Elon Musk: I’m against tax incentives for EVs

Elon Musk: I’m against tax incentives for EVs

Tesla founder Elon Musk told tech investors in Paris on Thursday he opposed U.S. tariffs on Chinese electric vehicles (EVs), an about-face from his January warning that trade barriers were needed or China would “demolish most other car companies in the world.” On Thursday, Musk said he did not favour measures that distorted the market. … Read more

Hertz will sell electric cars after being burned by Tesla’s price cuts

Hertz will sell electric cars after being burned by Tesla’s price cuts

The rental car company Hertz will be selling about one-third of the electric vehicles in its fleet after they lost value more quickly than expected, the company said Thursday. The drop in value is a blow to the company’s efforts to replace gasoline vehicles with cars that do not produce tailpipe emissions. The electric vehicles … Read more