Latest news with #ChineseEVs
Yahoo
a day ago
- Automotive
- Yahoo
New electric car grants of up to £3,750 aims to drive sales
The taxpayer is to help drive the switch to non-polluting vehicles through a new grant of up to £3,750, but some of the cheapest electric cars are to be excluded. The Department for Transport (DfT) said a £650m fund was being made available for the Electric Car Grant, which is due to get into gear from Wednesday. Users of the scheme - the first of its kind since the last Conservative government scrapped grants for new electric vehicles three years ago - will be able to secure discounts based on the "sustainability" of the car. Money latest: easyJet bereavement policy faces refund question It will apply only to vehicles with a list price of £37,000 or below - with only the greenest models eligible for the highest grant. Buyers of so-called 'Band two' vehicles can receive up to £1,500. The qualification criteria includes a recognition of a vehicle's carbon footprint from manufacture to showroom so UK-produced EVs, costing less than £37,000, would be expected to qualify for the top grant. It is understood that Chinese-produced EVs - often the cheapest in the market - would not. DfT said 33 new electric car models were currently available for less than £30,000. The government has been encouraged to act as sales of new electric vehicles are struggling to keep pace with what is needed to meet emissions targets. Challenges include the high prices for electric cars when compared to conventionally powered models. At the same time, consumer and business budgets have been squeezed since the 2022 cost of living crisis - and households and businesses are continuing to feel the pinch to this day. Another key concern is the state of the public charging network. Transport Secretary Heidi Alexander said: "This EV grant will not only allow people to keep more of their hard-earned money - it'll help our automotive sector seize one of the biggest opportunities of the 21st century. "And with over 82,000 public charge points now available across the UK, we've built the infrastructure families need to make the switch with confidence." The Government has pledged to ban the sale of new fully petrol or diesel cars and vans from 2030 but has allowed non-plug in hybrid sales to continue until 2025. It is hoped the grants will enable the industry to meet and even exceed the current zero emission vehicle mandate. Under the rules, at least 28% of new cars sold by each manufacturer in the UK this year must be zero emission. The figure stood at 21.6% during the first half of the year. Read more from Sky News: The car industry has long complained that it has had to foot a multi-billion pound bill to woo buyers for electric cars through "unsustainable" discounting. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, said the grants sent a "clear signal to consumers that now is the time to switch". He went on: "Rapid deployment and availability of this grant over the next few years will help provide the momentum that is essential to take the EV market from just one in four today, to four in five by the end of the decade." But the Conservatives questioned whether taxpayers should be footing the bill. Shadow transport secretary Gareth Bacon said: "Last week, the Office for Budget Responsibility made clear the transition to EVs comes at a cost, and this scheme only adds to it. "Make no mistake: more tax rises are coming in the autumn."
Sky News
a day ago
- Automotive
- Sky News
New electric car grants of up to £3,750 aims to drive sales
The taxpayer is to help drive the switch to non-polluting vehicles through a new grant of up to £3,750, but some of the cheapest electric cars are to be excluded. The Department for Transport (DfT) said a £650m fund was being made available for the Electric Car Grant, which is due to get into gear from Wednesday. Users of the scheme - the first of its kind since the last Conservative government scrapped grants for new electric vehicles three years ago - will be able to secure discounts based on the "sustainability" of the car. It will apply only to vehicles with a list price of £37,000 or below - with only the greenest models eligible for the highest grant. Buyers of so-called 'Band two' vehicles can receive up to £1,500. The qualification criteria includes a recognition of a vehicle's carbon footprint from manufacture to showroom so UK-produced EVs, costing less than £37,000, would be expected to qualify for the top grant. It is understood that Chinese-produced EVs - often the cheapest in the market - would not. DfT said 33 new electric car models were currently available for less than £30,000. The government has been encouraged to act as sales of new electric vehicles are struggling to keep pace with what is needed to meet emissions targets. Challenges include the high prices for electric cars when compared to conventionally-powered models. At the same time, consumer and business budgets have been squeezed since the 2022 cost of living crisis - and households and businesses are continuing to feel the pinch to this day. 3:29 Another key concern is the state of the public charging network. Transport Secretary Heidi Alexander said: "This EV grant will not only allow people to keep more of their hard-earned money - it'll help our automotive sector seize one of the biggest opportunities of the 21st century. "And with over 82,000 public chargepoints now available across the UK, we've built the infrastructure families need to make the switch with confidence." The Government has pledged to ban the sale of new fully petrol or diesel cars and vans from 2030 but has allowed non-plug in hybrid sales to continue until 2025. It is hoped that the grants will enable the industry to meet and even exceed the current zero emission vehicle mandate. Under the rules, at least 28% of new cars sold by each manufacturer in the UK this year must be zero emission. The figure stood at 21.6% during the first half of the year. The car industry has long complained that it has had to foot a multi-billion pound bill to woo buyers for electric cars through "unsustainable" discounting. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, said the grants sent a "clear signal to consumers that now is the time to switch". He went on: "Rapid deployment and availability of this grant over the next few years will help provide the momentum that is essential to take the EV market from just one in four today, to four in five by the end of the decade." But the Conservatives questioned whether taxpayers should be footing the bill. Shadow transport secretary Gareth Bacon said: "Last week, the Office for Budget Responsibility made clear the transition to EVs comes at a cost, and this scheme only adds to it.
