Tag: EVs

Electric vehicles are losing value at an "unsustainable" rate as a slowdown in consumer demand causes used car prices to halve in two years, leasing companies have warned.

Italian car maker Fiat has told the workforce on its electric 500 assembly line to down tools for a month due to lack of demand for the battery-powered city cars.

Italy has called for a review of the European Union's "ideological" 2035 petrol car ban amid fears it risks triggering the industry's collapse.

Electric vehicles will make river pollution worse because of their weight, according to the Chairman of the Environment Agency.

The Chief Executive and founder of European Tesla-rival Polestar has quit after seven years at the helm after sales plunged 40% in a year.

Porsche has scrapped its sales targets for EVs amid a slump in demand. A previous goal of 80% by 2030 has been watered down and the company now says sales will depend on uptake and how the technology develops.

EV owners got a shock when Sadiq Khan announced the end of the EV Congestion Charge exemption. But Ben Pile saw it coming, noting pricey EVs are really a bridging technology between having a car and not having a car.

Owners of electric cars are ditching battery power and returning to petrol as industry data show that a majority of those who sell an EV don't buy a new one.

Sales of electric vehicles plunged 12.5% across Europe last month, fuelled by a sharp drop-off of 30% in Germany and 12.5% in the Netherlands.

The BBC is confronting the fact that the EV market is collapsing. Naturally, this is starting to cause a panic because all those pesky climate targets enshrined in law aren’t going to be met.