Electric vehicles
CNBC Daily Open: ‘Crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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How EVs and gasoline cars compare on total cost — where you live can make a huge difference
Key Points Electric vehicles generally cost more upfront than gasoline-powered cars. But EVs may cost less over their lifetimes relative to traditional cars due largely to lower prices for refueling and maintenance. Which is cheaper over the long term depends on geography and other factors. Source
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GMC expects to outsell its electric truck competitors as it launches new Sierra pickup
2024 Sierra EV Denali Edition 1 Source: General Motors MILFORD, Mich. — General Motors’ premium GMC brand wants to become the leader in all-electric truck sales for U.S. consumers as it launches its new electric Sierra pickup. The Sierra EV joins electric versions of the Hummer, including an SUV and pickup, in GMC’s electric “truck” […]
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Trump says he would offer Tesla CEO Elon Musk a Cabinet slot, but might end EV tax credit
Elon Musk (L) and Donald Trump (R). David Swanson | Vincent Alban | Reuters Former President Donald Trump on Monday said he would offer Tesla and SpaceX CEO Elon Musk a Cabinet position or an advisory role in his administration if he wins a second term in the White House. Trump told Reuters in an […]
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Monaco is 1 of 6 locations hosting the star-studded E1 — a race thought ‘impossible’ before it began
Monaco’s connection to car racing and boating is stamped all over it, from the hairpin turns of its Formula One circuit to the five-deck superyachts docked at Port Hercule. But its desires to be known as a sustainability destination are less apparent. Monaco’s “Green is the New Glam” campaign, launched in 2018, highlighted many of […]
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We drove Chinese EVs to see why rival automakers are worried
Trade groups say Chinese electric vehicles pose an “existential threat” to the U.S. auto industry. China currently makes about one out of every three of the world’s new vehicles, and it has the capacity to make even more, according to research firm Dunne Insights. But faced with a growing preference for hybrids at home and […]
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SoftBank-backed Indian EV startup Ola Electric pops 20% on debut valuing firm at $4.8 billion
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO). Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images Shares of Ola Electric surged 20% on their market debut on Friday, valuing the Indian electric vehicle startup at […]
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China Evergrande’s EV arm units to enter bankruptcy, reorganization proceedings
The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Group | Getty Images China Evergrande New Energy Vehicle said on Monday a local court had ruled that two of its units should enter into bankruptcy and be reorganized, a week after individual creditors of the units filed for such proceedings. Shares […]
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‘Internal battle’ in Modi’s BJP on whether India needs Chinese investments, Natixis chief Asia economist says
Supporters of Bharatiya Janata Party (BJP) hold party flags as they celebrate Narendra Modi’s swearing-in ceremony on June 9, 2024. Sopa Images | Lightrocket | Getty Images There is an “internal battle” happening within India’s ruling Bharatiya Janata Party over inviting Chinese investments, as the country strives to become Asia’s manufacturing powerhouse, Alicia Garcia-Herrero, chief […]
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Italy’s Meloni vows to ‘relaunch’ cooperation with China
Italy and China flag together realtions textile cloth fabric texture Oleksii Liskonih | Istock | Getty Images Italian Prime Minister Giorgia Meloni vowed on Sunday to “relaunch” cooperation with China, signing a three-year action plan during her first official visit to Beijing since taking office. Meloni, who has led a right-wing government since 2022, made the announcement during a meeting with Chinese […]
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