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Chinese EVs hit with EU probe after massive surge of cheap electric vehicle imports

Electrek

The European Union launched an investigation over Chinese EV subsidies as the global markets are “now flooded with cheaper electric cars.” more… The post Chinese EVs hit with EU probe after massive surge of cheap electric vehicle imports appeared first on Electrek.

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Chevy Bolt cheap? This Chinese knockoff is a third the price, readying for export

Electrek

As BYD expects to pass Tesla in Global EV sales this year by expanding its markets with significantly lower-priced vehicles, will we start seeing these hyper-cheap products outside of BYD’s home market of China? more… The post Chevy Bolt cheap?

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A cheap Toyota EV? Not right now, the company says

Baua Electric

Toyota has no current plans to launch a cheap EV despite demand building. Toyota says no small, cheap EV is in the works Although many automakers, including VW, Stellantis, and Kia, have revealed plans to launch low-cost EVs under $30,000 (£25,000), Toyota says not so fast. million vehicles globally last year.

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Comment on BYD catches up with Tesla in global BEV market share in Q3 by Midori Mayari

CN EV Post

And let's not forget that BYD's "invasion" of the foreign markets is just beginning. The biggest nominal profits per unit sold come from ultra luxury and super sports cars; for example, I can guarantee you that the per unit profit of the fully electric Rimac Nevera supercar is many times higher than that of any Tesla car.

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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

Green Car Congress

Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Source: T&E Increased European imports have coincided with an increase in global oil production and exports. C carbon budget.

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Tesla maintains an Outperform rating by Wedbush as Q1 2024 ends

Teslarati

Economist says cheap Chinese EVs should be kept out of U.S. due to security risk Wedbush acknowledged the price competition with the Chinese auto market but predicts aggressive price reductions will start to die down by spring or summer 2024. The Chinese electric vehicle market has been steadily increasing.

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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

Green Car Congress

Global cumulative energy storage installations. BNEF’s Energy Storage Outlook 2019 predicts a further halving of lithium-ion battery costs per kilowatt-hour by 2030, as demand takes off in two different markets: stationary storage and electric vehicles. Source: BloombergNEF.