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As global fuel markets reel from the Middle East war, motorists in Nepal are increasingly turning to electric vehicles, with high demand putting a strain on dealerships.
The European Union and United States signed an agreement Friday to coordinate on the supply of critical minerals needed for key industries including defense, as China's dominance becomes a growing concern.
Thousands squeezed into the world's biggest car show Friday, snapping selfies beside Chinese electric vehicles as automakers showcased AI, humanoid robots and flying-car ambitions in a cut-throat market.
Sales of new cars jumped last month in the European Union as consumers turned to electric vehicles as petrol prices soared due to the war in the Middle East, data showed Thursday.
The world's biggest auto show opens in Beijing on Friday, as Chinese manufacturers solidify their status as industry innovators and foreign brands face ferocious competition in the country's giant car market.
Painful surges in oil prices are spurring countries to quickly rethink how to reduce dependence on fossil fuels, as shortage risks from war in the Middle East grow greater by the day.
Electric vehicle sales have jumped in Southeast Asia as cost-conscious buyers have poured into dealerships looking to dodge the fuel price spikes driven by the Middle East war.
Carmakers reported mixed first-quarter US sales Wednesday pointing to a hit from winter storms, as the Middle East war clouds the industry's outlook compared with unusually favorable dynamics a year ago.
Carmakers are expected to report lower first-quarter US sales as the Middle East war clouds the industry's outlook compared with unusually favorable dynamics a year ago.