cox

Teslarati

In what many termed an automotive “price war” early last year , Tesla lowered its prices significantly across its entire vehicle lineup , putting substantial pressure on the rest of the industry. The data shows that the average sticker price of a Tesla dropped throughout the year to reach $50,051 in December.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. On an adjusted basis, it earned USD 1.08

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ORNL-developed ACMZ aluminum alloy promises better fuel economy

Green Car Congress

Affordable, lightweight and capable of withstanding temperatures 100 degrees Celsius higher than commercially available automotive cast alloys, ACMZ is proving to be suitable for the next generation of more fuel-efficient internal combustion engines. We knew this was going to be a steep goal to achieve in four years.

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Power Global launches eZee swappable battery EVs in India 

Electric Vehicles India

The company was Romeo Power’s co-founder and former SpaceX Porter Harris and international auto industry veteran Pankaj Dubey which aims to provide electric vehicle and clean energy products to global markets.

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ORNL-developed ACMZ aluminum alloy promises better fuel economy

Green Car Congress

Affordable, lightweight and capable of withstanding temperatures 100 degrees Celsius higher than commercially available automotive cast alloys, ACMZ is proving to be suitable for the next generation of more fuel-efficient internal combustion engines. We knew this was going to be a steep goal to achieve in four years.