Car insurance rates may seem unpredictable, but several factors can lead to price fluctuations, both within your control and beyond. These changes could be due to personal driving habits, claims history, or even things like your credit score and lifestyle changes. Here’s a breakdown of the most common reasons your car insurance premiums may go […]
The Biden administration announced on Tuesday that the U.S. Department of Energy will offer a $6.6 billion loan to Rivian Automotive, aimed at restarting construction of the company’s stalled Georgia factory. The loan comes after Rivian, an electric vehicle startup, faced financial struggles as it worked to become profitable. There is uncertainty surrounding whether the […]
With President-elect Donald Trump poised to return to the White House, concerns are mounting in the electric vehicle (EV) industry, given his past opposition to EVs and his administration’s stance on technology. His transition team is reportedly planning to eliminate the $7,500 tax credit for electric vehicle purchases, which could significantly impact EV sales. The […]
The UK used car market defied expectations in November, continuing its trend of outperforming seasonal norms despite economic uncertainties and challenges in vehicle finance availability. According to valuation experts at cap hpi, the average values for three-year-old cars with 60,000 miles saw a 1.6% drop (around £280), which was less than the historical average decline […]
The U.S. government has announced plans to overhaul auto emissions standards, aiming for a significant shift in the automotive market. By 2032, electric vehicles (EVs) are projected to make up around two-thirds of all new car sales in the country. According to Matthias Heck, an industry analyst at Moody’s, this target is achievable, but it […]
The automotive industry has been undergoing a profound transformation, with electric vehicles (EVs) and self-driving technology at the forefront. As automakers ramp up investments in these cutting-edge innovations, government support remains a critical factor. During the Trump administration, the industry made a concerted effort to preserve federal EV tax credits and advocate for policies that […]
General Motors (GM) will pay a $146 million fine to the federal government after it was discovered that 5.9 million of its older vehicles do not meet emissions and fuel economy standards. The fine stems from the National Highway Traffic Safety Administration’s finding that certain GM vehicles from the 2012 to 2018 model years failed […]
As the future of transportation increasingly leans toward automation, the Trump administration is taking a significant step to accelerate the adoption of self-driving vehicles. The former president’s team has expressed a renewed push to ease U.S. regulations surrounding autonomous vehicles (AVs), aiming to foster innovation in the sector and potentially solidify America’s leadership in emerging […]
In a strategic move reflecting both opportunity and caution, Hyundai Motor Company has promoted its U.S. chief to the role of co-CEO. This leadership shift comes as the automaker prepares for potential policy changes and economic challenges that could arise under a new Trump administration, signaling the company’s commitment to bolstering its position in a […]
In a significant development for the electric vehicle (EV) and battery industries, China’s largest battery manufacturer, Contemporary Amperex Technology Co. Ltd. (CATL), has unveiled plans to build a manufacturing plant in the United States—contingent upon the approval of former President Donald Trump. This move underscores the growing importance of the U.S. market in the global […]
