Electric and Hybrid Vehicles

Subterms

    Latest story

    113 Shares16 Views

    Trump’s Tariffs Turn Porsche’s Headwinds Into a ‘Violent Storm’

    by

    The storied sports car maker, which was facing challenges from China and slumping demand for electric cars, now has to grapple with tariffs from the Trump administration.This year was already shaping up to be a tough one for Porsche. Chinese customers were losing interest in the luxury sports car, its bet on electric vehicles was failing with drivers long enamored by the rumble of its combustion engines and its stock price hovered near record lows.Then President Trump imposed a 25 percent tariff on all cars imported to the United States starting in April. Last week, he doubled down on that, threatening a 50 percent tariff for all products from the European Union, sending Porsche’s shares tumbling further and E.U. leaders and auto executives scrambling to make a deal.All of Europe’s leading carmakers have been hit by the tariff turbulence, at a time when they are already facing increasing competition from Chinese automakers. But unlike BMW, Mercedes-Benz and Volkswagen, Porsche manufactures its vehicles exclusively in Germany, leaving it more vulnerable to the combined threat of advancements from China’s rivals and tariff increases in the United States.“It is literally a perfect storm,” said Harald Hendrikse, a managing director covering the European auto sector at Citi Research. “You have a triple threat, which is China, an E.V. strategy that was wrong — despite being lauded at the time — and then Trump’s tariffs, which nobody had guessed would be as severe as they are.”That has led Porsche to scale back its forecast for the year, by about 2 billion euros, or $2.2 billion. Its profit margin range is also expected to drop between 6.5 percent and 8.5 percent, from 10 percent to 12 percent.“Our market in China has literally collapsed,” Porsche’s chief executive, Oliver Blume, told shareholders at the company’s annual conference on May 21. “U.S. import tariffs are weighing on our business.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    More stories

    • 163 Shares32 Views

      in Elections

      Republican Vote Against E.V. Mandate Felt Like an Attack on California, Democrats Say

      by

      For decades, California has been able to adopt its own emissions regulations, effectively setting the bar for carmakers nationally. And for just as long, Republicans have resented the state’s outsize influence.There is little question that California leaders already see fossil fuels as a relic of the past.At the Southern California headquarters of the state’s powerful clean-air regulator, the centerpiece art installation depicts in limestone a petrified gas station. Fuel nozzles lie on the ground in decay, evoking an imagined extinction of gas pumps.For more than half a century, the federal government has allowed California to set its own stringent pollution limits, a practice that has resulted in more efficient vehicles and the nation’s most aggressive push toward electric cars. Many Democratic-led states have adopted California’s standards, prompting automakers to move their national fleets in the same direction.With that unusual power, however, has come resentment from Republican states where the fossil fuel industry still undergirds their present and future. When Republicans in Congress last week revoked the state’s authority to set three of its mandates on electric vehicles and trucks, they saw it not just as a policy reversal but also as a statement that liberal California should be put in its place.“We’ve created a superstate system where California has more rights than other states,” Representative Morgan Griffith, who represents rural southwestern Virginia, said in an interview. “My constituents think most folks in California are out of touch with reality. You see this stuff coming out of California and say, ‘What?’”Federal law typically pre-empts state law under the Supremacy Clause of the Constitution. But in 1967, the federal government allowed smoggy California to receive waivers from the Environmental Protection Agency to enact its own clean-air standards that were tougher than federal limits, because the state historically had some of the most polluted air in the nation. Federal law also allows other states to adopt California’s standards as their own under certain circumstances.Gov. Gavin Newsom of California said last week that the state would fight in court to preserve its autonomy in setting emissions rules.Rich Pedroncelli/Associated PressWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 100 Shares71 Views

