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J.D. Power: US growing increasingly divided on EV adoption

Green Car Congress

of the total new-vehicle retail market. Power has just introduced a new EV Retail Share Forecast, which captures granular EV sales, consideration, pricing, infrastructure growth and other census and demographic factors to project state-by-state EV adoption rates through 2035. Power EV Retail Share Forecast.

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BYD just launched the first electric MPV in this booming EV market for under $25,000

Electrek

China’s leading EV maker, BYD , is making strides in another key EV market with the launch of its M6, the first electric MPV in Indonesia. Unveiled on Monday, the BYD M6 arrives as EV sales are forecasted to continue surging in the region.

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Toyota cuts 2023 EV sales forecast by nearly 40% in latest questionable strategy shift

Electrek

Although Toyota expects record growth this fiscal year, it’s cutting its EV sales forecast by nearly 40%. In Toyota’s latest questionable strategy shift, the company will lean into hybrids to “avoid the price competition” in the EV market.

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August Auto Sales Fall Below Expectations But Relatively Stable

The Truth About Cars

Despite market analysts forecasting that August would offer a sizable boost in automotive sales, aided by the fact that Labor Day weekend partially overlaps with the end of the month, customers failed to come out in droves to buy a new vehicle. The typical interest rate for new-vehicle loans is likely just shy of 7 percent.

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Why Tesla and BYD could dominate electric car sales for a long time yet: The rise of China

EV Central

That’s one of the take-outs from a detailed analysis by investment analyst UBS Research , which released a report on its forecasts for EVs and the automotive industry over the next decade. The company says BYD has healthy profit margins on the Tesla Model 3 -rivalling Seal and that it could leverage them to bolster market share.

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TSMC sees annual sales growth to reach 10% in semiconductor industry – ET Auto

Baua Electric

World Semiconductor Trade Statistics has forecast growth of 13.1% for the global semiconductor market in 2024. Taiwanese contract chipmaker TSMC , a major supplier to Apple and Nvidia , on Thursday forecast an annual revenue growth of 10% in the global semiconductor industry , excluding memory chips.

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How Greenland can capitalise on the $10bn global rare earth elements market

Innovation News Network

Greenland is perfectly poised to capitalise on the rare earth elements market forecasted to be worth $10bn in 2026. The post How Greenland can capitalise on the $10bn global rare earth elements market appeared first on Innovation News Network.

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