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Campaigners call for Paris-style parking charges amid fears big vehicles are taking up excessive public space The number of giant cars in England’s cities has increased tenfold in recent years, according to researchers, who warn the vehicles are taking up excessive public space and posing a threat to public safety. Analysis published by Clean Cities has found SUVs have gone from 3% to 30% of existing cars in the past two decades. In London, the number of SUVs has increased from about 80,000 in 2002 to about 800,000 in 2023. Continue reading...

Electric car business run by Elon Musk continues to lose ground to Chinese rival despite recent revamp of Model Y Business live – latest updates Tesla sales slumped 40% across Europe in July compared with a year earlier as Elon Musk’s electric car company faces increasingly tough competition from its Chinese rival BYD. There were 8,837 sales of Tesla cars last month across the EU, the European Free Trade Association and the UK, according to figures from the European Automobile Manufacturers’ Association (ACEA). That compared with 14,769 at the same point last year. Continue reading...

BMW, Jaguar Land Rover, Nissan and Toyota lobbied against zero emission vehicle mandate, documents show Carmakers claimed that leaving electric car sales rules unchanged would threaten British jobs and cost them hundreds of millions of pounds, according to documents that show the private lobbying for a slower transition away from fossil fuels. BMW, Jaguar Land Rover, Nissan and Toyota claimed that rules forcing them to sell more electric cars each year would harm investment in the UK, according to responses to proposed changes submitted to the government. The responses were obtained by Fast Charge, a newsletter covering electric cars, and shared with the Guardian. Continue reading...

Nearly 600,000 BEVs hit the road as carmakers such as Renault and Stellantis attract more price-sensitive buyers A record number of electric cars were registered in western Europe between April and June, as more affordable battery-powered cars came to market, according to new research. Nearly 600,000 battery electric vehicles (BEV) hit the roads in the last quarter in a boost to sales that had been rising more slowly than previously forecast in the last year. Continue reading...

Industry experts hope the new subsidy will boost Britain’s EV market – but not all models will be eligible Is it time to go electric? The UK car industry certainly thinks so and is readying for a surge in demand as a new subsidy scheme cuts the price of some electric cars by up to £3,750. With purchase prices – not to mention range anxiety – contributing to weak consumer uptake, the government grants are designed to bring the upfront cost closer to a petrol car. Making them cheaper will also give “thousands more drivers access to savings of up to £1,500 a year in fuel and running costs compared to a petrol car”, officials say. Continue reading...

Overcapacity – from electric vehicles to high-speed rail to housing – is destroying profits as well as GDP China’s astounding technological success in mass-producing quality electric vehicles (EVs) sits alongside a serious flaw in its industrial model: overcapacity . It has the capacity to produce about three times as many units as it can sell at home. The consequences so far have included widespread price cutting, large losses, misallocation of capital, and surging low-cost EV exports leading to trade conflict . Continue reading...

Fall in operating profits also due to losses on electric car sales in US but drop is less than manufacturer estimated Business live – latest updates The Japanese carmaker Honda has reported a 50% drop in quarterly profits as it counted the cost of Donald Trump’s tariffs and electric vehicle policies, even as it said the full impact would be less than its worst expectations. The manufacturer’s operating profits fell by half to 244bn yen (£1.2bn) in the three months to June, according to financial results published on Wednesday. That was mainly because of a 124bn yen hit from tariffs, as well as 113bn yen in losses on electric car sales in the US. Continue reading...

Carmaker and CEO accused of securities fraud and hiding significant risk posed by company’s self-driving vehicles Tesla shareholders sued Elon Musk and the electric vehicle maker for allegedly concealing the significant risk posed by company’s self-driving vehicles. The proposed class-action suit, which accuses Musk and Tesla of securities fraud, was filed on Monday night. Tesla conducted its first public test of its self-driving taxis in late June near the company’s headquarters in Austin , Texas. That test showed the vehicles speeding, braking suddenly, driving over a curb, entering the wrong lane and dropping off passengers in the middle of multilane roads. The National Highway Transit Safety Administration (NHTSA), the main transportation regulator in the US, is investigating the Robotaxi’s pilot test. Continue reading...

Data also shows the overall British market contracted, with America’s Tesla suffering a 59% slump Chinese carmakers led by BYD reported big jumps in UK sales last month, despite a declining overall car market, including a 59% slump in sales from their electric vehicle rival Tesla. BYD sales quadrupled year on year to reach 3,200 in July, even as overall sales of all types of car declined by 5% to 140,000, according to data published on Tuesday by the Society of Motor Manufacturers and Traders (SMMT), a lobby group. Continue reading...

Overcapacity and oversupply are causing ‘involution’ and putting growth at risk, manufacturers told China is urging its electric vehicle industry to stop cutting prices and rein in production amid fears that persistent deflation is imperilling economic growth. In recent months Chinese officials have talked repeatedly of the need to combat “ involution ” in sectors suffering from overcapacity, such as EVs, referring to the phenomenon of investing more effort and money for diminishing returns. Continue reading...

Case opens door to other costly lawsuits after jury held that the car company bore significant responsibility in the crash A Miami jury ordered Elon Musk’s car company on Friday to pay $329m to victims of a deadly crash involving its Autopilot driver assist technology, opening the door to other costly lawsuits and potentially striking a blow to Tesla’s reputation for safety at a critical time for the company. The federal jury held that Tesla bore significant responsibility because its technology failed and that not all the blame can be put on a reckless driver, even one who admitted he was distracted by his cell phone before hitting a young couple out gazing at the stars. The decision comes as Musk seeks to convince Americans his cars are safe enough to drive on their own as he plans to roll out a driverless taxi service in several cities in the coming months. Continue reading...