      in Elections

      Senate Republicans Kill California’s Ban on Gas-Powered Cars

      by

      In 50 years, California’s authority to set environmental rules that are tougher than national standards had never been challenged by Congress. Until now.The Senate on Thursday blocked California’s landmark plan to phase out the sale of new gasoline-powered vehicles, setting up a legal battle that could shape the electric car market in the United States.The 51-44 vote was a victory for the oil and gas industry and for Republicans who muscled through the vote by deploying an unusual legislative tactic that Democrats denounced as a “nuclear” option that would affect the way the Senate operates way beyond climate policy.The repeal deals a blow to California’s ambition of accelerating the nation’s transition to electric vehicles. But the consequences will ripple across the country. That’s because 11 other states intended to follow California’s plan and stop selling new gas-powered cars by 2035. Together, they account for about 40 percent of the U.S. auto market.The resolution, which had already been approved by the House, now goes to President Trump’s desk. Mr. Trump, who opposes clean energy and has taken particular umbrage at California’s efforts to reduce the use of fossil fuels, is expected to sign it into law.California leaders have promised to challenge the Senate vote and try to restore the ban.“This Senate vote is illegal,” said California Gov. Gavin Newsom, Democrat of California. “Republicans went around their own parliamentarian to defy decades of precedent. We won’t stand by as Trump Republicans make America smoggy again — undoing work that goes back to the days of Richard Nixon and Ronald Reagan — all while ceding our economic future to China.“California’s auto policy was allowed under permission granted by the Biden administration. The 1970 Clean Air Act specifies that California can receive waivers from the Environmental Protection Agency to enact clean air standards that are tougher than federal limits because the state has historically had the most polluted air in the nation. Federal law also allows other states to adopt California’s standards under certain circumstances.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 125 Shares73 Views

      in Elections

      Tariffs Push Honda to Move Production From Canada to U.S.

      by

      President Trump’s trade war again tests Canada’s new government. Honda is also canceling plans for a major electric vehicle factory in Canada.In the face of U.S. tariffs, Honda said on Monday that it would shift production of one of its popular vehicles from Ontario to a U.S. factory and postpone an $11 billion plan to make electric vehicles and batteries in Canada.The announcement came less than a month after Honda denied a report in the Japanese media that President Trump’s tariffs would force it to pull back in Canada.It also poses a major challenge for Prime Minister Mark Carney of Canada, who won a stunning victory in last month’s election after portraying himself as the leader best suited for dealing with President Trump and the trade war between the two countries.The United States has imposed a 25 percent tariff on many Canadian autos and auto parts.Honda’s chief executive, Toshiro Mibe, said in a news conference in Japan that the decision to move the manufacturing of the CR-V sport utility vehicle to the United States was part of the company’s plans to “optimize” production to reduce the effects of tariffs.He blamed sluggish growth of the electric vehicle market for the decision to hold off on an $11 billion expansion of the Ontario factory complex, which would have added battery and electric vehicle production.The expansion, which was backed by substantial financial incentives from the governments of Canada and Ontario, was characterized last year by Justin Trudeau, the prime minister at the time, as the largest investment by an automaker in Canadian history. It was projected to employ 1,000 people and was the signature piece of a series of government-backed moves to shift Canada’s auto industry toward electric vehicles.The effect of the CR-V production move was not immediately known. But, like all auto assembly lines in Canada, the majority of the CR-Vs made in Canada are shipped to the United States.Honda Canada did not immediately respond to a request for comment. It currently employs about 4,200 people at its plant in Alliston, Ontario, which also builds Civic sedans as well as engines.Mr. Carney’s office did not immediately respond to a request for comment on Honda’s decisions. He is set to swear in his new cabinet Tuesday.The announcement by Honda is the latest in a series of moves by the auto industry to pull back plans for expansion in Canada after the imposition of tariffs by the United States.Stellantis suspended the conversion of a factory in a Toronto suburb to make electric and gasoline powered Jeeps. It has shut down its plant in Windsor, Ontario, which makes minivans and Dodge muscle cars, for a total of three weeks and is also reducing its production schedule during the coming weeks.General Motors’ Canadian subsidiary suspended production of an electric commercial van in Ontario. Ford’s lone Canadian assembly plant, in Oakville, Ontario, has been idle for nearly a year after the company abandoned plans to make electric vehicles there. Instead, the plant will eventually start making gasoline-powered pickup trucks. More

