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Growth in electric vehicle sales has been slowing, but the Italian luxury carmaker is stepping up investment and setting ambitious targets.

Volvo Cars reported 71,514 global car sales in June, 8% more than a year ago. During the first six months of the year, sales amounted to 388,073, up 14% year-over-year.

Meanwhile, in June, Volvo's plug-in electric car sales increased by 41%

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And Volvo EX30 ends May in 2nd place.

Some 226,000 plugin vehicles were registered in Europe in May, which is down 10% year over year

Hydrogen fuel cell specialists Hyzon have announced plans to quit Australia even as sales of battery electric commercial trucks climb.

For a while, it seemed like Hyzon

Tesla CEO Elon Musk scored a big win recently when his $56 billion pay package got the green light from shareholders a second time, but the company he runs has been far less fortunate in 2024. 

On Tuesday, Tesla reported

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