Jewellery manufacturer – Pandora Jewellery Sale Sat, 04 Sep 2021 06:19:23 +0000 en-US hourly 1 Jewellery manufacturer – Pandora Jewellery Sale 32 32 Indian gold traders hope for a festive shake in a quiet market, Retail News, ET Retail Sat, 04 Sep 2021 03:25:00 +0000 Physical demand for gold in major Asian hubs was largely reduced this week as a rebound in domestic prices kept buyers at bay, while Indian dealers put their hopes on the next festival season to attract more clients.

Local gold futures were trading at around 47,100 rupees per 10 grams on Friday, recovering from a four-month low of 45,662 rupees reached last month.

As a result, retail demand has been quite weak across the country in recent days as prices have risen, said a Mumbai-based bullion trader with a private bank.

Dealers have charged premiums of up to $ 2 an ounce over official domestic prices – including 10.75% import taxes and 3% sales taxes – unchanged from last week.

“The festival season is approaching. Jewelers could start buying if prices remain stable over the next few days,” said another Mumbai-based bullion dealer.

In China, premiums have narrowed slightly to $ 1-5 an ounce against global benchmark spot prices, compared to premiums of $ 3-6 last week.

“Demand in China remains subdued as customers wait for prices to drop,” said Peter Fung, head of transactions at Wing Fung Precious Metals.

In Hong Kong, premiums of $ 0.80 to $ 1.80 have been charged as the increase in COVID-19 cases and the resulting lockdowns have hurt demand for jewelry.

In Singapore, premiums ranged from $ 1 to $ 1.50 an ounce, and according to Brian Lan, managing director of GoldSilver Central dealership, customers took advantage of the higher prices to sell more gold.

In Japan, gold premiums have remained in a range of $ 0.25 to $ 0.50, Tokyo-based traders said.

Meanwhile, the Bangladesh Jewelers Association raised local rates on all types of gold, citing gains in international markets, with the highest quality gold priced at 73,483 taka ($ 864.71) per Bhori, or 11, 664 grams.

There was also a shortage of supply in local markets as imports were hampered by fiscal complexities and the stoppage of international flights.

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Fedrigoni in an ecological packaging joint venture Tue, 31 Aug 2021 12:29:44 +0000 Fedrigoni has acquired 70% of a NewCo which will produce interior trays for boxes and gift boxes for luxury items entirely in thermoformed, biodegradable and environmentally friendly cellulose instead of plastic.

The recently signed agreement, which was announced yesterday (August 30), is with Tecnoform, a Colorno company, in Parma, Italy.

Tecnoform, which will retain the remaining 30% of the capital, is specialized in the production of trays, displays and internal packaging elements, in plastic and other materials, which are used in industrial sectors such as cosmetics, fashion, toys. and food.

The NewCo is a spin-off of the Tecnoform company which is dedicated to the development of innovative packaging products to replace plastic with thermoformed cellulose, thanks to an exclusive technology.

While the company will initially focus on the high-end cosmetics and perfumes sectors, Fedrigoni said the applications “are endless,” ranging from luxury items to technology, jewelry and watches to watches. food and electronic commerce.

Fedrigoni aims to develop this business to reach a turnover of 25 million euros (21.5 million pounds sterling) in the next two to three years.

“The agreement with Tecnoform is a new step on the path of innovation to provide the market with more efficient paper substitutes for plastics. This is one of the main axes of our sustainable development policy for which we have set ambitious goals for 2030 ”, declared Marco Nespolo, CEO of the Fedrigoni group.

“The luxury packaging sector is extremely relevant to us and we believe we can make a difference by orienting it, on a global level, towards solutions that respect the environment, thanks to the know-how acquired so far, synergies with other activities in our ecosystem and the possibility of globalizing business, extending it from Europe to America and Asia.

Tecnoform CEO Alessandro Groppi added: “Our two companies are extremely well matched and Fedrigoni’s experience in the luxury packaging industry, process and manufacturing knowledge, added to the global dimension, will be crucial in helping us develop new, highly innovative solutions. . “

The deal is the sixth in the past three years for Fedrigoni, including four in the past 18 months in the self-adhesive industry.

Since early 2020, the company, itself acquired by Bain Capital four years ago, has acquired the Italian company Ritrama, the Mexican company Industria Papelera Venus, the American manufacturer and distributor Acucote, and Ri-Mark, one of the main distributors in Mexico, of which it already held 30%.

