Jaguar LandRover GroupManager Install (Image: Rolec)

UK’s automotive industry, out of the world’s top 15, takes another hit as Jaguar Land Rover looks to Slovakia for electric vehicle batteries

  Jaguar Land Rover is in talks with Northvolt and SVolt Energy Technology about supplying batteries for a range of EVs it may assemble in Slovakia Unless battery investment picks up, carmakers may only accelerate their exodus from what was once the world’s second-biggest auto manufacturing base Almost a decade after playing home to Europe’s

EVs are avoiding about 3% of global oil demand—a fifth of Russia’s total exports

Russia’s ongoing invasion of Ukraine has triggered international sanctions throttling the country’s oil exports, leading to fears of even higher gas prices. But electric vehicle adoption has been helping make the situation less grim. Plug-in vehicles avoided roughly 1.5 million barrels of oil per day last year, according to new analysis from Bloomberg New Energy Finance.