Electric Vehicles (EVs) are automobiles that are powered entirely or partially by electricity instead of traditional internal combustion engines that rely on gasoline or diesel. EVs utilize electric motors and are equipped with batteries to store electrical energy, which can be recharged from an external power source. There are various types of electric vehicles, including battery electric vehicles (BEVs), which operate solely on electricity, and plug-in hybrid electric vehicles (PHEVs), which combine a conventional engine with an electric propulsion system. Electric vehicles are noted for producing zero tailpipe emissions, making them a more environmentally friendly alternative to conventional vehicles. Their adoption is motivated by efforts to reduce greenhouse gas emissions, lessen dependence on fossil fuels, and promote sustainable transportation solutions.
Rivian faces a notable disparity between vehicle production and sales, with nearly 6,000 units unsold at the start of 2025. In the first quarter, Rivian produced 14,611 vehicles but delivered only 8,640, marking a 36% decline in year-over-year deliveries. The imbalance signals a need to bridge the gap between manufacturing capabilities and market demand. Rivian … Read more
European Union Reduces Tesla Tariffs: EU has slashed import tariffs on Tesla vehicles manufactured in China, presenting a boon for the electric vehicle market. Changes in Dairy Sector: Meanwhile, the EU and China engage in a trade dispute over dairy subsidies, as China launches an investigation into EU dairy exports. New Tariff Agreements: The revised … Read more