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Volkswagen aims to more than double deliveries of electric vehicles to 1 million this year

Citing tailwind, Volkswagen targets profit recovery

Volkswagen is confident that cost cuts will help it raise profit margins in the coming years, the world's second-largest carmaker said today, a day after outlining an ambitious electric mobility expansion.

Business • 16 Mar 21

Toyota was the most popular make of new private cars licensed in February, new CSO figures show

New car sales slow down by 12% in February - CSO

New figures from the Central Statistics Office show that the number of new private cars licensed in February fell by 12% compared to the same time last year.

Business • 08 Mar 21

Ford said it will invest $1 billion over the next 30 months to convert its assembly plant in Germany to become the US company's first electric vehicle facility in Europe

Ford's Europe car lineup to be all-electric by 2030

Ford said today that its car lineup in Europe will be all-electric by 2030, as the US car maker races to get ahead of CO2 emissions targets and looming bans in some countries on fossil fuel vehicles.

Business • 17 Feb 21

538,772 fully electric cars were sold in the European Union last year - up 117% from 2019

Electric vehicle sales surge in EU amid Covid slump

Demand for electric vehicles soared in the EU last year as buyers took advantage of government subsidies for clean cars aimed at helping manufacturers weather the unprecedented hit from the Covid-19 pandemic.

Business • 04 Feb 21

Tesla shares have roared over 700% higher during the last 12 months

Tesla underwhelms Wall St with hazy 2021 outlook

Tesla's fourth quarter profit fell short of Wall Street expectations last night and the company failed to provide a clear target for 2021 vehicle deliveries, sending shares down 5% in extended trade.

Business • 28 Jan 21

Japan's Nissan makes about 30,000 Leaf electric cars at its Sunderland factory

Nissan says to source more UK batteries

Nissan will source more batteries from Britain to avoid tariffs on electric cars after the UK's trade deal with the EU, which a senior executive told Reuters turned Brexit from a risk into an opportunity for its factory in England.

Business • 22 Jan 21

2020 new car sales slowed down by 25.6% - CSO

New car sales slow down by 25.6% in 2020 - CSO

The latest Central Statistics Office figures show that new car sales fell by 25.6% in 2020 compared with the previous year due to the very low numbers of sales during the peak of the Covid-19 crisis.

Business • 12 Jan 21

The number of new hybrid and electric cars licensed in the first 11 months of 2020 exceeds the number licensed for all of 2019 by 14.5%

New car sales slow down by 12.4% in November - CSO

The number of new cars licensed for the first time in November fell by 12.4% compared to the same time last year, new figures from the Central Statistics Office show.

Business • 09 Dec 20

The electric car maker has affirmed its target to deliver half a million vehicles by the end of this year

Tesla posts fifth quarterly profit in a row

Tesla last night reported its fifth consecutive quarterly profit on record revenue of $8.8 billion, boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other automakers.

Business • 22 Oct 20

The number of new cars licensed for the first time in September jumped by 40% to 5,747 from to 4,104 the same time last year.

New car sales accelerate by 40% in September - CSO

New figures from the Central Statistics Office show that the number of new cars licensed for the first time in September jumped by 40% to 5,747 from 4,104 the same time last year.

Business • 09 Oct 20

Sales of electric cars raced 477% higher in September, new SIMI figures show

New car registrations race 66% higher in September

The Society of the Irish Motor Industry has again called on the Government to reduce Vehicle Registration Tax (VRT) in this month's Budget.

Business • 01 Oct 20

Shares in the electric carmaker rose more than 6% in early trading.

Tesla to split stock as shares rise

Wall Street analysts have praised Tesla move to split its richly valued stock into smaller chunks, saying it had the potential to extend a 200% rally in its shares this year by making it easier for retail investors to hold the stock.

Business • 12 Aug 20

Ford has begun to increase the number electric cars it makes, including a version of its iconic Mustang

Ford announces new CEO as it plans bigger electric push

Ford has announced that Jim Hackett would resign as chief executive and be replaced by longtime auto executive Jim Farley, as the car giant pushes further into digital and electric investment.

Business • 04 Aug 20

Electric and hybrid vehicles accounted for 18.7% of new private cars licensed in the first six month of the year, new CSO figures show

New car sales down over 43% in June - CSO

New figures from the Central Statistics Office show a slight recovery in cars sales in June compared to April and May sales figures.

Business • 08 Jul 20

Volkswagen is upping its bet on the world's biggest auto market as international rivals seek to muscle in

VW pumps €2 billion into China electric vehicle bet

Volkswagen has agreed to invest €2.1 billion in two separate Chinese electric vehicle players, upping its bet on the world's biggest auto market as international rivals seek to muscle in.

Business • 29 May 20

Tesla reports third quarterly profit in a row

Tesla's outspoken chief executive Elon Musk has called sweeping US stay-at-home restrictions to curtail the coronavirus outbreak "fascist" as the electric carmaker posted its third quarterly profit in a row.

Business • 30 Apr 20

The Merdedes Benz owner is making the switch to electric cars

Daimler to cut 'thousands' of jobs by 2022

Luxury automaker Daimler today said it was scrapping "thousands" of jobs to help fund the switch to electric vehicles, in the latest layoffs to hit the stuttering German car industry.

Business • 29 Nov 19

The new charges for public electric vehicle charging will be more expensive than charging an electric car at home

Electric car drivers face new charges on ESB network

Electric car drivers will have to pay to use the ESB's public electric vehicle charging network for the first time from 18 November.

Environment • 23 Oct 19

Without a network of fast-charging stations offering quick refueling, drivers may be wary of using EVs for long trips

Can power napping solve e-car charging challenge?

Automakers around the world are pushing hard for new networks that can charge electric cars fast.

Business • 28 Aug 19

Motorists will be given a month's notice, said the ESB

ESB to announce cost for car charging 'next month'

The ESB has said an announcement is expected "sometime next month" in relation to the cost of using their public charging network for electric cars.

Ireland • 23 Aug 19

Jaguar Land Rover built 30% of Britain's 1.5 million cars last yea

Jaguar Land Rover to build electric cars in UK

Jaguar Land Rover is making a multi-million pound investment to build electric vehicles in Britain, in a major boost for the UK government and a sector hit by the slump in diesel sales and Brexit uncertainty.

Business • 05 Jul 19

ESB ecars will begin a €20m programme later in the year to expand and enhance the charging network

ESB says no decision on electric vehicle charging costs

The ESB has said no decisions have been made in relation how much it is likely to cost motorists to use their public charging network for electric cars in the future.

Ireland • 18 Jun 19

Volkswagen's chief executive Herbert Diess

Volkswagen accelerates electric car push

Volkswagen said it will launch almost 70 new electric models by 2028, accelerating its rollout of zero-emission cars.

Business • 12 Mar 19

The sales figures consolidate Norway's global lead in electric car sales per capita, part of an attempt by Western Europe's biggest producer of oil and gas to transform to a greener economy.

One third of cars sold in Norway were electric

Almost a third of new cars sold in Norway last year were pure electric, a new world record as the country strives to end sales of fossil-fueled vehicles by 2025.

Business • 03 Jan 19

BP has forecast a peak in demand for oil for the first time

BP sees electric vehicles crimping oil demand by 2040

The emergence of self-driving electric cars and travel sharing are set to dent oil consumption by 2040, oil and gas giant BP said, forecasting a peak in demand for the first time.

Business • 21 Feb 18

Electric Cars