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Euro 7 emissions same old to price again and again EU forecasts, ACEA says

Baua Electric

Proposed Euro 7 emissions rules will top to direct prices for automakers which might be as much as 10 instances upper than the Ecu Fee’s forecasts, business lobbying staff ACEA stated, mentioning a fresh learn about. ACEA stated the rise in costs for shoppers and corporations purchasing the ones automobiles could be even upper.

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EU auto sales expected to slow in 2024 as EV share increases: ACEA

Teslarati

Manufacturers group the Association des Constructeurs européens d’Automobiles (ACEA) announced its latest forecast in a press release on Wednesday, which predicts that EU new car sales will increase by just 2.5 percent in 2024, compared to 12 percent in 2023. percent this year.

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China Forecast to Produce 12M Vehicles This year

Green Car Congress

China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). Sales of China’s domestically-made automobiles totaled 1.09 Sales of China’s domestically-made automobiles totaled 1.09 People’s Daily. million units in July, up 63.57

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NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. The price war has had a big impact on the auto industry, and NIO will not follow suit. percent year-on-year and 23.6 percent from a year earlier and up 14.3

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Chip provide mending however no longer out of the planks

Baua Electric

million bright automobiles in 2021, in keeping with S&P World Mobility estimates, and any other 3 million in 2022. Within the first part of 2023, manufacturing cutbacks attach to chip shortages fell to about 524,000 automobiles. The chip lack value the trade the manufacturing of about 9.5

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IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining

Green Car Congress

We attribute this to a number of factors, including the economy and the increasing quality of today’s automobiles. Looking ahead, IHS forecasts that average age of vehicles is likely to remain at 11.4 This while VIO is up 1.5%, a rate the auto industry hasn’t seen in the US since 2004-2005. years by 2017 and 11.7

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How and When the Chip Shortage Will End, in 4 Charts

Cars That Think

The auto industry is a relatively small chip end-user, but it’s growing fast. billion, the auto industry makes up less than 9 percent of chip demand by revenue, according to market research firm IDC. IDC Before we get into how the shortage will end, it’s worth summing up how it began.