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Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years. If you’re an electric vehicle owner, charge up your car at home with rooftop solar panels.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. Electric drive system power density of 2.5

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Center for Automotive Research calls long-run economic risk to auto industry of mandating permanent fuel economy standards very serious; recommends periodic reviews

Green Car Congress

Based on the results of the study, CAR believes the economic risk to the auto industry connected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.

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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. The company’s shares were down about 4% in early trade.

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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

No element has become more synonymous with electric vehicles than lithium. None of the modern batteries that make electric vehicles possible could exist without lithium. Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide.

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Opinion: Politicians Are Lying About Biden's EPA Rule

The Truth About Cars

We can argue all day long about whether the rule is too stringent or not, or whether automakers will be able to achieve the administration's goals. But as the Times points out, the government is NOT forcing the fleet to become all electric: The E.P.A. The future is electric,” he said. regulation is not a ban.

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Electric-car vs gas costs, self-driving Bolt, more 2018 diesels, Workhorse orders open: Today's Car News

Green Car Reports

Today, we've got a Chevy Bolt EV without a steering wheel, an update on available 2018 diesel vehicles, an analysis of the per-mile costs of electricity versus gasoline, and predictions by auto-industry execs. All this and more on Green Car Reports.

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