Betting on death of petrol cars, Volvo to go all electric by 2030 | The Express Tribune

LONDON: Volvo’s entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by … Read More

China’s Huawei plans to make electric vehicles | The Express Tribune

HONG KONG: China’s Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world’s largest telecommunications equipment maker, … Read More

Tesla’s Musk says US factory closed for two days due to parts shortages | The Express Tribune

Tesla Chief Executive Officer Elon Musk said the electric vehicle company’s Fremont, California plant shut down for two days this week due to “parts shortages” and had reopened on Wednesday. … Read More

India plans to ban all private cryptocurrencies | The Express Tribune

MUMBAI: The Reserve Bank of India (RBI) has “major concerns” about cryptocurrencies, Governor Shaktikanta Das said on Wednesday, flagging potential risks to financial stability. Das said he had communicated his … Read More

Investors jolted by sinking Bitcoin, Tesla and other market favorites | The Express Tribune

LONDON/NEW YORK: Bitcoin, shares of Tesla, and a high-flying exchange-traded fund (ETF) fell on Tuesday, retreating from recent rallies in a volatile session that gave investors a gut check. It … Read More

Elon Musk no longer world’s richest person as Tesla shares fall

Elon Musk, the maverick boss of Tesla, is no longer the world’s richest person after shares in the electric car company dropped 8.6% on Monday, wiping $15.2bn (£10.8bn) off his … Read More

Tesla rival Lucid Motors to go public in $24-billion mega SPAC deal | The Express Tribune

Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at … Read More

Hyundai Motor launches Ioniq 5 electric crossover, expects EV demand jump | The Express Tribune

South Korean automaker Hyundai Motor Co launched its Ioniq 5 midsize crossover on Tuesday, the first in a planned family of electric vehicles (EV) that it hopes will propel it … Read More

Moscow goes green: Russian capital eyes fully electric bus fleet by 2030 | The Express Tribune

MOSCOW: Moscow plans to nearly quadruple the number of electric buses it operates in coming years and replaces all petrol or diesel-powered public transport vehicles with greener alternatives by 2030, … Read More

Carmakers wake up to new pecking order as chip crunch intensifies | The Express Tribune

BERLIN: The semiconductor crunch that has battered the auto sector leaves carmakers with a stark choice: pay up, stock up, or risk getting stuck on the sidelines as chipmakers focus … Read More

Kremlin calls Musk’s idea for Putin to join Clubhouse app interesting | The Express Tribune

An invitation from Tesla boss Elon Musk for Russian President Vladimir Putin to join him for a chat on a social networking app? “Very interesting,” the Kremlin said on Monday. … Read More