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Ferrari warns rivals of Chinese EVs ahead of 2025 electric debut

Ferrari warns EU automakers of incoming Chinese EV competition, calling for action.CEO Benedetto Vigna sees China's EV growth as friendly competition, not a war.Ferrari to launch first electric supercar in 2025, aims for 60%...

Goodbye Routemaster? BYD aims to replace London buses with new electric model

BYD revealed its new all-electric double-decker bus, the BYD BD11, in London this week.Painted in the synonymous London bus red, BYD is setting its sights on the BD11 being the bus of choice in...

Chinese carmakers set sights on production in Turkey to dodge EU tariffs

Chinese automakers eye production in Turkey to avoid EU tariffs.Turkey, a key player in automotive production, accelerates discussions with BYD, Chery, and SAIC.Partnership signifies Turkey's readiness for Europe's electric vehicle transition, boosting its role...

EVs are racing towards half of global auto market dominance

EVs storm towards half of global auto market dominance.IEA's Global EV Outlook 2024 crushes pessimistic views on EV sales, with projections of 17 million global EV sales in 2024.China leads with 10 million EV...

Ebike market set to surge past $62 billion by 2028

Global ebike market set to grow significantly per "E-Bike Market" report, targeting USD 62.3 billion by 2028.Despite challenges, factors like environmental awareness and tech advancements to drive industry forward.Key trends: Lithium-ion as top battery...

The Philippines is embracing EVs with continued tax exemptions for imported electric vehicles

The Philippines extends its tax exemption for imported electric and hybrid vehicles, including electric motorcycles and e-bikes, until 2028.This initiative, initially implemented in 2023, aims to promote eco-friendly transportation and reduce carbon emissions.The policy...