    • 88 Shares119 Views

      in Elections

      Elon Musk Leaves Washington Less Than Legendary

      by

      The partnership between the president and the richest man in the world is coming to an end. There is one clear loser in the breakup of this affair, and it is Elon Musk.He fell from grace as effortlessly as he had risen. Like a dime-store Icarus, he took too many chances, never understood the risks and flew too close to the sun. Wrapped in the halo of his social-media superstardom, he was blinded to the reality of his circumstances until it was too late.Mr. Musk has already inked several lucrative federal contracts and could get far more, but he leaves Washington with his reputation as a genius jack-of-all-trades — a reputation he relied on to boost his company’s stock prices and win investors for his ambitious adventures — severely damaged. Once likened to the Marvel superhero Tony Stark, he is becoming increasingly unpopular. Many formerly proud owners of his Tesla electric cars are trading them in or pasting apologies on their bumpers. Sales have plummeted.Mr. Musk is hardly the first wealthy businessman to decamp to Washington: The Gilded Age millionaires, top hats in hand, focused on currying favor with the Senate, where laws were made and tariffs determined. With the collapse of the economy, the New Deal and the coming of a world war, the White House began to play a significantly larger role in directing the economy, and the businessmen paid it more attention. Dozens of them descended on the capital; others joined the cabinet. No matter when or in what position they served, however, they played by Washington’s rules, taking on well-defined, limited responsibilities and, for the most part, staying out of public view.Mr. Musk broke with that tradition. Nobody was going to shut him up or rein him in. He was in the White House with his 4-year old son on his shoulders, on the stage of a Conservative Political Action Conference rally, promoting his cost-cutting crusade by waving a chain saw. He and his Department of Government Efficiency deputies spread chaos through Washington, locking staffers out of computer systems, gaining access to personal data on private citizens and identifying government employees they deemed expendable.At first, President Trump appeared to endorse every cost-cutting move by his unorthodox adviser, declaring on social media that he and his cabinet were “EXTREMELY HAPPY WITH ELON.” But Mr. Musk then violated the cardinal rule of Trumpland by daring to criticize the president’s policies and appointees — not just once or twice, but with remarkable consistency.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 125 Shares174 Views

      in Elections

      Why Democrats Joined Republicans to Block a California Climate Policy

      by

      Some said they worried that California’s planned ban on gas-powered vehicles would raise the price of cars. Another cited “intense and misleading lobbying” by the oil industry.Representative Lou Correa, a Democrat who represents parts of Orange County, Calif., drives a hybrid car and wants the federal government to tackle climate change.But he joined 34 other Democrats last week to help Republicans repeal his state’s landmark requirement that all new vehicles sold in California be electric or otherwise nonpolluting by 2035. In doing so, he helped President Trump and the Republican majority to undercut the nation’s transition away from gasoline-powered cars.“I don’t like giving Trump a win,” Mr. Correa said in an interview after the vote. But electric vehicles remain expensive and impractical in his heavily blue-collar district, he said.“We just finished an election where every poll I’m seeing, everybody I talk to, says, ‘You guys need to listen to the working class, the middle class people,” Mr. Correa said. “I’m listening to my constituents who are saying ‘don’t kill us.’”The 246-to-164 vote in the House stunned environmentalists, who said they were struggling to understand why nearly three dozen Democrats voted to kill one of the most ambitious climate policies in the country. For the past few years, Democrats have overwhelmingly voted for stronger policies to tackle global warming.Some wonder whether that unity is starting to fray in the face of intense lobbying and worries about rising prices amid Mr. Trump’s trade wars.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 163 Shares118 Views

