Toyota Motor Corp.’s chief operating officer for North America, Jack Hollis, criticized U.S. policies that are driving the rapid adoption of electric vehicles, calling them “de facto mandates” that are out of sync with consumer demand, Bloomberg reports. Hollis noted that government support […]
According to Bloomberg, the slowdown in the popularity of electric cars in the United States may be further exacerbated by the fact that the next President of the United States, Donald Trump, has promised to repeal the electric vehicle tax credit. GlobalData, an automotive forecaster, has lowered its […]
Jack Hollis, chief operating officer of Toyota Motor North America, recently publicly criticized the US government’s policies to promote the popularization of electric vehicles (EVs), saying that these policies are actually “mandatory requirements” and pointed out that they have failed to keep pace with consumer demand and market reality. In an interview with the […]
HOLON, a subsidiary of German automotive parts supplier Benteler Group, recently applied to the National Highway Traffic Safety Administration (NHTSA) for an exemption from the US Federal Motor Vehicle Safety Standards (FMVSS). The exemption will allow HOLON to deploy up to 2,500 driverless electric buses in the United States each year, which will not be […]
On November 7, Faraday Future (FF), a global shared smart electric mobility ecosystem company, announced its financial results for the third quarter of 2024. Among the results, operating expenses fell 92.6% year-over-year to $3.8 million; operating loss decreased to $25.2 million from $66.4 million in the same period […]
According to foreign media reports, the European Union’s climate commissioner reiterated on Nov. 7 that the EU plans to stop selling cars that contain carbon dioxide emissions by 2035 and tighten carbon dioxide emission limits next year. Previously, some member state governments and automakers pressured the EU […]