‘The power of And’: Toyota launches new strategy to reach net-zero in EU by 2040 December 5, 2022 Toyota has launched a new strategy to achieve carbon neutrality in Europe by 2040 at the latest. The Japanese marque will focus on driving down the environmental costs of its operations as well as ramping up its electric vehicles’ production, as it aims for its fleet to become net-zero by 2035. To do so – [...]
Ford receives £600m government loan to ramp up UK EV production December 1, 2022 Ford is set to ramp up production of electric vehicles in the UK following a £600m government loan. Through the UK Export Finance funding, the marque will increase its electric vehicle (EV) range from the current two models to nine within the next four years. The loan will boost a £125m investment into Ford’s EV [...]
EV owners could foot a total bill of £169.5m a year in road taxes after excise duty introduction November 22, 2022 Electric vehicle owners could pay up to £169.5m a year in road taxes, according to new research. Figures published today by Forbes Advisor reported that if electric vehicles (EVs) were to pay the same amount of vehicle excise duty (VED) as petrol and diesel cars – £165 per year – it will cost their owners [...]
Nissan ‘concerned’ about Government’s introduction of EV road tax November 17, 2022 EV powerhouse Nissan is “concerned” about the government’s decision to introduce a vehicle excise duty for electric car owners from 2025. “While we are pleased to see a growing EV market in the UK, we’re concerned about the effect that withdrawing this customer incentive could have on the electric car market, just as it is [...]
Volkswagen in doubt over construction of £1.7bn German electric car factory November 17, 2022 Volkswagen’s plans to build a €2bn (£1.7bn) electric vehicle factory in Germany are in doubt, according to recent reports. People close to the matter told Reuters that chief executive Oliver Blume was currently reviewing the plans, as doubts were cast on whether a new electric vehicle (EV) factory was needed after all. According to sources, [...]
Going cold: Mercedes follows in Tesla’s footsteps and cuts EV prices in China November 16, 2022 Mercedes has followed in Tesla’s footsteps and cut the price of its electric vehicle (EV) models in China due to a slowing demand. The luxury car maker announced late on Tuesday the price of the EQE electric SUV would be cut by 9 per cent while the EQS model would be between 11 and 22 [...]
UK well ahead of EV adoption curve but charging concerns threaten uptake November 15, 2022 The UK remains well ahead of the Climate Change Committee’s electric vehicle (EV) adoption curve but charging concerns threaten future uptake. Data published today by Volkswagen Financial Services UK showed that the UK is ahead by more than 150,000 units when it comes to the rate at which EV adoption must increase for the UK [...]
Government urged to sign off policy ensuring more EVs are on the road by 2024 November 8, 2022 A string of large electric vehicle (EV) players are lobbying the government to ink a mandate which would ensure a certain proportion of cars on the road in the UK are electric by 2024. A dozen businesses, including Ford, Britishvolt and Pod Point, have written to transport secretary Mark Harper and business minister Grant Shapps [...]
Net-zero bus maker Wrightbus bags £26m gov-backed funding to expand into EU and Asia November 1, 2022 Bus maker Wrightbus has bagged £26m in government-backed funding to expand its operations into Europe and South-East Asia. Under the agreement’s terms, the UK Export Finance will indemnify an £18m Green Trade loan as well as an £8m Green Bank guarantee provided by Barclays. “It’s fantastic to see Great British companies like Wrightbus take full [...]
Soaring energy bills putting off 70 per cent of drivers from getting an EV November 1, 2022 Energy bill hikes are putting potential drivers of electrical vehicles off, as the AA’s president warns it will hamper progress to cleaner driving. More than 70 per cent of drivers considering switching to a zero-emissions vehicle have been deterred by switching to an EV due to soaring costs of electricity. An AA poll of more [...]