The auto insurance industry has weathered its share of storms in recent years. Despite fewer claims in early 2024, carriers still face headwinds when it comes to vehicle complexity and its effect on severity and cycle time. Following are the …
The U.S. Environmental Protection Agency said on Wednesday it has approved California’s landmark plan to end the sale of gasoline-only vehicles by 2035. The decision in the final weeks of President Joe Biden’s administration sets up a fight over the …
The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety …
The European Parliament’s biggest political group is mounting a campaign to weaken the EU’s main policies for cutting CO2 emissions from cars, a draft position paper seen by Reuters showed. The demands from the center-right European People’s Party (EPP), due …
Electric vehicles are quickly becoming a mainstay in the automotive industry. However, as their adoption grows, so too does the scrutiny around the cost of insuring them. While EVs bring advantages in environmental impact and efficiency, they present unique challenges …
Electric vehicles and plug-in hybrids are seeing concerns over their reliability easing but they still lag gas-powered vehicles, a survey by an influential U.S. non-profit organization showed on Thursday. EVs now have 42% more problems than their gas-powered counterparts, down …
California Gov. Gavin Newsom is promising to step in with a state electric-car tax credit if US President-elect Donald Trump repeals a federal subsidy after he takes office next year. Newsom, a prominent Democrat and frequent critic of Republican politics, …
President-elect Donald Trump’s incoming administration is looking to slash fuel-efficiency requirements for new cars and light trucks as part of plans to unwind Biden policies he’s blasted as an “EV mandate,” according to people familiar with the matter. Trump advisers …
Toyota Motor Corp.’s North American chief operating officer criticized the U.S.’s policies promoting speedy adoption of electric vehicles, calling them “de facto mandates” out of sync with consumer demand. Noting government support for EVs has been a hotly debated issue …
Around five years ago, grid-scale lithium-ion batteries exploded onto the scene—some literally. First, insurers faced the same questions as grid operators: How do you define a battery? Is it power generation? Is it grid equipment? The answer had practical implications …