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Ev Transition: The US transition to electric cars has hit a speed bump, with concerns about vehicle range and limited charging capacity adding to core affordability issues. But there are also significant doubts among drivers surrounding the autos over inadequate charging infrastructure (36 percent), battery range (39 percent) and vehicle affordability (38 percent).
Ford: Three-quarters of cars produced by South Africa's auto industry, which accounts for 5% of gross domestic product and over 100,000 jobs, are exported, mostly to European countries. But with the UK and Europe banning the sale of new petrol cars from 2035, South Africa's government has warned of an existential threat to the sector, and automakers have sought a government plan to transition to electric vehicles.
A lobby group says the country could lose pp to 70,000 jobs due to the push towards green transport
Japan's Mitsubishi Motors will end production in China, the company said Tuesday, after failing to keep pace with the local market's rapid shift to electric vehicles. "Local production of Mitsubishi brand vehicles in China will be terminated," the company said in a statement released Tuesday.
Jlr: The British luxury carmaker, which is owned by India's Tata Motors, said earlier this year it will invest 15 billion pounds (USD 19 billion) over the next five years to develop EVs, with a new electric Jaguar coming in 2025.