Rivian puts EV venture with Mercedes on hold to focus on US operations December 12, 2022 Rivian has put its plans to create an electric van joint venture with Mercedes on hold to focus on its US operations. The electric van maker announced today it was pressing the pause button on the project to instead focus on its existing US business – which include a contract to supply Amazon 100,000 delivery [...]
Dragons’ Den star Levi Roots on Brixton being the ‘sauce’ of entrepreneurial spirit December 7, 2022 In Brixton, the “heartbeat of the community” is its market, Dragons’ Den star and the businessman behind Reggae Reggae sauce, Levi Roots, tells CityA.M. The south London district has been Roots’ home ever since he moved to the UK as a young child from Jamaica, so it’s no surprise it is close to his heart. [...]
Toyota unveils first hydrogen-powered SUV as part of net-zero strategy December 6, 2022 Toyota has unveiled the first prototype for its hydrogen-powered SUV as part of the company’s net-zero strategy. A middle-sized Corolla SUV, the prototype can accommodate up to five passengers and it’s powered by a 1.6-litre engine as well as by hydrogen fuel tanks. Hydrogen combustion engines use already existing internal combustion engines while working on [...]
Volkswagen to present software roadmap later this month December 5, 2022 Volkswagen is set to present its new software roadmap later this month, according to sources. People close to the matter told German business newspaper Handelsblatt that Volkswagen’s chief executive Oliver Blume will present the strategy at a supervisory board meeting on 15 December. The software roadmap – which will cost the group €1bn (£861.6m) – [...]
‘The power of And’: Toyota launches new strategy to reach net-zero in EU by 2040 December 5, 2022 Toyota has launched a new strategy to achieve carbon neutrality in Europe by 2040 at the latest. The Japanese marque will focus on driving down the environmental costs of its operations as well as ramping up its electric vehicles’ production, as it aims for its fleet to become net-zero by 2035. To do so – [...]
Ford receives £600m government loan to ramp up UK EV production December 1, 2022 Ford is set to ramp up production of electric vehicles in the UK following a £600m government loan. Through the UK Export Finance funding, the marque will increase its electric vehicle (EV) range from the current two models to nine within the next four years. The loan will boost a £125m investment into Ford’s EV [...]
EV owners could foot a total bill of £169.5m a year in road taxes after excise duty introduction November 22, 2022 Electric vehicle owners could pay up to £169.5m a year in road taxes, according to new research. Figures published today by Forbes Advisor reported that if electric vehicles (EVs) were to pay the same amount of vehicle excise duty (VED) as petrol and diesel cars – £165 per year – it will cost their owners [...]
Nissan ‘concerned’ about Government’s introduction of EV road tax November 17, 2022 EV powerhouse Nissan is “concerned” about the government’s decision to introduce a vehicle excise duty for electric car owners from 2025. “While we are pleased to see a growing EV market in the UK, we’re concerned about the effect that withdrawing this customer incentive could have on the electric car market, just as it is [...]
Volkswagen in doubt over construction of £1.7bn German electric car factory November 17, 2022 Volkswagen’s plans to build a €2bn (£1.7bn) electric vehicle factory in Germany are in doubt, according to recent reports. People close to the matter told Reuters that chief executive Oliver Blume was currently reviewing the plans, as doubts were cast on whether a new electric vehicle (EV) factory was needed after all. According to sources, [...]
Going cold: Mercedes follows in Tesla’s footsteps and cuts EV prices in China November 16, 2022 Mercedes has followed in Tesla’s footsteps and cut the price of its electric vehicle (EV) models in China due to a slowing demand. The luxury car maker announced late on Tuesday the price of the EQE electric SUV would be cut by 9 per cent while the EQS model would be between 11 and 22 [...]
