Report: EVs are slowing the pace of growth in gasoline demand

Fuel gaugeGrowing EV sales in both the U.S. and China could contribute to a halving in gasoline demand in 2024, says the consultancy Wood Mackenzie. Demand is likely to rise 340,000 barrels per day (bpd) to 26.5 million bpd for the year, but that's the slowest growth since 2020, and down from a growth rate of 700,000 bpd last year, according to the report...

Tiny Eli Zero urban EV priced at $11,990, goes up to 90 miles—slowly

Eli ZeroEli Electric Vehicles on Tuesday opened U.S. reservations for its Eli Zero, a tiny urban EV with a starting price of $11,900. Launched with help from crowdfunding, the Zero was first shown in 2017 and began shipping to European dealers in 2021. At the time, Eli said it was targeting a 2022 launch for the U.S. That date has slipped significantly...

Kia confirms EV3 for May 23 reveal, arrival in late 2024

Kia EV3 teaser for production-bound EVKia on Tuesday confirmed that its compact EV3 electric SUV will go on sale later this year. The production-bound EV3 is due to make its debut on May 23 and will in its shift from a concept vehicle to a production-bound one arrive “comprehensively equipped,” according to Kia, while also offering “outstanding performance through...

Survey: Local governments see EV charging as costly, lower-priority

Rivian Waypoints chargers at Holland State Park, MI - Photo by Diane Dawson Wilks, c/o Michigan DNRMore local governments across Michigan see EV charging as a relevant issue, but the number is still fairly low, according to a new University of Michigan survey, and those interested in EV charging see cost as a barrier. While the survey is Michigan-specific, it's the traditional hub of the auto industry and probably represents a greater awareness...

Fuel-cell Ram HD pickup included in Stellantis hydrogen rollout

2025 Ram 1500 TungstenStellantis will produce a hydrogen fuel-cell Ram commercial truck, the head of the automaker's fuel-cell program said in a recent interview with German publication Welt am Sonntag (via Electrive). Following the start of at-scale production of fuel-cell vehicles in Poland later this year, Stellantis plans to start building a fuel-cell version of...

BMW begins EV battery buildout ahead of next-gen Neue Klasse EVs

EV-related expansion at BMW Group Plant San Luis Potosí in MexicoBMW has begun production of a battery-assembly facility at its San Luis Potosí, Mexico, plant in anticipation of production of its next-generation Neue Klasse EVs. In addition to the battery facility, BMW said in a press release that it is also expanding the body shop and making other upgrades to the site, with a total investment of 800...