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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). Volkswagen had just around 145,000 sales. automaker’s lineup-wide price cuts made throughout this year.

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2022 Hyundai Ioniq 5: First of an aggressive wave of new EVs

Charged EVs

The 2022 Hyundai Ioniq 5 should be taken very seriously when it goes on sale this fall. 4 are already on sale. It’s the first of 23 new battery-electric vehicles the company plans to launch by 2025, under three brands, and they’re targeting total global sales of a million EVs by the end of that year. A carmaker to watch.

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2025-2035: Rewriting The Automotive History

Get Electric Vehicle

A recent report from the Environmental Defense Fund indicates that electric vehicle sales volumes are growing at a rapid pace, signalling an epochal shift in the auto industry over the next decade. According to the research, worldwide and US electric vehicle sales increased by 40% and 4%, respectively over the year.