Remove Auto Remove Buy Remove Chinese Remove Personal
article thumbnail

Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

The auto industry is electrifying, and all new cars will be electric in the relatively near future. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

Chinese 52
article thumbnail

Toyota says it would rather buy credits than ‘waste’ money on EVs

Baua Electric

As the car industry’s largest hybrid pusher, Toyota says it is better positioned to just buy credits to close the EPA gap rather than “waste” money on BEVs, its CEO said. Still, the fear is there, and the possibility looms that lower-priced Chinese vehicles will undercut those sold by other automakers, as happened in Mexico.

Waste 52
article thumbnail

AlixPartners finds limited consumer willingness to pay for autonomous vehicles but enthusiasm for robo-taxis

Green Car Congress

When asked if they’d be willing to consider switching from personal-vehicle ownership to using autonomous-vehicle ride-hailing services, or “robotaxis,” if the monthly cost were from 40% cheaper to even 20% more expensive than vehicle ownership, 44% to 84% across the six countries said they would.

Taxi 291
article thumbnail

Volkswagen and Xpeng to roll out two new EVs, starting with an SUV

Baua Electric

Volkswagen and Chinese EV maker Xpeng say they are jointly developing two mid-sized BEVs for 2026 for mainland China, with the first model being an SUV. VW announced in July that it was buying 4.99% of Xpeng $700 million with the plan to make two EV models together in 2026. FTC: We use income earning auto affiliate links.

SUV 52
article thumbnail

Tesla to build small new LFP battery cell factory with CATL machines, report says

Baua Electric

The publication wrote: The automaker plans to buy machinery from CATL, as the battery maker is known, and install it in the city of Sparks, said the people, who asked not to be identified. Bloomberg mentions “people” on some statements and “a person” on another. FTC: We use income earning auto affiliate links.

article thumbnail

This $40,000 Alibaba drone can carry a passenger, but would you risk it?

Baua Electric

But now thanks to some enterprising Chinese engineers – or perhaps garage tinkerers – I don’t have to imagine it anymore. We’ve even gotten a bit creative to get a person up in the air under a drone. So, while it’s kind of awesome that something like this exists, let me end with my typical disclaimer to please don’t buy this.

Chinese 52
article thumbnail

Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

Rising EV sales are set to remake the global auto industry and significantly reduce oil consumption for road transport, according to the new edition of the IEA’s annual Global EV Outlook , released today. This shift will have major ramifications for both the auto industry and the energy sector. Get started here. –ad*

Global 52