EV News
EV News
The results were the latest in which Ford has seen profits from its conventional internal combustion engine and fleet businesses offset losses in electric vehicles. Photo: JULIEN DE ROSA / AFPSource: AFP Ford reported lower profits Monday and reduced its full-year earnings outlook as hefty one-time electric vehicle (EV) expenses weighed on results. The…
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By Salif Atojoko Gov. Uba Sani of Kaduna State says his government has reduced cost of governance to save money for provision of education, healthcare and infrastructure. The governor said this while addressing State House correspondents after a meeting with President Bola Tinubu on Friday. He said his government had to make serious adjustments…
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General Motors’ Cadillar Lyriq is built in Spring Hill, Tennessee in a plant that can produce either conventional or electrical vehicles, depending on demand. Photo: SCOTT OLSON / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/FileSource: AFP General Motors reported strong earnings Tuesday on robust pricing as the Detroit giant said it was hopeful about…
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…Warns against uncertified equipment …Experts urge private sector involvement to boost FG’s CNG initiative The Standards Organisation of Nigeria (SON) has attributed the recent explosion of a Compressed Natural Gas (CNG) vehicle during refuelling at a NIPCO filling station in Benin City, Edo State, to the use of a substandard CNG cylinder. The explosion,…
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Tesla, America’s foremost electric car manufacturer has quietly moved over $769 million worth of its BTC assets to several unknown wallets in a move sparking speculation in the crypto community. The transactions were picked up by Onchain tracker Arkham Intelligence which revealed that wallets linked to Tesla started making a series of transactions on…
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Deregulation of the petroleum downstream sector has commenced in earnest. JOSEPH INOKOTONG writes that Nigerians should remain patient and vigilant while anticipating positive outcomes such as increased infrastructure development and energy stability. In addition, commercial transporters who have received free FG CNG conversion kits through PCNGI must pass on these savings to their customers….
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The National Association of Nigerian Students, NANS has urged the federal government to channel its energy towards the development of CNG as an alternative to petrol. In a statement signed by NANS senate president, Afeez Akinteye, NANS noted that CNG will go a long way in reducing the heavy reliance on petrol, which has…
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By Moses Akaigwe The Kia EV9 has won the highly coveted Gold trophy at the 2024 International Design Excellence Awards (IDEA) presented by the International Designers Society of America (IDSA). The prize marks Kia’s first Gold IDEA accolade and a clean sweep of the three most important global design awards for the brand following…
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Nigeria’s government has exempted 63 items from Value-Added Tax (VAT) under the 2024 fiscal reforms, including electric vehicles, gas processing equipment, and biofuel components. This initiative, led by the Presidential Committee on Fiscal Policy, aims to reduce industry costs, promote cleaner energy, and boost the country’s economic recovery efforts. In a significant move towards…
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General Motors reported lower overall sales but the introduction of the Chevrolet Equinox EV helped boost electric auto sales. Photo: Geoff Robins / AFP/FileSource: AFP General Motors reported a dip in third-quarter US auto sales Tuesday, but pointed to growth in sales of electric vehicles and said retail pricing remained steady. The big Detroit…
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By Moses Akaigwe The production of the initial units of Innoson Electric Vehicles and the delivery of the first batch of the 100 CNG buses ordered just last month by the Federal Government are in fulfillment of the promise made to President Bola Tinubu and Nigerians by auto industry icon, Chief Innocent Chukwuma….
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The Enugu State Government says it is constructing a massive Compressed Natural Gas (CNG) mother station at the Ugwu Onyeama area of the state. The mother station would have the capacity to serve the entire South East zone. This was disclosed by the Commissioner for Transportation in the state, Dr. Obi Ozor, after a…
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