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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

The South Korean automaker attributes its success to diverse offerings, including electric vehicles, plug-in hybrids, and gas-powered cars. As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. Toyota Group remains the global auto industry leader, with an operating profit of $7.15

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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

To meet long-term greenhouse gas emissions targets as well as air quality objectives, the internal combustion engine will be further improved, being accompanied by the development and progressive implementation of breakthrough technologies, such as electrified propulsion.

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Tesla bull calls battery cost declines “good deflation” that could boost EV sales

Teslarati

In contrast to “good deflation,” ARK also identified an example of “bad deflation” in the auto industry, specifically in the used car market. In its July 2021 publication, The Manheim Market Report (MMR) stated there were declines in prices every week last month.

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Tesla bucked the industry with its Q1 results — now TSLA is seeing momentum

Teslarati

Tesla ( NASDAQ:TSLA ) essentially bucked the auto industry in the first quarter of 2022. Supply chain issues similar to those faced by Tesla also plagued the greater auto sector, and it showed in their numbers. In the United States, new vehicle sales fell about 12% in the first quarter compared with a year ago.

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Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

Rising EV sales are set to remake the global auto industry and significantly reduce oil consumption for road transport, according to the new edition of the IEA’s annual Global EV Outlook , released today. This shift will have major ramifications for both the auto industry and the energy sector.

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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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Opinion: Politicians Are Lying About Biden's EPA Rule

The Truth About Cars

First, some background from the New York Times : The rule increasingly limits the amount of pollution allowed from tailpipes over time so that, by 2032, more than half the new cars sold in the United States would most likely be zero-emissions vehicles in order for carmakers to meet the standards. regulation is not a ban.

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