Founded in 1888, Fedrigoni employs more than 4,000 people worldwide and distributes in 130 countries.

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Taxes raider more than 40 premises of Maharashtra-based steel company, claim hidden income of Rs 175 crore Sat, 28 Aug 2021 07:47:00 +0000 No more news

August 28, 2021 | 1:00 p.m.

New Delhi, August 28 (UNI) With a total export value of US $ 547 million in the April-July period of fiscal 22, the United States remains the largest importer of automotive components from the United States. ‘India.

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August 27, 2021 | 9:59 p.m.

Calcutta, August 27 (UNI) CII is organizing the second edition of Farmers’ Connect starting today on
CII virtual platform, where IFFCO launched the nanotechnology-based Nano Urea fertilizer for
remedy the unbalanced and excessive use of conventional urea.
Biplab Mitra, Minister of State in charge of the Ministry of Agricultural Marketing, said West
Bengal has 186 Krishak Bazaars which strive to eliminate middlemen and help to
better achievement of farmers’ prices. The government is emphasizing the development of rural infrastructure for the improvement of the rural community, added the minister.

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AAR Indamer opens MRO facility in Nagpur and signs IndiGo as launch customerAugust 27, 2021 | 9:35 p.m.

New Delhi, August 27 (UNI) Reforms in the maintenance, repair and overhaul (MRO) sector appear to have started to bear fruit with Indian companies forming alliances with foreign players to set up aircraft maintenance facilities.

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August 27, 2021 | 8:06 p.m.

Kochi, Aug 27 (UNI) Tranzmeo IT Solutions under Kerala Startup Mission (KSUM) has partnered with the Calicut National Institute of Technology to develop cutting-edge cross-functional technologies in photonics, advanced computing and of artificial intelligence.

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August 27, 2021 | 20:00

Kochi, Aug 27 (UNI) Canara Bank, the third largest public sector bank in the country, has successfully raised capital of Rs 2,500 crore through Qualified Institutional Placement (QIP).

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Small actors, goldsmiths do not appreciate the jewelers’ strike today Sun, 22 Aug 2021 20:38:00 +0000 All India Jewelers and Silversmiths Federation (AIJGF) says small jewelers in the country are not involved in the strike

Chennai: Small jewelers and goldsmiths called Monday’s jewelers’ strike against the implementation of the HUID on tested jewelry “absurd” and an attempt to protect vested interests.

The All India Jewelers and Goldsmiths Federation (AIJGF) said small jewelers in the country are not involved in the strike. “The August 23 strike is absurd and an attempt by some big fish to serve their interests by tarnishing the country’s jewelry trade,” he said.

According to the federation, there are around six lakhs of jewelers in the country and around 10 percent of them are large jewelers while the rest are smaller traders. About 20 lakh artisans also work in this business. While calling for a strike, the 10 percent of large jewelers are using the smaller ones to cover their interests, said Pankaj Arora, national president of the AIJGF.

“Those on strike are deceiving thousands of thousands of the country’s small gold traders and branding hallmarks and HUID (six-digit unique hallmarks) anti-trade. They don’t want their business activities to come under control. government, ”he said. noted.

According to the government notification, it is the manufacturer’s responsibility to obtain the HUID number and other members of the supply chain, including the retailer, do not have to worry about it. The AIJGF has called it a welcome step, which will not only inspire confidence in the minds of customers, but will also increase the availability of pure gold in India.

The All-India Gem and Jewelery Domestic Council (GJC) called a symbolic strike on Monday. The organization alleged that HUID is a tracking mechanism and has nothing to do with the purity of the gold. HUID is also against data privacy and “trade secrets” of individual citizens, the GJC said.

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Deepika Padukone looks stunning in blue on Vogue’s digital cover Sun, 22 Aug 2021 10:20:09 +0000 Deepika Padukone was recently featured on Vogue Indiathe digital coverage of, still vibrant. The 35-year-old sported a simple and elegant look as she posed for a photoshoot for luxury watch and jewelry maker Chopard.

Deepika opted for a coordinating powder blue ensemble – a long-sleeved top with a plunging V-back with a wrap-around detail and a pair of high-waisted pants. Looked:

The Padmaavat The actor accessorized the look with a pair of chunky diamond studs and a simple chain necklace. She also wore a Chopard “Happy Sport” stainless steel and ethical 18k rose gold watch with “dancing diamonds”.

Deepika completed the look with minimal makeup, including a nude lip shade. Her hair was put together in a messy bun.

