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Inflation Reduction Act funds have enabled upfront discounts on the purchases of more than 300,000 clean vehicles since Jan. 1, federal agencies say. It’s the second time in less than three months that VW has warned of decreased profits. The new Rivian R2 SUV options large cylindrical batteries which are even larger than the superior 4680 cells used by Tesla.

Terming this as adverse commentary, Shailesh Chandra makes it amply clear that hybrids aren’t the reply even whereas a section of trade is batting aggressively for this various. The government is urging the car trade to significantly enhance investments in sustainable technologies like flex gasoline, green hydrogen, and LNG automobiles. It also seeks extra scrappage and health centers, and higher incentives for scrapping old vehicles. Industry leaders acknowledge the excessive expectations but highlight existing challenges in fuel provide and infrastructure.

General Motors reported a dip in third-quarter US auto sales Tuesday, but pointed to growth in sales of electric autos and said retail pricing remained regular. Following a bankruptcy filing from EV automaker, Fisker, the company’s former Southern California headquarters was deserted and has reportedly become a magnet for squatters. The luxurious electrical automobile firm was based in 2016 by Danish designer Henrik Fisker.

The firm may also introduce the X3 xDrive30e in 2025, culminating in BMW New Zealand providing 10 PHEVs to customers. In the DRHP, Hero Motors has unveiled plans to lift INR 900 crore via the IPO through a mixture of recent fairness issuance and a suggestion for sale by promoters. AutoNews.com is an internet site that gives automotive news updates, including news generated from Automotive News, Automotive News Europe, Automotive News China, Autoweek, Bloomberg, and Reuters enterprise news. French President Emmanuel Macron reaffirmed his support for EU tariffs on Chinese electric autos, throughout a go to to Berlin on Wednesday. With tens of millions of self-driving vehicles projected to be on the road in 2025 and autonomous drones generating billions in annual sales, safety and reliability are essential considerations for customers, manufacturers, and regulators. As the EU seeks to place a brake on competitors from Chinese electrical cars, European automakers are stuck in second gear.

We also bring you news and analyses from the growing effort to reduce back the number of automobiles crowding our cities and the battle to reduce oil consumption, cut CO2 emissions, and shift to more sustainable sources of vitality. Autotalk, New Zealand’s prime car magazine, offers the newest news, evaluations, and analysis from the automotive world. It features in-depth commentary and protection of the automotive industry, motorsports, and cutting-edge vehicle expertise. With its insightful features, Autotalk is a go-to supply for anybody in search of an in-depth understanding of the automotive world.

Jeep’s first US-bound electrical automobile is a high-powered Wagoneer, set for a fall 2024 launch. Qualcomm’s automotive income in the most recent quarter was $811 million, an 87% improve from the identical Automotive News quarter in 2023. AI at the edge is actually alive and properly for the company, far outstripping Nvidia’s automotive business.