Yahoo
05-07-2025
- Automotive
- Yahoo
BYD, XPeng, and NIO Deliveries Jump. Why Tesla Is Under Pressure.
Chinese electric-vehicle makers post strong growth ahead of the release of Tesla's second-quarter deliveries. Sign in to access your portfolio
News.com.au
26-06-2025
- Automotive
- News.com.au
Elon Musk blamed as things get worse for Tesla
Tesla's car sales in Europe have crashed by more than 25 per cent year-on-year as Elon Musk continues to take heat from the EV giant's struggles ON the continent despite recent wins in the US and the Asia-Pacific. Tesla sales plummeted in Europe by 27.9 per cent in May compared to a year earlier, despite fully electric vehicle sales skyrocketing 27.2 per cent in the region and overall car sales increasing by 1.9 per cent. According to data from the European Automobile Manufacturer's Association (ACEA), Tesla's market share has fallen by a third from 1.8 per cent in May 2024 to 1.2 per cent in May 2025. Tesla's sales have now fallen for five successive months, with their struggles blamed on an ageing model range, the increasing competitiveness and appeal of Chinese-made EVS and Musk's involvement IN politics on the other side of The Atlantic. Donald Trump's former right hand man spoke at the launch of Germany's right-leaning AfD campaign launch in January for the country's general election, saying the party was 'the best hope' for Germany. According to ACEA data, new Tesla registrations in the EU, the European free trade area and the UK dropped 27.9 per cent to 13,863 vehicles in May, as EV registrations rose 27.2 per cent YOY to 193,493 cars. According to figures released by JATO Dynamics, Chinese EVs have doubled their European market share to 5.9 per cent in 2025 selling 65,808 units 'Despite the EU's imposition of tariffs on Chinese electric vehicles, its car brands continue to post strong growth across Europe,' Felipe Munoz, global analyst at JATO Dynamics, said in a statement. 'Their momentum is partly due to their decision to push alternative powertrains, such as plug-in hybrids and full hybrids, to the region.'. Hybrid vehicles are proving to be the most appealing to European consumers, with those vehicles making up almost 59 per cent of car registrations in May, up from 49 per cent in May last year. Petrol and diesel vehicles are rapidly shedding market share, with sales of the former slumping 19.5 per cent year-on-year and the later falling 27.6 per cent over the same period BETTER TIMES AHEAD FOR TESLA? May's sales slump for Tesla continued a longer-term decline for the company over 2025. In February, the first sales figures available after Musk inserted himself into the German election, Tesla's figures slumped 76 per cent to just 1,429 cars in February, according to statistics from the German Federal Motor Authority. That was despite electric vehicle sales spiking 31 per cent over the month to 35,949 in Germany, Europe's biggest economy and the world's third largest. Sales has also hit the wall in neighbouring France. However, Musk and Tesla have enjoyed some recent wins with the company's limited launch of its Robotaxi service in Austin Texas over the weekend being very well received, amid predictions it will disrupt Uber's global dominance of the transport/ride hailing market when it is rolled out at scale. In Australia', Telsa sales have roared back on the introduction of the updated Model Y. Tesla deliveries jumped 9.4 per cent YOY to 3897 cars in May, in the latest sales figures. That was on the back of the arrival of the new Model Y, which accounted for 91 per cent of the carmaker's sales. It was the first YOY increase in EV sales in Australia for 2025 and came despite a fall in overall vehicle sales. The Model Y was the fourth most popular car sold in Australia in May behind Toyota's HiLux, the Ford Ranger and the Toyota Rav 4. Telsa can reasonably expect a similar sales boost when the new Model Y is finally released in most of Europe later this month Europeans can order a Model Y in most markets including Germany, the UK, Italy and France with orders starting to be filled this month and as such sales are yet to show up in ACEA data. If Norway is anything to go by, Musk will have plenty to tweet about. Tesla has already started selling the new Model Y in the Scandinavian stronghold, where sales have jumped a whopping 213 per cent on the back of the new variant but also increasing popularity of older versions. Telsa has not released a new model since 2020.
