Auto Industry News

The grants, which are going to projects across at least 12 states, mark the latest push by the Biden administration to help reduce the country's dependence on China and other nations for the building blocks of the green energy revolution.

The Inflation Reduction Act, as currently written, requires automakers to have 50% of critical minerals used in EV batteries come from North America or U.S. allies by 2024, rising to 80% by the end of 2026.

Honda Motorcycle and Scooter India confirms that it will launch a motorcycle with flex-fuel engine.

Decades-high inflation, rising energy bills in Europe and signs of a weakening China market have raised doubts among some analysts about whether Tesla can buck an economic slowdown and continue to raise prices without hurting its sales.

The Delhi Metro Rail Corporation (DMRC) and Sun Mobility flagged off a fleet of electric autos with swappable batteries for last mile connectivity in Dwarka, Delhi.

Brent crude futures settled down 1.7%, to $90.03 per barrel, while U.S. West Texas Intermediate (WTI) crude settled down 3.1%, to $82.82 per barrel on Tuesday

As per federal data, Tesla topped registrations of battery-electric vehicles in Germany in the first nine months of this year at nearly 38,500 beating the Volkswagen brand by around 6,000 vehicles.

The automaker has already announced two joint-venture battery plants - one in Indiana and the other in Canada.