Indonesia lowers VAT on electric vehicles to 1%
By Fransiska Nangoy JAKARTA (Reuters) – Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry…
Musk, experts urge pause on training of AI systems that can outperform GPT-4
Βy Jyoti Narayan and Krystal Hu (Reuters) – Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in training of systems…
Singapore push for all-EV future faces a love of crazy, rich combustion
By Xinghui Kok SINGAPORE (Reuters) – Singaporean chip designer Eu Gene Goh is an electric-vehicle evangelist with two Teslas in the garage. But the car-tech enthusiast is also not ready…
Chinese EV comptition hots up as BYD offers discounts
By Zhang Yan, Meg Shen and Ethan Wang BEIJING (Reuters) – China’s BYD Co, the world’s leading seller of battery electric vehicles (BEVs) and plug-in hybrids, on Thursday announced discounts…
With payment for verified profiles on Facebook and Instagram
After Twitter, Meta is also launching a subscription to verify Facebook and Instagram accounts. While access to the platforms remains free, the era of free social networks is thus coming to…
EV startups from Lucid to Rivian see demand fade, supply chain issues linger
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – U.S. electric vehicle (EV) startups are seeing an unsettling trend, with demand evaporating as potential customers look for deals or…
Elon Musk recruits team to develop OpenAI’s ChatGPT rival
By Yana Gaur in Bengaluru (Reuters) – Elon Musk has approached AI researchers in recent weeks about forming a new research lab to develop an alternative to OpenAI’s ChatGPT, the…
Nissan raises global EV targets; to increase U.S. localisation
By Rocky Swift TOKYO (Reuters) – Nissan Motor Co Ltd on Monday raised its electrified car sales goals and said it will increase power train production in the United States,…
Elon Musk’s challenge: Stay ahead of the competition
By Joseph White and Paul Lienert DETROIT (Reuters) – Elon Musk will confront a critical challenge during Tesla’s Investor Day on March 1: Convincing investors that even though rivals are…
Chips, EVs power Biden’s big bet on America’s industrial policy
By Timothy Aeppel NEW PHILADELPHIA, Ohio (Reuters) – A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A…