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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

The auto industry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event. For our nation, where the auto industry accounts for a large share of value creation, this is not just an economic issue, but also a question of security.”

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

Charged EVs

The Ioniq 5 sits on the company’s Electric-Global Modular Platform (E-GMP), which it says is flexible enough to support not just compact vehicles but mid-size ones too—including an electric three-row SUV it is expected to launch by 2023, perhaps to be named Ioniq 7. The same platform also underpins an EV from Hyundai’s sister brand, Kia.

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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. The Lyriq crossover SUV will be the company’s initial product next year.