Baua Electric
JANUARY 23, 2024
Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years. FTC: We use income earning auto affiliate links. Get started here.
CN EV Post
MARCH 9, 2023
A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.
Baua Electric
MARCH 22, 2024
The heads of BMW, Volkswagen, and Renault have spoken out against European Union’s emission targets in recent days, arguing that the phase-out rules put too much pressure on the industry and that consumers aren’t buying EVs fast enough. FTC: We use income earning auto affiliate links. We are not contesting 2035,” said de Meo.
Green Car Congress
SEPTEMBER 13, 2017
ACEA also called on the European Commission to consider the most cost-effective solutions and to take into account the social implications of the transition to low-carbon vehicles.
Green Car Congress
APRIL 1, 2010
The automobile industry needs broad access to raw materials at competitive conditions, especially in times of fragile economic circumstances, ACEA said. With roughly one tonne of steel per car, the automotive sector is a major client of the steel industry and hence, iron ore exports.
Green Car Congress
AUGUST 26, 2016
Senior BNEF analyst Claire Curry notes that today, a new stationary storage system can cost up to $1000/kWh. In contrast, repurposing used EV batteries could cost as little as $49/kWh in 2018, with an additional $400/kWh cost to convert to stationary. The auto industry is divided on the issue.
Green Car Congress
JULY 2, 2018
The auto industry is eager to move as fast as it can towards zero-emission vehicles. In order to compensate for this highly fragmented market, more than 50% of all new cars sold in Western Europe would have to be battery electric in order to reach an EU-wide average benchmark of 30% by 2030, as proposed by the Commission.
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