In an interview with Vogue, the actor shared that she always admired her mother’s style. “As far back as I can remember, his style has been classic, elegant and something that I have always connected with. I also find women who are confident and unabashedly themselves extremely stylish and inspiring, ”she said.

Talk about how his own style has evolved over the years, Deepika added, “While my style has always been classic, over the years I would like to believe that I have become more open and confident trying out different styles, colors and shapes.”

The actor almost never disappoints with her looks. what do you think of this one?

For more lifestyle news, follow us: Twitter: lifestyle_ie | Facebook: IE Lifestyle | Instagram: ie_lifestyle

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Marshall Columbia went from Depop to dressing Dua Lipa and Paloma Elsesser Sun, 22 Aug 2021 06:02:30 +0000

Once upon a time, says Marshall Columbia, he was not “familiar with the fashion industry” – a surprising fact given the stratospheric rise of his namesake brand over the past year. The Denver-born, Brooklyn-based designer first dabbled in costume design, working with drag queens and then picking up shows on TV. “It was really fun,” he told British Vogue on Zoom in on a rare and not so manic Monday. “[But] it didn’t really speak to me. I always wanted to have my own brand.

The pandemic found Marshall at a crossroads: his regular work was scarce, meaning he had more free time and an incentive to earn money. In true Gen-Z style, he dived headfirst into Depop, listing his plush bead bags on the platform. The puffy neon pouches had an overwhelming response (they continue to sell consistently), prompting Marshall to embark on a full-fledged independent business.

Following the success of these spongy bags, he created a capsule collection, which was quickly taken over by online retailer Ssense. Next comes the attention of celebrities. Her first defining moment came when Miley Cyrus wore a gray suit embellished with a matching sparkly triangle bikini top in the back for a performance in November.

Now that it’s summer, her designs seem to be in every It-girls suitcase. Olivia Rodrigo and Dua Lipa fell in love with Marshall’s neon mandarin and puffy green bags, respectively, and Lipa packed a lot more extra pieces for a recent vacation. Marshall Columbia’s Tippex white cutout mini skirt (model Paloma Elsesser owns the same), a black keyhole cutout jumpsuit, and never-before-seen blue patterned dividers all appeared on her Instagram. Another fan is Bella Hadid, wearing a cornflower blue beaded bodysuit on a getaway, which Marshall promises to be available for purchase as part of her “cartoon-inspired” 02 capsule in September.

The designer has a lot more in the pipeline. He’s collaborated with other independent brands Blobb and TD Kent on jewelry and eyewear collections, which are due out at the end of next month. And fans will be delighted to hear that more of her Flower Power rugs, made in partnership with her artist friend Cassaundra Rachal, are on the way.

Originally a one-man-band, Marshall now has a studio and several interns to help him. Its key factories are nearby, in Brooklyn and Manhattan, while an Indian manufacturer takes care of its rugs. All of the beading is done in-house – despite being so busy, Marshall still takes the time to enjoy his therapeutic hobby.

According to Marshall, his playful designs are intrinsically linked to his own personal experiences. “A lot of my inspiration comes from different memories, from childhood memories, and I guess I tried to create a feeling of nostalgia,” he says. “Since I was a child, I have always loved bright colors. I liked to tinker and make things. Beading is something I’ve always loved to do, so I like to bring that back into what I’m doing now.

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The most expensive watches for sale in South Africa Tue, 10 Aug 2021 15:10:00 +0000

The economic downturn ushered in by the Covid pandemic has led many to assume that consumers would spend less on luxury items like a luxury watch, however, data from luxury retailers tells a different story.

This year alone, Sandton City’s “Diamond Walk” has seen queues wind their way past stores like Jimmy Choo, Gucci, Dolce & Gabbana, McQueen, Armani, Cartier and Louis Vuitton, to name a few. -a.

According to a report on News24, people shopped more in Lockdown Sandton City in 2020 than they did in 2019 and that’s just physical retail. Online sales of first-hand and second-hand luxury items are on the rise and the luxury watch market is no different.

Speaking in a recent interview with 702’s Bruce Whitfield, Luxury Holdings CEO Duncan Crosson said demand for luxury watches and jewelry is increasing, despite the pandemic.

Crosson spoke to Whitfield shortly after Luxe Holdings, a JSE-listed high-end jewelry and watch retailer, released its results for the year ending February 28, 2021 on Monday.

