HMRC criticised as mileage rates lag behind cost of EV charging

HMRC’s latest mileage rates for company car drivers come into force today (1 June), amid fleet industry criticism that they do not cover the rapidly increasing cost of charging electric vehicles, even if they are plugged in at home. Advisory Fuel Rates (AFRs) and the Advisory Electric Rate (AER) are HMRC-approved per-mile rates at which… Continue reading HMRC criticised as mileage rates lag behind cost of EV charging

Denso bullish on business prospects as it tackles chip shortages

TOKYO (Reuters) – Denso Corp, Japan’s largest auto supplier, was bullish about its prospects in a business presentation on Wednesday as demand for automotive chips expands and it tackles semiconductor shortages that have frustrated Toyota Motor Corp, its biggest shareholder and customer. Chief Technology Officer Yoshifumi Kato said Denso expects demand for auto chips to… Continue reading Denso bullish on business prospects as it tackles chip shortages

7 Discounted Auto Stocks to Buy Now

With a unique combination of renewed supply chain troubles and the return to normal, these discounted auto stocks could eventually swing back higher. Toyota (TM): Commanding a reputation for reliability and fair prices, Toyota is among the major auto stocks poised to do well over the long run. General Motors (GM): Although General Motors shares… Continue reading 7 Discounted Auto Stocks to Buy Now

German Handelsblatt: Auto industry: More efficient and electric: The new BMW plant in Hungary should become a role model004387

Der BMW-Konzern will seine Fertigungsstrukturen radikal umbauen. Blaupause für den Neustart wird das neue Werk in Ungarn sein, das ab 2025 die Produktion aufnehmen soll. Den Grundstein für den neuen Standort in Osteuropa legte Produktionschef Milan Nedjelkovic am Mittwoch in Debrecen im Osten Ungarns, eine Autostunde von der ukrainischen Grenze entfernt.„Wir haben die Möglichkeit eine… Continue reading German Handelsblatt: Auto industry: More efficient and electric: The new BMW plant in Hungary should become a role model004387

@Nio: NIO Inc. Provides May 2022 Delivery Update000408

Jun 1, 2022 NIO Inc. Provides May 2022 Delivery Update NIO delivered 7,024 vehicles in May 2022 NIO delivered 37,866 vehicles year-to-date in 2022, increasing by 11.8% year-over-year Cumulative deliveries of vehicles as of May 31, 2022 reached 204,936 SHANGHAI, China, June 01, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO)… Continue reading @Nio: NIO Inc. Provides May 2022 Delivery Update000408

The most surprising part of Buick’s announcement isn’t that it will become an EV brand

Buick said Wednesday it will launch its first EV in 2024 and revealed a sleek concept car that will set the direction on its journey to becoming a fully electric brand in North America by 2030. But that’s not the most surprising news. Buick, it seems, is opening the door to coupes and sedans. Even… Continue reading The most surprising part of Buick’s announcement isn’t that it will become an EV brand

EV Roundup: STLA’s $2.5B Battery Plant, GM-POSCO JV and More

The electric vehicle (EV) revolution is speeding up, with companies leaving no stone unturned to establish a strong foothold in this domain. Legacy automakers are stepping up e-mobility investment and setting ambitious targets to electrify their fleet. With batteries serving as the secret sauce for EVs, automakers are fast boosting their investments in battery production.… Continue reading EV Roundup: STLA’s $2.5B Battery Plant, GM-POSCO JV and More

German Handelsblatt: Auto industry: More efficient and electric: The new BMW plant in Hungary should become a role model004385

Der BMW-Konzern will seine Fertigungsstrukturen radikal umbauen. Blaupause für den Neustart wird das neue Werk in Ungarn sein, das ab 2025 die Produktion aufnehmen soll. Den Grundstein für den neuen Standort in Osteuropa legte Produktionschef Milan Nedjelkovic am Mittwoch in Debrecen im Osten Ungarns, eine Autostunde von der ukrainischen Grenze entfernt.„Wir haben die Möglichkeit eine… Continue reading German Handelsblatt: Auto industry: More efficient and electric: The new BMW plant in Hungary should become a role model004385

EOS Linx Partners with Lone Star Business Association Cooperative to Expand EV Charging Network Across Texas

BRENTWOOD, Tenn., June 1, 2022 /PRNewswire/ — EOS Linx, a provider of solar-supported electric vehicle (EV) chargers with data-driven digital advertising displays, has partnered with the Lone Star Business Association Cooperative (LSBAC) to expand its EV charging network at petro-convenience stores across Texas. EOS Linx is currently in discussion with members of LSBAC, which is… Continue reading EOS Linx Partners with Lone Star Business Association Cooperative to Expand EV Charging Network Across Texas