South Korea Fines Tesla $2.2 Million For Allegedly Exaggerating Driving Range

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South Korea’s antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla for failing to tell its customers about the shorter driving range of its electric vehicles in low temperatures, says an artcle published on CNBC.

Fuel cost-effectiveness

The Korea Fair Trade Commission said that Tesla had exaggerated the “driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the...

https://mfame.guru/south-korea-fines-tesla-2-2-million-for-allegedly-exaggerating-driving-range/

Sustainable and Inclusive Growth: Week 26 Briefing

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A lack of raw resources could impede the growth of electric vehicles. Briefing Note #26 for December 15, 2022,  as reported by McKinsey.

Sufficient supply unavailable

A lack of essential resources could make it harder to embrace electric cars (EVs). Future EV demand may be challenging to satisfy if a sufficient supply of components like nickel and battery-grade lithium isn’t available. This week’s report from McKinsey examines potential EV manufacturing process...

https://mfame.guru/sustainable-and-inclusive-growth-week-26-briefing/