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Small, cheap EVs expected to boost market share by 40% next year in Europe

Electrek

Despite predictions of a major slump in automatic sales around the globe, the European auto industry predicts that this will spark a huge uptick in EV sales in the EU – and that’s thanks to a flood of new, cheap models hitting the market.

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

at this point, the company has been beginning to deliver its EVs in several markets throughout Europe and Asia. auto sector,” the organization writes. auto industry appeared first on TESLARATI. While BYD isn’t planning to enter the U.S. The post The $10,000 BYD Seagull EV is scaring the U.S.

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BYD Europe aims to beat Tesla & big EU automakers

Teslarati

BYD Europe aims to beat Tesla and other prominent EU automakers, like Volkswagen and Stellantis. BYD Europe wants to triple its market in the region by 2025. Fortune mentions that BYD cars for Europe might eventually be mostly assembled in the region. “We are confident that we could be in a leading position.

BYD 89
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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 Emerging nations have gone from being just sources of cheap parts and labor to being bona fide markets, not to mention bona fide competitors.

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Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100%

Baua Electric

Tariffs have been called for by several entities in the US ( and Europe ), as Chinese EV manufacturing has rapidly ramped in recent years. This has left Chinese automakers with more than enough vehicles for the export market, and they have started exporting so many to Europe that they can’t find enough ships to carry them. at the time.

Chinese 52
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Tesla is redefining the “Made in China” moniker with Giga Shanghai: report

Teslarati

” In a way, such labels were quite fair considering that China had focused its exports in the past on low-quality vehicles that were sold dirt-cheap in developing countries. It comments positively by saying Tesla accelerates transformation of entire auto industry & how it redefines MIC as high-quality prod in foreign markets.

China 138
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French EV market record high in March

Push EVs

3 down from #7 to #13 Mini Cooper down from #8 to #14 The Tesla Model Y is now looking unassailable (and not just in France, but across Europe, and the wider world). Ongoing large popular protests across the country , however, may yet throw a spanner in the works of the economy in 2023, including perhaps the auto industry.

Market 59