In China, where half of new cars are electric vehicles or hybrids, a vast population still depends on gas. The government stepped in on Monday to “mitigate” the pain of surging costs.
Beijing’s decades-long push to reduce its dependence on foreign oil with huge investments in clean energy sources like electric vehicles is now paying off.
Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
General Motors, Ford and other established automakers risk becoming relics if they don’t catch up to Chinese carmakers and technology companies in electric vehicles and self-driving cars.
Investors are selling shares of Chinese E.V. companies, concerned that intensifying competition and shorter production cycles mean the years of easy growth are over.
The world’s biggest automaker has navigated the industry’s turbulent E.V. transition, but is looking to new leadership to manage intensifying geopolitical challenges.
Even as American automakers have scaled back their ambitions for electric vehicles, some are pivoting to a technology that could help boost renewable energy.
U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.