READ ALSO: The rise of luxury fashion brands during the Covid-19 in HER

Business Insider reports that although online sales of high-end watches are still low, mainly due to territorial sales agreements, the resale market is growing because it is not subject to the same restrictions.

The publication also cautions that a number of online luxury watch sales are made through unauthorized dealers and therefore manufacturer warranties often do not apply.

Consumers would then only have the company’s internal guarantees to fall back on in the event of a problem.

The post also mentions additional costs such as restocking charges that consumers should be aware of as these charges could run into the hundreds of thousands.

This all adds up to the risk of buying a counterfeit luxury watch.

However, if you’re ready and able to overcome all of that, here are some luxury watch options that can put you down six figures according to Business Insider rankings:

ten. Audemars Piguet Royal Oak Chronograph 41mm 1 975 900 R

9. Ulysse Nardin Freak Diavolo Tourbillon 1 999 900 R for 7 days

8. Patek Philippe Automatic Blue Dial R2 099 900

7. Patek Philippe Nautilus R2 368 658

6. Patek Philippe Nautilus R2 499 900

5. Audemars Piguet Royal Oak 41mm R2,749,900

4. Audemars Piguet Royal Oak Perpetual Calendar 41mm 3 999 900 R

3. Patek Philippe Nautilus White Gold 4 399 900 R

2. A. Lange & Söhne A Hibou Series 950: 5,490,000 R

1. Audemars Piguet Royal Oak Perpetual Calendar 6,999,900 rand

READ NEXT: Dlodlo Gags Oppenheimers Offer for Multi-Million Rand Luxury VIP Terminal

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Nelson Jewelery – the leading socially responsible manufacturer of diamond and gemstone jewelry. Offering a vast collection of exquisite designs and meticulous craftsmanship of fine jewelry. Mon, 09 Aug 2021 11:06:15 +0000

“Nelson Jewelery Arts Co., Ltd. | Fine jewelry maker ”

Over four decades of trusted craftsmanship and exquisite jewelry making. Discover over 50,000+ bridal and fashionable diamond and gemstone designs available for your business.

Founded in 1980, Nelson Jewelery Arts Co Ltd is one of the leading manufacturers and exporters of diamond jewelry in the world market. We firmly believe that our achievements are based on the success of our suppliers and customers. By providing consistent and well-made products, supported by a customer-centric culture, we foster a strong and promising partnership for multilateral progress in the industry.

It takes years of experience and dedication to have the skills to create a piece of jewelry that is light, elegant and everlasting. The uncompromising precision of the setting can bring out the natural appeal of the stones with a stunning shine. Our team of master craftsmen each have over three decades of experience in making quality jewelry. By combining the latest advancements in manufacturing, our world-class team can produce signature products that resonate deeply with our customers.

As the first Hong Kong jewelry company to be an Authorized Economic Operator (AEO) and the only jewelry maker to receive three times the prestigious Hong Kong Productivity Council (HKPC) Productivity Award, we constantly challenge ourselves to go beyond the expectations of our customers. .

Our large jewelry factories in China are equipped with high technology to maximize productivity and develop innovative quality products. It complies with the requirements of ISO9001 certification, which is a worldwide recognition of quality management that guarantees our customers to obtain consistent and good quality products. Additionally, as a member of the Business Social Compliance Initiative (BSCI) and the Responsible Jewelery Council (RJC), both are leading associations for addressing international trade and sustainable supply chains to improve social performance in global supply chains. This is the best proof of our uncompromising commitment to quality control and social responsibility on ethical, human rights, social and environmental practices.

We understand that business is about the co-creation of values. That’s why our teams work closely with different stakeholders across the entire supply chain to ensure that our products and services enable our customers to achieve their goals.

For more information, please visit

Media contact
Company Name: Nelson Jewelery Arts Co., Ltd.
Contact person: Tori Ling
E-mail: Send an email
Call: +852 2362 2888
Address:Room 202-205, 2 / F Guardforce Center, 3 Hok Yuen Street East, Hunghom
City: Kowloon
The country: Hong Kong

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Expensive things LVMH CEO Bernard Arnault bought with billions Fri, 06 Aug 2021 13:05:44 +0000

With an estimated net worth of $ 186.3 billion (RM 788 billion), the chairman and CEO of luxury goods conglomerate Louis Vuitton Moët Hennessy (LVMH) Bernard Arnault joined the Centennial Club in May 2021, according to Forbes. The French fashion mogul is one of the richest people in the world and a force to be reckoned with.

