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

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade. billion to USD 44.2 billion to USD 45.4

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Center for Automotive Research calls long-run economic risk to auto industry of mandating permanent fuel economy standards very serious; recommends periodic reviews

Green Car Congress

Based on the results of the study, CAR believes the economic risk to the auto industry connected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.

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Report: EV factories may be leading utilities to dirtier decisions

Baua Electric

Anticipated demand from the auto industry—as well as solar-panel manufacturing and data centers—is leading utilities to forecast single-digit percentage growth every year through the end of the decade in some regions, according to report. for the past decade and a half.

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June 2023 – Tesla Model Y was the best selling car in Sweden

Push EVs

Whilst BEVs still offer long term total cost of ownership advantages over ICE equivalents, there’s still a high price of entry to buying any new auto, and the overall market’s volumes are forecast to suffer as a result. They can build on this foundation with more BEV models in the future.

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Tesla Model Y strengthens its position in Sweden

Push EVs

Outlook Sweden’s auto industry organization, Mobility Sweden , has recently downgraded its overall auto sales forecast for 2023, from 290,000 down to 265,000 units. Obviously this will put a brake on consumer orders for new autos, potentially including BEVs.

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Tesla Model Y wins UK bestseller spot in March

Push EVs

Outlook The UK economy continues in the doldrums, with forecasters split over whether it will show mild recession this year, or simply zero growth. The auto industry body, the SMMT, is forecasting the auto market to be one of the few prospective growth stories of the coming year.

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UKH2Mobility interim report finds potential for 1.6M hydrogen-powered vehicles on UK roads by 2030, with annual sales of 300K units

Green Car Congress

million hydrogen-powered vehicles could be on UK roads by 2030, according to interim Phase I findings of the UKH 2 Mobility project, a joint Government-industry to evaluate the potential for hydrogen as a fuel for Ultra Low Carbon Vehicles in the UK before developing an action plan for an anticipated roll-out to consumers in 2014/15.

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