Remove Auto Remove Industrial Remove Personal Remove Price
article thumbnail

CapGemini: 87% of global consumers prefer personal vehicle to ensure safe travel, up from 57% in April 2020

Green Car Congress

This reflects a continuous shift in consumer preference towards personal mobility, fueled by the COVID-19 pandemic, as car ownership today is seen as a safeguard against the risk and spread of infection. Meanwhile, 78% of consumers will opt for using their personal vehicles over taking public transport.

Personal 265
article thumbnail

Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

ZF Friedrichshafen, which makes transmissions, shock absorption systems, and chassis components for more than 55 auto brands and is Germany’s second-largest supplier after Bosch, said it could axe as many as 12,000 people in a “worst-case scenario” by 2030, reports The Financial Times. FTC: We use income earning auto affiliate links.

article thumbnail

In April, Tesla prices were higher month-over-month but lower year-over-year

Baua Electric

Photo: Tesla Tesla posted larger-than-average ATP (average transaction price) increases month-over-month in April, but its prices were lower year-over-year, reports Kelley Blue Book. Tesla prices have been a key driver of volatile price dynamics in both the luxury and EV markets because it’s the highest-volume seller in both segments.

Price 52
article thumbnail

Tesla slashes prices across Europe on Model Y

Baua Electric

The 2024 Model Y (Source: Tesla) Tesla has slashed the prices of its Model Y across Europe this morning, after it reduced prices of its Model 3 and Model Y prices in China to undercut BYD, according to CNBC. In Germany, Tesla reduced the price of its Model Y Long Range by €5,000 to €49,990 ($54,340), a discount of 9%.

Europe 97
article thumbnail

Rise of Indian used car market; set to exceed 10 mn units by FY28 – ET Auto

Baua Electric

The used car industry is generally three to five years behind the trends in the new car market. New Delhi: The Indian used car market is poised for continued expansion, fuelled by a burgeoning middle class with rising disposable income, a growing desire for personal mobility and shorter vehicle replacement cycles. during 2023-28.

Market 52
article thumbnail

Higher Tesla Model 3 prices bumped up EV prices overall in March

Baua Electric

Photo: Arin Waichulis After Tesla’s price cuts pulled a quarter of overall EV prices down in February, higher Model 3 prices increased EV prices in March. EV prices in March were lower year-over-year by 9.7%, but not as low as February, which saw a 10.5% year-over-year price drop. month-over-month.

Price 52
article thumbnail

In the driver’s seat of driverless cars – ET Auto

Baua Electric

Elon Musk ‘s vision for personal mobility is cars running on clean fuel and driving themselves. It could also avert price wars that EVs are going through. Musk has been struggling to lay his hands on enormous amounts of data to feed AI in cars to be able to drive themselves.

Auto 52