      in Elections

      House Votes to Block California Plan to Ban New Gas-Powered Cars in 2035

      by

      Republicans, joined by a handful of Democrats, voted to eliminate California’s electric vehicle policy, which had been adopted by 11 other states.The House on Thursday voted to bar California from imposing its landmark ban on the sale of new gasoline-powered vehicles by 2035, the first step in an effort by the Republican majority to stop a state policy designed to accelerate the transition to electric vehicles.The 246-to-164 vote came a day after Republicans, joined by a few Democrats, voted to block California from requiring dealers in the state to sell an increasing percentage of zero-emission, medium and heavy-duty trucks over time. And, lawmakers also voted on Wednesday to stop a state effort to reduce California’s levels of smog.All three policies were implemented under permissions granted to California by the Biden administration. They pose an extraordinary challenge to California’s longstanding authority under the 1970 Clean Air Act to set pollution standards that are more strict than federal limits.And the legality of the congressional action is in dispute. Two authorities, the Senate parliamentarian and the Government Accountability Office, have ruled that Congress cannot revoke the waivers.California leaders condemned the actions and promised a battle.Gov. Gavin Newsom, a Democrat, called the move “lawless” and an attack on states’ rights. “Trump Republicans are hellbent on making California smoggy again,” Governor Newsom said in a statement.“Clean air didn’t used to be political,” he said, adding, “The only thing that’s changed is that big polluters and the right-wing propaganda machine have succeeded in buying off the Republican Party.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 150 Shares199 Views

      in Elections

      Tesla’s Falling Profit May Pressure Elon Musk to Return to Day Job

      by

      The carmaker is expected to report a decline in quarterly earnings after Tesla’s brand suffered because of its chief executive’s role in the Trump administration.Tesla is expected to report on Tuesday that its profits fell in the first three months of the year, which could increase the pressure on Elon Musk, the automaker’s chief executive, to curtail his work for President Trump and spend more time managing the company.Wall Street analysts expect Tesla to say its net profit declined slightly from $1.1 billion in the first quarter of 2024.Tesla sales have been slumping because of intense competition from Chinese carmakers like BYD, a lack of new models and Mr. Musk’s support of far-right causes, which has turned away some liberals and centrists from buying Tesla vehicles.Tesla remains the most valuable automaker in the world as measured by its stock price, but its shares have lost about half their value since mid-December as investors have grown more pessimistic about the company’s prospects and concerned about Mr. Musk’s role in the Trump administration.Tesla has steadily lost market share to Chinese carmakers and more established automakers, like General Motors, Volkswagen and Hyundai, that have been offering a growing selection of electric vehicles.Mr. Musk’s company once hoped to sell 20 million vehicles a year by the end of the decade, twice as many as Toyota. But sales have been sliding after climbing to 1.8 million in 2023. Last year, the company sold 1.7 million cars, and its global sales fell 13 percent in the first quarter of 2025 from a year earlier.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 125 Shares149 Views

      in Elections

      Tesla U.S. Sales Plunge as G.M. and Others Make Gains

      by

      Tesla’s sales in the United States fell almost 9 percent in the first three months of the year even as the overall market for electric vehicles grew, according to data compiled by a research firm.Car buyers are moving away from Teslas and toward models like General Motors’ Chevrolet Equinox electric vehicle, which starts at around $35,000 and can travel more than 300 miles on a charge, Cox Automotive, the research firm, said in a report.Sales of all electric vehicles in the United States rose 11 percent during the first quarter to about 300,000 cars and light trucks, Cox said, much faster than the overall auto market, which has been flat. About 8 percent of new domestic car sales were electric, Cox said, a slight increase from 2024.“Despite many obstacles — and what you may read elsewhere — electric vehicle sales continue to grow at a healthy pace in the U.S. market,” the firm said.Tesla, whose chief executive is Elon Musk, still sells far more electric cars in the United States than any other automaker, accounting for 44 percent of the market, according to Cox. But its share has fallen from 51 percent a year earlier.The decline in Tesla’s U.S. sales mirror a global slump. The company said this month that deliveries during the quarter in all markets fell 13 percent to 337,000 vehicles.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More