China Blasts EU Probe Into EV Subsidies, Describes It As “Protectionist”

The Chinese Ministry of Commerce blasted the European Union’s decision to open an investigation into the state subsidies that allow Chinese-made EVs to be sold at “artificially low” prices on the Old Continent, which could lead to the EU imposing tariffs on battery-powered vehicle imports. Beijing described the probe as “protectionist” and said that the…

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Rivian CEO Hints At Leasing Options That Will Unlock $7,500 Tax Credit

Rivian doesn’t currently offer leasing and none of their passenger vehicles qualify for the full $7,500 Inflation Reduction Act (IRA) tax credit, but that may change soon, according to the company’s founder and CEO, RJ Scaringe, who spoke about the startup’s future during Morgan Stanley’s 11th annual Laguna Conference. Scaringe said that Rivian didn’t offer…

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Tesla Officially Introduces Powerwall 3

Tesla has officially announced the third generation of its Powerwall home energy storage system, which brings several improvements and a few changes. The Powerwall 3 is a fully integrated solar and battery system, designed for home installations. The latest version has the same energy capacity as the Powerwall 2 – 13.5 kilowatt-hours – but its…

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Mumbai’s 200 e-double decker bus plan faces regulatory issue, Switch Mobility seeks price revision as per deal terms, ET Auto

“We started off with a 3% market share in FY 22, and we had close to 20% market share in the e-bus segment in FY 23,” Mahesh Babu said. New Delhi: The plan of Mumbai’s BEST (Brihanmumbai Electric Supply and Transport) to introduce fully air-conditioned electric double decker buses is stuck on the electronic stability…

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