compact-sedan

Tesla asked Canada to reduce tariffs on its EVs made in China, Reuters source says

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Tesla asked Canada to reduce tariffs on its EVs made in China, Reuters source says

Before Canada said this week it was imposing a 100 per cent duty on Chinese-made electric vehicles, Tesla approached Ottawa and asked for a lower tariff on its autos, a Canadian government source told Reuters on Wednesday. Canada, following the lead of the United States, said on Monday it was setting the tariff for all … Read more

Car rental giant Hertz dumps EVs in U.S. in favour of gasoline engines

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Car rental giant Hertz dumps EVs in U.S. in favour of gasoline engines

Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Shares of the rental company, which also operates vehicles from Swedish EV maker Polestar among others, fell about four per cent. Tesla’s stock was down about … Read more