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ACEA study finds cost still strong deterrent for EV uptake across Europe; calls for “realistic” targets recognizing affordability

Green Car Congress

A new study by the European Automobile Manufacturers’ Association (ACEA) finds that the affordability of electric cars remains a strong deterrent for customers across the EU, along with lack of infrastructure and lack of investment in infrastructure. The auto industry is eager to move as fast as it can towards zero-emission vehicles.

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Hyundai's Auto Expo Presentation: Our Thoughts

Plug In India

The PluginIndia team, got a chance to visit the Hyundai India electric car stall at the Auto Expo 2023. Video : Hyundai is just not doing enough. We visited the Hyundai stall at the Auto Expo 23 and there was a huge crowd at the Hyundai stall. And then of course Hyundai had to do it.

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Argonne white paper outlines battery and R&D requirements for electric aviation

Green Car Congress

This includes Uber Elevate that aims to provide affordable shared flights by 2023 with electrification as its core principle. Also, automotive companies, including Daimler, Toyota, Hyundai and Porsche, are getting involved in aviation startups. Hyundai is in partnership with Uber on a concept air mobility vehicle with a 60-mile range.

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Can small car segment bounce back by 2026? Trends suggest otherwise

Baua Electric

By: HT Auto Desk | Updated on: 10 May 2024, 13:15 PM The small car segment, which includes the hatchbacks, once ruled the Indian auto industry with nearly half the market share. REUTERS) The surge of SUVs in India has diverted car buyers from the more affordable entry-level small cars over the past few years.

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EV prices nipping at gas-powered vehicle heels with discounts and cheaper options

Baua Electric

Source: Tesla) The EV leader is facing more competition, with automakers like Hyundai and Volvo launching competitive electric models. Hyundai sold nearly 47,000 IONIQ 5 and IONIQ 6 models last year. Hyundai’s IONIQ 5 , starting at $42,985, is one of the most complete electric SUV packages available. million EVs last year.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Auto parts suppliers have been struggling with lower-than-expected demand for their EV components, as carmakers shift their focus toward producing affordable hybrid vehicles instead. Magna said production of Fisker’s Ocean SUVs had been idled at its plants and it wrote off all assets related to the EV company. billion to USD 44.2

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India’s FY24 PV sales grow 8.5% to a record 4.23 million cars; SUVs now account for more than half of volumes  | Autocar Professional

Baua Electric

million, units during the previous financial year, as per the estimates from India’s top car makers Maruti Suzuki and Hyundai Motor India. The industry has reported its highest-ever monthly sales numbers in all 12 months of the financial year. Improvement in the rural sentiments also boosted the industry sales. lakh, or 4.23-4.25

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