Day: April 24, 2025
Nvidia supplier SK Hynix logs bumper Q1, sees limited tariff impact on AI chips https://t.co/gupk0TWxGu pic.twitter.com/EUqy9Jlvfy
— Reuters (@Reuters) April 24, 2025
General Motors is increasing production of transmissions at its Toledo, Ohio facility, shifting away from EV drive unit manufacturing toward parts for gasoline vehicles, the company confirmed Wednesday. https://t.co/qGCW7Wi4b3 pic.twitter.com/QjA9EaOIqm
— Reuters (@Reuters) April 24, 2025
South Korea prosecutors indict ex-president Moon Jae-in for bribery https://t.co/fVhUIYmomx pic.twitter.com/6K6gdyGGjA
— Reuters (@Reuters) April 24, 2025
Prices are rising and economic activity has begun to slow across parts of the nation as businesses and households try to adapt to U.S. President Donald Trump’s erratic rollout of sweeping tariffs aimed at reshaping global trade, a report Wednesday from… https://t.co/KjwLjzS5V1 pic.twitter.com/3AHEaMaKcJ
— Reuters (@Reuters) April 24, 2025
Polestar says Dutton’s move shows ‘a complete lack of understanding of the significant cost-of-living, climate and health benefits of EVs’
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Electric vehicles would cost more under a Coalition government, after Peter Dutton confirmed he would scrap a popular tax break for EV drivers in an apparent backflip that has caused confusion and anger among clean car advocates.
The initiative, which was introduced by the Albanese government in 2022, has meant if a person buys an EV priced under $91,387 through a novated lease program via their employer (when a lease is paid off through pre-taxed salary deductions) they do not have to pay fringe benefits tax (FBT) – even if the car is only for personal use.
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