electric cars

VW says will invest over 34bn euros

Frankfurt - Muslimchronicle

German automaker Volkswagen on Friday said it planned to invest more than €34 billion ($40 billion) over the next five years in new technologies to advance its push to become a global leader in electric cars. “We are reinventing the car,” chief executive Matthias Mueller said after a meeting of the group’s supervisory board. The bulk of the 2018-2022 spending spree would goRead more

Norway seeks 'Tesla tax' on electric cars

Oslo - Muslimchronicle

Norway, a world leader of zero-emission vehicles, on Thursday proposed a "Tesla tax" aimed at cutting a tax advantage granted to large electric cars in a heavily criticised move. Electric cars, which have hitherto been exempted from heavy taxes imposed on other vehicles, accounted for 20 percent of new registrations in the Nordic country since the beginning of this year,Read more

Renault to rely on low-cost and electric cars to boost sales

Paris - Muslimchronicle

French carmaker Renault expects a first-mover edge in electric cars and a wider vehicle line-up for emerging markets to help it deliver a 44 percent sales increase by 2022. Electric cars are “turning into a significant contributor to our performance while other automakers are just starting the journey,” Chief Executive Carlos Ghosn said on Friday. Renault’s mid-term plan shows itRead more

Norway says half of new cars now electric or hybrid

Oslo - AFP

Norway, which already boasts the world's highest number of electric cars per capita, said Monday that electric or hybrid cars represented half of new registrations in the country so far this year. "This is a milestone on Norway's road to an electric car fleet," Climate and Environment Minister Vidar Helgesen told AFP. "And it serves to showcase that green transportRead more

Metals tycoon plans to make electric vehicles in India by 2020

Mumbai - Arab Today

JSW Group, an Indian conglomerate with interests in metals to power generation, plans to venture into electric cars by 2020 on expectations the government will promote such vehicles and falling battery prices will make them more affordable. The Mumbai-based group will set up the electric-vehicle business on its own and initially buy batteries from suppliers, Chairman Sajjan Jindal, 57, saidRead more

Tesla equipping cars to drive completely on their own

San Francisco - Arab Today

Tesla Motors is starting to build its electric cars with all the sensors, cameras and other gear needed to drive completely on their own when regulations allow the technology to take over that responsibility. The announcement made late Wednesday by Tesla CEO Elon Musk marks the Silicon Valley automaker’s next step toward selling cars that can navigate the roads withoutRead more

Electric car revolution brightens outlook for a medley of metals

London - Arab Today

Electric cars such as the Nissan Leaf may look no different from the standard family runaround. But the new materials that go into them could revolutionize the market for metals used in the industry, opening up a new field for commodities investors. “We identified electric vehicles as an area where we are at an inflection point for demand,” said DuncanRead more

Electric cars purr at post-‘dieselgate’ Paris motor show

Paris - Arab Today

Automakers at the Paris Motor Show unveiled several electric cars with a range of up to 400 km, a technological leap designed to turn the page on the “dieselgate” scandal that sullied the industry’s image. Troubled German automaker Volkswagen led the electric charge on the opening day of the biennial show, where it aims to rebound from the emissions cheatingRead more

Electric charging stations will overtake petrol stations in UK by 2020

London - Arab Today

There will be more public locations to charge electric cars in the UK than there are petrol stations by the summer of 2020, according to new analysis by Nissan. At the end of 2015, there were just 8,472 fuel stations in the UK, down from 37,539 in 1970. Assuming a steady rate of decline, Nissan predicts that by August 2020Read more

Audi aims for electric cars to be a quarter of sales by 2025

Berlin - Arab Today

Audi will aim for electric cars to account for a quarter of its sales by 2025 as part of a strategic overhaul following the emissions scandal at parent Volkswagen, company sources said, in a move that could step up the challenge to US group Tesla. Audi, which has been slow to embrace battery-powered vehicles, will now invest about a thirdRead more