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The US is lagging behind in the electrification of new cars. While new government policies could help to close the gap, a full shift to electric vehicles will take many years and require massive investment. The government's aim for EVs to make up 50% of new sales by 2030 seems cha...
Global electric car sales for Sept. 2021 - Up 98% YoY, a record 10.2% share. China sales up 171% YoY to 20% share. Europe sales up 42% YoY to 23% share. EV market news - UK car sales plunge but EVs soar to record amid fuel crisis. UK boosts support for EVs. China's EV sales expected t...
Tesla (TSLA +0.6%) cars will now be available for Uber (UBER +5.3%) drivers in London to buy or lease as part of the ride-hailing company's incentive program to expand electric vehicle usage. In January 2019, Uber London added a clean air fare of 15 pence per mile to help assist drivers ...
Kia America (OTCPK:KIMTF) reports October sales fell 7.2% Y/Y to 52,067 units. In October, the automaker sold 82% of available inventory and and saw 91% Y/Y growth in sales of its hybrid and battery-electric vehicles. On YTD basis, sales expanded 25.4% to 607,592 units. "D...
Global electric car sales for August 2021 were up 114% YoY reaching 7.7% share. China sales rose 186% YoY reaching 19% share. Europe sales rose 60% YoY reaching 22% share. EV market news - Global electric passenger car sales surged 160% higher in H1 2021 led by China and Europe. U.S. ...
Global electric car sales for July 2021 were up 94% YoY reaching 7.1% share, third best month ever. China sales rose 143% YoY reaching 15% share. EV market news - Biden outlines target of 50% EV sales share in 2030. UBS forecasts 25% EVs by 2025 and 60-70% by 2030. Musk says EVs at "i...
This is a step forward for Toyota more in terms of its new factory in Alabama. Toyota will produce the Corolla Cross in this new factory, and this is unsurprisingly the crossover-SUV version of the Corolla. Looking at the Kia Seltos-Forte sales ratios in the US market, we can esti...
India predicts that new vehicle sales will increase 30% after its new scrappage policy is enacted in October, says Nitin Gadkari, India's minister for road transport and highways. Under the policy, owners that scrap their vehicles will receive 4% to 6% of the showroom price of the old vehicle...
Global electric car sales for June 2021 were up 153% YoY reaching 8.7% share. Europe sales rose 157% YoY reaching 19% share, and China sales rose 158% YoY reaching 15% share. EV market news - EU proposes end to the internal combustion engine in 2035. Bank of America sees EVs represent...
Hyundai Motor Co. announces that it will begin a $1.1 billion joint venture in Indonesia with South Korean battery maker LG Energy Solution, a spin-off of LG Chemical. The plant is expected to produce 10-gigawatt-hours of battery cells yearly when it is completed in 2023. A typical nuclear re...
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A survey conducted by JD Power on customer satisfaction among first-time electric vehicle (“EV”) owners revealed Tesla (NASDAQ: TSLA) , Ford (NYSE: F) and Kia (OTC: KIMTF) were their top choices. EV technology has been present for a while; however, its adoption has been ...
Electric vehicles (EVs) have been the next big thing in transportation for nearly a decade, but they're still a bit player in the auto market. According to a report by McKinsey & Company, despite 63% year-over-year growth, EVs were just 2.2% of the global auto market in 2018. In 2020,...
Asia is where the electric vehicle boom is well and truly underway: China is the world’s biggest market for EV cars in sales , while Japanese brands are in the vanguard of EV technology . Over a million EVs were sold in China in 2018 — more than double the amount so...