Tag Archive : EVs

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The auto industry has had a rough go of it over the past few years. After a mini-recession resulting from the U.S.-China trade war sent auto sales down 1.4% last year, the COVID-19 pandemic put a big dent in sales this year as people quarantined and couldn’t get to dealerships.

Yet as people continue to avoid public transportation or ride-hailing companies, Americans appear to be turning to owning their own cars again, either used or new. After April auto sales were basically cut in half from pre-COVID February levels, auto sales have experienced a bounceback and have nearly recovered back to pre-COVID levels as of August.

Nevertheless, many automakers still face significant challenges, especially as the world turns to electric vehicles at an accelerating pace. That’s why the best way to play a recovery in autos may not be the automakers themselves, but rather these high-tech suppliers.

A car viewed from directly above, with automated safety andbraking system animations around it.

Image source: Getty

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a car parked on the side of a road: Pictured: A Polestar 2 driving in the US. Polestar


© Polestar
Pictured: A Polestar 2 driving in the US. Polestar

  • Geely, the parent company behind Polestar and Volvo, recalled about 2,200 Polestar 2s over a software defect, Reuters reported via Swedish financial paper Dagens Industri.
  • The defect can cause the cars to lose power and stop running, even while they are driving.
  • The recall only affects Polestar 2s in China and certain parts of Europe. Cars in the US and Canada are not affected.
  • Visit Business Insider’s homepage for more stories.

The brand-new, Tesla-challenging¬†Polestar 2 EV just got hit with a major recall. Don’t worry if you’re in North America, though. The recall is only for cars in China and certain parts of Europe.

Geely, the parent company of Polestar and Volvo, recalled about 2,200 2s over a software defect, Reuters reported on Saturday, citing Swedish financial outlet Dagens Industri. The defect caused “several cars” to lose

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If the actions of global automakers are anything to go by, the internal combustion engine, which powered automobiles for over a century, could become obsolete within a few decades. But the shift to electric vehicles (EV), slow to materialize at first, is now accelerating on a global scale due to more stringent government emissions regulations, falling costs, an increasingly positive public attitude towards a growing number of EV choices and a societal reckoning about climate change.

California said this week it plans to phase out sales of conventional new gasoline-powered cars by 2035 in favor of zero-emission vehicles that run on electricity. Governor Gavin Newsom’s executive order no doubt faces a

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