Electric vehicle adoption has been less lackluster than it did last year
🔋 Electric vehicle adoption has been less lackluster than it did last year.
With inflation and high-interest rates crippling bank accounts across the nation, the electric vehicles business is expecting continued business issues into 2023. The current median expectation for electric vehicle sales by 2030 is now 35%… when it was 65% one year ago. International consulting and accounting firm KPMG is reporting that automotive executives are a little less confident about the vehicle transition.
Apple has decided to pump the brakes on its electric car project, a move that could positively impact its stock performance, according to a report by Morgan Stanley.
The United Auto Workers (UAW) union has been using CEO pay increases as a central argument in their negotiations with Detroit's three major automakers.
Semiconductors are used in a wide variety of electronic components in modern vehicles, including engine control units, infotainment systems, and safety features such as airbags and anti-lock brakes.
With fifty judges from the United States and Canada’s auto journalism sector, the finalists were chosen due to innovation, design, safety, handling, driver satisfaction, user experience, and value.
BYD, a Chinese electric vehicle manufacturer, has ordered several car carriers to transport their products across the oceans on their own equipment.
Approximately $33 billion was pledged for new factory development in the automotive sector in the first eleven months of 2022, according to the Wall Street Journal.
With the expectation of capturing approximately 11% of new vehicle sales in the country, Hyundai is having a breakout year.
Investors and corporations are being more “careful” than ever as economic conditions worsen and fully autonomous commercial cars are being called into question.
Decades ago, the likes of BMW, Volkswagen, and Mercedes-Benz bet it all on China, now selling more vehicles in China than in any other market and building dozens of factories in the country.
BMW Motors, the German automaker, is investing $1.7 billion in its United States operations in order to expand electric vehicle production in the country.
Carmakers showed off the best and brightest electric vehicles at the Paris auto show this week, otherwise known as the Mondial de l’Automobile.
Volkswagen is making moves.
Apple has called it quits on its ambitious Apple car project, known internally as 'Project Titan', reallocating its 2000-strong workforce.