In a move aimed at diversifying the oil-dependent economy, Hyundai Motor Co. has entered into an agreement with Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), to establish a car assembly plant worth over $500 million, according to a report by Bloomberg.

Saudi Arabia's wealth fund and Hyundai Motors to construct $500 million auto plant

Zero-emission cars - all of us have heard about the concept but the problem is the limited charging infrastructure that has come up now quite a few times and now there's another thing that has been in minds of several people running an electric vehicle in deserts or where there is limited charging.

Stella Terra: World's first solar SUV, completes 1,000 km off-roading test | World DNA

A new report shows that EV sales between July and September crossed three hundred thousand for the first time in history. A report by Cox Automotive shows that higher inventory levels, more product availability & lower prices have helped EV sales in the US market.

Decoding the US EV market in 2023

France has emerged as the main roadblock for those seeking to delay post-Brexit tariffs that are set to hit the electric vehicles shipped between the UK and the European Union in a move that could cost car makers billions of Euros in revenue.

France's opposition puts post-Brexit EV tariffs at risk

According to the data of the Indian Ministry of Road Transport and Highways’ Vahan Dashboard, more than one million Electric Vehicles(EVs) have been sold in the country so far in 2023.

India: 1mn electric vehicles sold in 2023, over 40 per cent of them made in THIS state

Get ready for the electric revolution in India. In the latest, Tesla is tying India with ambitious plans to set up a cutting-edge factory - the goal is to produce an all-new affordable electric vehicle priced at just $24,000.

JSW & Tesla leading India's ambitious electric vehicle plans

The latest innovation from Chinese automaker Nio has been unveiled: the Nio phone. With a variety of cutting-edge functions, this car-specific smartphone is designed to integrate with Nio's electric vehicles.

China's Nio breaks new ground with the launch of the Nio phone

The United Kingdom's transition to electric vehicles faces a significant roadblock as confusion over climate policy deepens. A delay in the 2030 ban on new petrol car sales, warns UK's auto industry trade body, could disrupt the transition shift.

UK's 2030 petrol car ban delay sparks automaker concerns

Vehicular emissions have been particularly identified as a significant contributor to air pollution. On-road motor vehicles like cars, bikes, and trucks are seen as the primary source of climate-related problems. Governments worldwide are recognising the need for cleaner, electric-powered vehicles to reduce their carbon footprint. But are these electric vehicles really contributing to reducing emissions?

Electric cars won't save the environment: Study

China's auto industry is seeking innovative solutions by deepening ties with its European counterparts through technology partnerships. This move comes after the European commission initiated a probe into China's electric vehicle subsidies. Chinese policy adviser, dong yang, emphasises the need for collaboration and win-win relationships as Chinese EV exports surge.

China seeks European tech partnerships amid trade conflicts

The European commission launched an investigation, looking into whether to impose punitive tariffs on Chinese electric vehicle imports, which it believes are benefiting from substantial state subsidies. This move follows concerns that the flood of cheaper electric cars from China is threatening EU producers and distorting the market.

China's EV industry faces EU scrutiny

The commerce minister on Wednesday said that India will develop new policies to attract electric vehicle (EV) producers and promote more investment in the industry.

India to develop new policy to promote EV investment: Commerce minister  

In a bid to accelerate the Electric Vehicle Revolution in India, the country is looking to unveil a groundbreaking policy aimed at attracting EV manufacturers and spurring greater investment in the sector.

India's new EV policy in the work: Empowering India's EV industry

After Morgan Stanley predicted that Tesla’s Dojo supercomputer would boost the electric vehicle maker’s market value by over $600 billion by accelerating its entry into robotaxis and software services, shares of Tesla rose by 6 per cent on Monday.

Dojo supercomputer to boost Tesla’s valuation by $600 billion: Morgan Stanley

A fierce battle is unfolding in the automotive world, as Europe's carmakers are racing to produce more affordable electric vehicles (EVs) and challenge China's dominance in the market.

Europe's EV makers face off against China

In a significant move towards promoting electric vehicle (EV) adoption and securing American jobs, the Biden administration has introduced a 12 billion dollar initiative.

Biden fuels auto industry with $12bn EV push

Vietnamese electric vehicle manufacturer Vinfast has ignited a frenzy in the market. Shares of the company surged a staggering 21% in a single day, marking a continuation of the electric automaker's whirlwind ascent. With its valuation now surpassing $160 billion, Vinfast has established itself as the third-most valuable player in the auto industry, trailing only Tesla and Toyota.

Vinfast: EV maker's shares surge 21% in market rally

India's automotive industry is poised for a seismic shift. A new policy under consideration could substantially slash import taxes for electric vehicles, Setting the stage for a wave of electric mobility adoption.

India to turbocharge its EV policy

India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.

With Tesla push, India mulls import tax cut if EV makers build locally

In a groundbreaking move towards a cleaner and more sustainable future, India has just given the green light to an ambitious plan the Indian government approved a plan to introduce a fleet of 10,000 electric buses in 169 cities over the next decade. This initiative comes with a substantial investment of around 7 billion US dollars.

India approves $7 billion plan for 10,000 electric buses

Indonesia is rapidly increasing its reliance on coal-fired power plants to produce ‘eco-friendly’ electric vehicles and batteries. The irony is striking. Indonesia, already one of the world’s top CO2 emitters, is planning to bring more coal power online.

Indonesia is boosting its green EV industry by burning massive amounts of coal

China has become the leading exporter of automobiles in the first six months of 2023, topping Japan within half a year as Chinese electric cars witnessed an increase in sales worldwide, according to a report by Nikkei Asia.

China leads world in automobile exports, surpasses Japan 

Chinese electric vehicles were expected to help the UK achieve its 2013 Net Zero Target however they are now being perceived as a major security threat. Conservative British MPs are warning British citizens that China may not just dominate the UK Market with its cheap EVs but they might just be aiding the Chinese to spy on British citizens.

Chinese EV manufacturers may misuse UK owners' data: PICA

A British MP issued a warning against importing Chinese electric vehicles into the UK since doing so could give Beijing access to British individuals' personal information. Electric vehicles from China should not be imported into the UK, according to British lawmakers, as this could allow Beijing to spy on the country's citizens.

UK Member-MPs of International Cross-Party alliance raise caution

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