Yahoo
21-06-2025
- Automotive
- Yahoo
Why India's Budding EV Sector Has Opened Its Doors To China
For decades, China has driven the lion's share of oil demand growth thanks to its remarkable economic boom and large population. However, China is now losing its prominence in global oil markets due to a dramatic slowdown in its economy coupled with the country's ongoing electric vehicle revolution. Last year, nearly half of all new cars sold in China were electric vehicles, including both battery-electric and plug-in hybrid electric vehicles. Indeed, China's rapid adoption of EVs, as well as rapid growth of high-speed rail and natural gas trucks, is displacing traditional fossil fuel demand, with the International Energy Agency (IEA) predicting that China's oil demand will peak as early as 2027. Ironically, the country that is taking over China's mantle in world oil markets is also aspiring to follow in its EV footsteps: India. Unlike China, India's EV sector is still at its infancy, with electric vehicles accounting for just 2.5% of all cars sold in the country in 2024. However, India has big EV ambitions, with the Indian government having set a target for EVs to make up 30% of total passenger vehicle sales by 2030. To accomplish this, India's EV sector is forging close ties with Chinese EV manufacturers at a time when Washington has been keeping Chinese EV giants at bay. India is relying on Chinese EV tech to bridge the gap until the domestic sector is ready to compete on the global stage. Industry analysts note that without access to Chinese technologies—including batteries, drivetrain components, and EV software—India would likely face slower product rollouts, limited model variety, and higher costs during its growth phase. This marks a clear pivot from just a few years ago, when India restricted the operations of firms like BYD and banned popular Chinese apps such as TikTok and Shein after deadly clashes at the New Delhi appears to be taking a more calculated stance. In March, the government reduced tariffs on over 35 EV components, many of which are imported from China, making it easier for automakers to source critical parts. A few weeks later, India's Ministry of Heavy Industries unveiled a new EV policy slashing import duties on fully built EVs from 110% to 15%, provided manufacturers invest and set up local production. This dual-pronged approach aims to attract international players while building out domestic supply chains. Experts view these shifts as pragmatic. Leading Indian EV makers—such as Tata Motors, Ola Electric, and Mahindra & Mahindra—continue to depend on Chinese vendors for components like battery cells, power control units, and electric motors, even though assembly is carried out in India. 'The aim is to build a resilient domestic ecosystem, not to isolate it, unlike the more aggressive decoupling seen in the U.S. with China,' said Shubham Munde, senior analyst at intelligence firm Market Research Future. Yet this growing alignment between Indian and Chinese EV sectors is creating both opportunity and competition. MG Motor—a joint venture between India's JSW Group and China's state-owned automaker SAIC—has managed to double its market share over the past year, putting pressure on homegrown giants like Tata Motors. Its model, the MG Windsor, is now India's top-selling electric car, highlighting how joint ventures are gaining traction. At the same time, India's EV landscape remains deeply fragmented. According to Bernstein Research, just four legacy automakers dominate 80% of the electric mobility market, leaving over 150 EV startups struggling to establish a foothold in an increasingly competitive space. Government policy appears to be playing an outsized role in the EV trajectories of different countries. In its 2025 Electric Vehicles Outlook, Bloomberg New Energy Finance (BNEF) cut both its near-term and long-term passenger EV adoption outlook in the United States for the first time ever, citing key policy changes including rollback of national fuel-economy targets as well as the removal of supportive elements of the Inflation Reduction Act (IRA) by the Trump administration. In contrast, S&P Global Mobility has forecast strong growth for India's nascent EV sector, projecting that production of battery-electric passenger vehicles will increase by 140% year-over-year in 2025 to roughly 301,400 units. That would represent about 6% of the estimated 5.16 million passenger vehicles expected to be built in India that year. Still, the road to India's 2030 goal may be steep. According to S&P, India would need to boost EV adoption by approximately 380 basis points annually to reach 30% market share—nearly double the current growth rate of around 200 basis points per year since 2021. Compounding the challenge is the lack of a unified long-term roadmap and the pending expiration of several state-level EV incentive programs. By Alex Kimani for More Top Reads From this article on Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
