Mbg Gr News Today

Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.

India is proposing reducing import taxes on some electric vehicles from the UK in an effort to clinch a free-trade deal between the two nations by the end of the year, according to two people familiar with the discussions.

Auto-industry executives long complained that electric cars aren’t as profitable as their combustion-engine counterparts. BMW AG Chief Executive Officer Oliver Zipse says those days are over.

Electric-vehicle sales are poised to more than double by 2026 but eliminating emissions from road transportation by the middle of this century will require even greater efforts, according to BloombergNEF.

Mercedes-Benz AG outlined plans for producing its next generation of electric vehicles, moving past a critical crossroads with German labour unions as the carmaker phases out some models in its shift to all-luxury.

Higher commodity costs linked to Russia’s invasion of Ukraine risk slowing down the Democratic Republic of the Congo’s economic recovery from the coronavirus pandemic, the International Monetary Fund warned.

The British car maker is jumping on the EV bandwagon, but will its path to a dramatically smaller footprint ultimately dismay investors?