Electric vehicle startups that promised to disrupt the automotive industry by using a software- and technology-heavy approach are now scrambling to cut costs amid the type of industry slowdown that has bedeviled Detroit automakers over the years.
To remain a player in an increasingly competitive business as incumbent automakers introduce their own EVs, startups like Rivian Automotive Inc. and Arrival SA will need to tighten their belts and in some cases reinvent themselves, industry officials and analysts said.
France is resisting the European Union effectively phasing out combustion-engine car sales by 2035, advocating for a more lenient target for the end of the decade and a longer leash for plug-in hybrid models.
The French government backs a target to reduce emissions from cars 55 percent by 2030 from 2021 levels and for hybrids to remain on the market for longer, an official in President Emmanuel Macron’s office said.
The government has drawn a line in the sand. By 2030, you will no longer be able to buy a new car that is powered solely by petrol or diesel. Hybrids can still be sold, but they will have to be capable of travelling a substantial distance on electric power alone. By 2035 even those PHEVs will be outlawed.
September 9th 2021 marked World Electric Vehicle (EV) Day, when business and policy leaders and EV enthusiasts from around the world took part in digital campaigns to raise awareness on e-mobility and promote EVs as a central part of sustainable transport.
