ELECTRIFICATION OF AUTO

Thousands of cars from China's BYD rolled off a ship in the German port of Bremerhaven on Monday, as the world's biggest electric carmaker brought its challenge directly to Europe's auto making powerhouse.

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New car sales in Europe rebounded by 13.9 percent in 2023 as electric vehicles overtook diesel for the first time, an industry group said on Thursday.

The production pause brought about by the shipping attacks in the Red Sea may result in the non-production of approximately 5,000 to 7,000 cars.

Honda unveiled Tuesday a new electric vehicle series to launch commercially in 2026, revealing a futuristic concept car at the Consumer Electronics Show in Las Vegas.

Vietnamese carmaker VinFast said it will build its first electric vehicle factory in India as part of a planned $2 billion investment, as it looks to expand into the rapidly growing market.

The UK government has turned the zero-emission vehicle mandate into law after an extension of the EU electric vehicles trade rule last month, putting in place the biggest ZEV mandate in the world.

Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government subsidy programmes saw electric vehicles lose ground on fossil-fuel models.

US car maker Tesla has lost its crown for most sales of all-electric vehicles to Chinese firm BYD, which has capitalized on Beijing's strong government support for the burgeoning sector.

Since Elon Musk launched his new Tesla Cybertruck, electric car manufacturers have come under fire for designing masculine cars and marketing them towards men.

British Prime Minister Rishi Sunak on Thursday hailed a deal with the European Union to delay post-Brexit tariffs on electric vehicle sales that were due to kick in from January.

Electric car maker Tesla has initiated a recall of over two million vehicles in the United States due to risks associated with the autopilot software, the US traffic safety regulator said Wednesday.

Brussels proposed Wednesday a three-year delay on tariffs on the sale of electric vehicles between Britain and the EU that was meant to kick in from January, in a major reversal of its previous position.

The commission expressed apprehension that any decision to lift the tariff could be viewed as a violation of the Brexit Trade and Cooperation Agreement (TCA).

Nissan has announced a groundbreaking £2 billion investment to expand electric vehicle (EV) production in Sunderland.

Tesla chief executive Elon Musk broke his silence Thursday on a strike against his company in Sweden, saying it was "insane" that it may block new car deliveries.

The US transition to electric cars has hit a speed bump, with concerns about vehicle range and limited charging capacity adding to core affordability issues.