Italy’s competition authority is investigating BYD (BYDDF), Stellantis (STLA), Tesla (TSLA), and Volkswagen (VWAGY) for allegedly misleading consumers on the performance of their electric vehicles, Reuters reports. The investigations are based “on EV driving range, battery capacity degradation and limitations on standard battery warranties, potentially in breach of the Consumer Code,” the watchdog said, according to Reuters. Fines can range from EUR 5,000 to EUR 10M.
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