Rolls-Royce has received the highest number of preorders in the fast-growing and important Korean market in the region.
According to a Reuters analysis, GM will continue to produce internal combustion vehicles for at least another 10 to 12 years.
Here are the top 5 electric cars in Singapore automobile market that are helping the country to move towards sustainable mobility.
The EV tax credits were mandated by the US Congress last year as part of the Inflation Reduction Act. The aims to cut dependency on China for batteries.
China continued to drive the EV market, even as the government continued to promote electric vehicles in the backdrop of high oil prices.
Tesla founder Elon Musk had ruled out setting up a manufacturing plant in India as New Delhi has not given green light to selling Tesla's China manufactured cars in the country.
The Tesla owners claim that the automaker's software updates violate consumer rights provisions in the Computer Fraud and Abuse Act.
VinFast, which began operations in 2019, is gearing up to expand in the U.S. market, where it hopes to build a car and battery plant to compete with legacy automakers.
The EV market share in China is projected to increase to more than 40 percent this year despite a downturn in the global auto industry.
Tesla's first quarter revenue was $23.33 billion, which was slightly below the Wall Street estimate of $23.35 billion.
The Cruise self-driving software failed to accurately predict the movement of the bus and struck its back.
Tesla last December started to deliver its Semi electric trucks with a longer, 500-mile driving range per charge and which use nickel-based batteries.
The huge demand for the Model 3 and Model Y SUV helped the EV maker report impressive sales numbers in the US and abroad in the first quarter.
Last week, a Tesla Investor Day presentation had teased the arrival of cheaper Tesla cars.
Tesla chief financial officer Zach Kirkhorn said the plan is to invest a whopping $175 billion in order to increase car output to 20 million vehicles annually by 2030.