UK automotive industry takes another hit as new car registrations drop to worst June since 1996 July 5, 2022 Registrations of new cars fell by around 24 per cent last month compared with June 2021, according to preliminary figures from the Society of Motor Manufacturers and Traders (SMMT) this morning. This means the UK automotive industry suffered its worst June for new car sales since 1996. In fact, only around 800,000 new cars were [...]
EU most powerful EV charging hub opens in Oxford July 5, 2022 Europe’s most powerful electric vehicle (EV) charging hub opens in Oxford. The £41m project will initially provide ultra-fast charging for 42 electric cars, reaching up to 400 cars when at full capacity. Transport minister Trudy Harrison said: “Electric vehicles form a key part of our strategy to decarbonise transport, so I’m pleased to see Europe’s [...]
Labour pledges to create 30,000 EV jobs as UK lags behind competitors July 3, 2022 The Labour Party has pledged to create 30,000 electric vehicle (EV) new jobs – both in factories and across the supply chain – within the next three years. The move is part of Labour’s plan to partly fund three additional gigafactories by 2025, as it warned the UK’s investment in EV and battery production was [...]
Lotus raises £74m for EV push July 3, 2022 Luxury marquee Lotus Cars has raised £74m for its electric vehicle (EV) push. The Norwich-based car maker secured £50m in borrowings from Santander, while its Chinese and Malaysian owners Geely and Etika chipped in with a £24m loan. The backing will enable Lotus to transition to EVs, developing a prototype to base all models on [...]
Landmark day: Essex ‘scale-up’ unveils first hydrogen HGV to be mass-produced in UK June 30, 2022 Essex-based “scale-up” Tevva made automotive history today when it unveiled the first hydrogen HGV mass-produced in the UK. Fitted with a hydrogen-fuel cell system in addition to its electric battery, the 7.5-tonne lorry is able to carry heavy loads over long distances, driving as far as 310 miles. “By embracing hydrogen, we are futureproofing ourselves, [...]
Formula E, Extreme E and E1 Series co-founder Alejandro Agag on the future of sport June 29, 2022 In the overcrowded market that is sport it’s difficult to stand out. New ideas, usually brainchilds of multi-millionaires, come and go – often passing within the blink of an eye. And if they are successful one year, there’s little certainty of a cut through the next. But with growing concerns surrounding the environment and the [...]
Brits put off buying EV due to record inflation June 23, 2022 Brits are becoming increasingly put off buying electric vehicles (EV) due to rocketing inflation rates. According to a research published today by Close Brothers Motor Finance (CBMF), 41 per cent of Britons have decided against going electric as a result of the cost-of-living crisis. Figures reported that 84 per cent of people are taking at [...]
Ford picks Spain over Germany for EV plant but warns of job cuts June 22, 2022 Ford has picked Spain over Germany to produce electric vehicles (EVs) but has warned of “significant” job cuts ahead. The US car maker said today EV production at its Valencia plant will begin later this decade, but it will imply redundancies both at the Spanish plant and at the marquee’s facility in western Germany. The [...]
Insurance giant Axa calls for clarity on self-driving cars June 16, 2022 French insurer Axa has called on the government to offer greater clarity around autonomous vehicles to support the rollout of self-driving cars. The French insurance firm called on the government to put in place laws that enable the deployment of self-driving vehicles, as it said lawmakers should work with the insurance sector to “pave the [...]
EV and hybrid to make 80 per cent of Ferrari’s sales by 2030 June 16, 2022 Electric and hybrid vehicles will make 80 per cent of Ferrari’s sales by 2030, according to the company. The luxury marquee pledged to build “even more unique” cars as it makes the transition to net-zero. “Everything we do will always focus on being distinctively Ferrari,” chairman John Elkann told investors this morning. “The opportunity set of [...]