Luxury shopping portfolio

He began his journey to the top in the 1980s when he first ventured into the fashion with $ 15 million (RM64 million) from his fatherconstruction business. It have the remainder of $ 65 million (RM 275 million) funded of Lazardent to buy Boussac – the then-parent Christian Dior companyIn 1985.

Since then, Arnault has bought luxury brands and won nnicknames like the wolf in cashmere coat in French media. In 1987 the LVMH conglomerate was born from the merger of Moët & Chandon and Hennessy, the the world’s largest producers of champagne and cognac, respectively.

Bernard Arnault then continued to to conquer major European luxury brands, including couture brand Givenchy (1988), French perfume, makeup and skin care the giant Guerlain (1994), French luxury leather goods brand Céline (1996), italian jewelry Mark Bvlgari (2011), Parisian fashion house Christian Dior (2017), American luxury jewelry and accessories brand Tiffany & Co. (2020) and Italian luxury brand OffWhite (2021), bringing the total to 75 stellar brands.

In addition to luxury brands, Bernard Arnault has took the helm of other activities such as hotels, artwork, yachtts and culture.


Image credit: © Feadship / LVMH

2008 marks Arnault’s passion for yachts when he first acquired luxury Dutch yacht building company Royal Van Loaned and famous British yacht builder Princess Yachts International in a consortium for more than 300 million euros (1.5 billion RM) and200 million (RM 1 billion), respectively.

The luxury yacht named Symphony, owned by Arnault, is one of the 100 best superyachts in the world and the largest Feadship. Symphony can accommodate 36 passengers and is the first Feadship to cross the 100-meter mark and measures 101.5 meters or approximately 333 feet. Designed by Tim Heywood Design, Symphony is an eco-friendly yacht with six decks, an aluminum structure, nearly 3000 GT gross tonnage and a helipad.

The interior of the yacht, signed Zuretti Interior Design, exudes luxury with a Jacuzzi, sauna, lounge and dining room that can seat 20 people. One of the decks includes a private office and office, beach club, cinema, golf course and wellness center.

The French yacht enthusiast also ownsed Amadeus, a superyacht integrated 1969, who received a luxury makeover to accommodate many eminent personalitynalities such as former British Prime Minister Tonney Blair and famous rockkstar Bono. It has been sold later in 2015.

Wine and spirits

The 23 LVMH houses are working together to high-end artisanal cognacs, wines and Champagne about the world. The flagship brands understand Moët & Chandon, Hennessy, Krug and Chateau d’Yquem.

Private island

Bernard Arnault would have owns Indigo Island, a 135-acre private island located the Bahamas that offers retreats for the rich at an exorbitant price of about us$ 300,000 (RM 1.3 million) per week.


Bernard Arnault
Image credit: © Photo Fondation Louis Vuitton / Martin Argyroglo / LVMH

Know known for its collection of world-class artwork, the French entrepreneur extensive collection of contemporary works of art includes paintings by Picasso, Andy Warhol and Henri Moore. Its proximity to art and culture can be established by the fact that LVMH has ventured into many artistic activities, including creation of the idea of the Louis Vuitton Foundation in 2001 opened to the public in 2014.

Image credit: © Iwan Baan / LVMH

According to Bloomberg, Arnault keeps the collection of the most famous artists in his Parisian house.

Luxury hotels

Bernard Arnault
Image credit: © LVMH Hotel Management / S. Julliard / LVMH

Cheval Blanc and Belmond Hotel belong to LVMH, who offer an extravaganza like no other. Cheval Blanc is a luxury hotel with 72 rooms and suites. The hotel also has LV and Dior boutiques on-site for luxury shopping. LVMH has more than 46 Belmond Hotel properties in 24 countries and cash.

Saint Tropez manion

Image credit: © Cheval Blanc / LVMH

Arnault has a huge castle-style waterfront mansion in Saint Tropez, France, with multiple bedrooms, a outdoor pool, tennis court, cinema and separate staff quarters.

Private planes

Bernard Arnault would have spent $ 40 million (RM 170 million) on his private jet, Dassault Falcon 7X. Previously, he had a Global Bombardier Express 6000. He also ownss a ultra long range business plane Bombardier Global 7500 for up to 19 passengers.

(Hero and featured image credit: Eric Piermont / AFP)

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The impact of Joe Biden’s new fuel economy rules, Auto News, ET Auto Fri, 06 Aug 2021 07:47:00 +0000
Ford, General Motors and Stellantis have promised all-electric pickup trucks, and automakers are starting to roll out electric SUVs to the heart of the US market.

