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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

China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. auto market anytime soon , some U.S.

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BYD Europe aims to beat Tesla & big EU automakers

Teslarati

BYD Europe wants to triple its market in the region by 2025. The Chinese automaker plans to use an aggressive marketing strategy to accomplish its goal. BYD has no plans to enter the US Market amid “complications’ [Feature] BYD Europe’s goals come at a time when the EU is wary of cheap Chinese electric vehicles (EVs).

BYD 87
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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 Another market headwind is the stagnant US housing market. AlixPartners finds that the global vehicle market is on track to be 76.4

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

Baua Electric

This large tariff has had the effect of excluding Chinese autos from the US market, as it’s easier to export to countries with lower tariffs first. China was originally somewhat slow to adopt EVs – in 2015, EV market share was just.84%, 84%, similar to the US market share of.66% 66% and well below California at 3.1%

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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Report finds US automakers remain profitable under future CAFE standards even with fuel price fluctuation

Green Car Congress

In all of our fuel price scenarios (from Very Low to High), the auto industry would be profitable if current standards stay in place. When gas is very cheap, people tend to buy bigger, more profitable trucks. —co-author and independent auto industry analyst Dan Luria. With gas at $1.80

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