Energy Infrastructure Partners, the Swiss investment company, earlier this year completed a deal to buy 10 per cent of Plenitude at an enterprise value of more than €10bn. Eni also sold 30 per cent of its biofuels and fuel retailing business Enilive to KKR at a post-money equity valuation of €11.75bn.

Slate Auto says more than 100,000 people have paid $50 to reserve one of the company's low-frills, ultracustomizable electric trucks.

China's Xiaomi is seeing a slump in new orders for its SU7 electric sedan, analysts said on Wednesday, as the company and its charismatic CEO grapple with a growing consumer backlash that now threatens its runaway sales success.

According to a new analysis by the International Energy Agency (IEA), EV sales will account for one-quarter of the new cars sold worldwide by the end of 2025. The IEA says electric car sales will surpass 20 million units. That would mark a significant increase over 2024 when customers purchased 17 million EVs.

The new batteries and packs utilize more-prevalent, less-expensive minerals and are lighter and more cost-effective.

GM says it has developed cells that will make batteries cheaper and more energy dense. The automaker aims to be the first to bring them to market.

Honda has assured Canada that no jobs will be lost and it is committed to major electric vehicle investments in the country, Industry Minister Melanie Joly said on Wednesday, in the wake of the Japanese carmaker announcing it would put on hold a plan to build an EV supply chain in Canada.

EV adoption is surging, and vehicle manufacturers are breaking new ground every day. But there’s a huge, aging elephant in the room: the U.S. electrical grid. Most people don’t realize that over 70% of the country’s power infrastructure is more than 25 years old.

Discover how top automakers are planning their EV goals, model launches, and sustainability targets through 2030.

Cupra has made an impression in the crowded European market since Volkswagen’s Seat brand launched it in 2018.

MG launches its second small electric SUV, which builds on to the ZS EV it replaces with a new platform and a larger size. Is it a force to be reckoned with?