DETROIT: President Joe Biden wants to erase Donald Trump’s setback on auto pollution and fuel economy standards.

He proposed new rules on Thursday and unveiled a non-binding agreement with most automakers to make electric, plug-in hybrid or hydrogen-electric vehicles to half of their sales in the United States by 2030.

These measures are part of Biden’s plan to tackle climate change by persuading people to trade in their gasoline vehicles for ones that run on electricity.


They essentially refer to pollution and fuel consumption requirements close to those adopted when Barack Obama was president. The Obama standards required the new vehicle fleet to reduce an average of 5% of carbon dioxide emissions each model year through 2025. Trump reduced that figure to 1.5% per year and added an additional year to the rules. Biden’s plan calls for emissions reductions of 10% in 2023 and 5% each year thereafter through 2026. Trump’s standards ended with an average fleet of around 29 mpg in actual driving. The Biden rule is expected to be close to the Obama mileage requirement, around 37 mpg. Consumer Reports calculates that the new standards will bring only 75% of the emission reductions from the original Obama standards due to Trump-caused delays and loopholes.


They should, although environmental groups say they are not acting fast enough to tackle an acute problem that has warmed the oceans and spawned more powerful storms, wildfires and floods. They also complain that the standards did not offset the increase in emissions during the Trump years and lament the credits that will allow automakers to offset gas-guzzling vehicles. Some say there should be a plan to completely phase out gasoline-powered passenger vehicles by 2030. The EPA says that over the years its proposal will save about 200 billion gallons of gasoline and reduce carbon pollution by approximately 2 billion metric tonnes. That’s almost three times the amount cars emit in a year. If automakers sell more electric vehicles, that could also reduce emissions, although the precise benefit depends on the fuel used to generate the electricity that charges them.


Perhaps. Agreements with car manufacturers are not binding, so there is no obligation to comply. But long before Biden was elected, automakers were already heading towards a similar sales target, developing more electric vehicles after seeing the success of global sales leader Tesla. The industry says it can only meet the targets if the government spends a lot on charging stations and incentives to get people to buy electric vehicles, so Biden will play an important role in getting Congress to approve the funding. .

Ford, General Motors and Stellantis have promised all-electric pickup trucks, and automakers are starting to roll out electric SUVs to the heart of the US market. Consulting firm IHS Markit says there are currently only around 50 fully electric models on sale in the United States, a fraction of the roughly 350 models sold by all automakers. But he expects 130 electric vehicle models by 2026. Dave Cooke, senior vehicle analyst at the Union of Concerned Scientists, expects electric vehicles to be available in all states due to the ‘OK. Currently, many are only sold on coasts where there are state requirements for zero emission vehicles.


Probably not. But since the standards almost match Obama’s requirements, they could become more stringent for large trucks and SUVs. This will likely force automakers to make electric or hybrid versions of their more thirsty models, but it probably won’t undo them. “I think they can do a lot with the same truck platform, and if you want the big SUV, you’ll have to get it in a hybrid or an electric,” said Kristin Dziczek, senior vice president and analyst. policies at the Center for Automotive Research, an industry think tank. And muscle cars are likely to be even faster when switched to electricity. In almost all cases, electric vehicles have more instantaneous power than gasoline vehicles.


Electric vehicles today cost between $ 8,000 and $ 10,000 more than a combustion engine vehicle, according to consulting firm Alix Partners. But automakers say the difference is narrowing as they sell more EVs and develop lower-cost batteries. Biden has proposed extending tax credits and rebates for electric vehicle buyers. There is now a federal tax credit of $ 7,500, but it is capped when automakers reach 200,000 sales of electric vehicles. (GM and Tesla can no longer offer it). A Senate bill promoted by Biden would extend it to all automakers and offer up to $ 12,500 in tax credits for five years, making electric vehicles more affordable.

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The White House is planning an event on electric vehicles and fuel economy standards with President Joe Biden and CEOs of General Motors Co, Ford Motor Co and Chrysler’s parent company, Stellantis NV. The administration plans this week to come up with revisions to fuel economy requirements through to model year 2026.

Biden wants automakers to increase gas mileage and reduce tailpipe pollution by the 2026 model year. climate change as it pushes a historic shift in the United States from internal combustion engines. battery-powered vehicles.

These steps are big steps towards President Joe Biden’s pledge to cut emissions and fight climate change as he pushes the country to switch from internal combustion engines to battery-powered vehicles.

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