The Swedish automaker will produce a hybrid model in the state, an effort to meet demand for gas-powered cars and to avoid steep tariffs on imported vehicles.
Category: Volvo Car Corp
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Volkswagen Hit Hard by Trump’s Tariffs
The German automaker said that the U.S. import duties erased about $1.5 billion from its profit in the first half of the year.
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Car Prices Expected to Rise as Tariffs on Parts Kick In
Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.
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Chinese Automakers’ Answer to E.U. Tariffs: Build in Europe
BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.
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Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood
Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
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Volkswagen Sees Electric Vehicles as a Way to Grow in the U.S.
It and other foreign automakers are trying to exploit upheaval caused by new technology to gain market share from their dominant rivals.
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Volkswagen Sees Electric Vehicles as a Way to Grow in the U.S.
It and other foreign automakers are trying to exploit upheaval caused by new technology to gain market share from their dominant rivals.
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In Norway, the Electric Vehicle Future Has Already Arrived
About 80 percent of new cars sold in Norway are battery-powered. As a result, the air is cleaner, the streets are quieter and the grid hasn’t collapsed. But problems with unreliable chargers persist.
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Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
Buying an electric car has become much more complicated because of restrictions on which models qualify for a federal tax credit of up to $7,500.