article thumbnail

Nissan to make EVs more affordable, plans to slash costs to reach EV/ICE price parity

Baua Electric

Nissan launched a new business plan on Monday as the Japanese automaker looks to drive down EV costs. The new plan calls for significant EV cost reductions to reach EV and ICE cost parity by the end of the decade. Nissan’s “product offensive” will include new development and manufacturing upgrades to make EVs more affordable.

Nissan 52
article thumbnail

ABI Research projects worldwide commercial EV market to surpass US$680B by 2027

Green Car Congress

The growing affordability of EVs has been one of the biggest drivers for fleet electrification efforts. There has been a trend of EVs becoming more and more affordable due to advancements in battery technology and economies of scale in production.

article thumbnail

Mercedes-Benz Vans and Rivian to partner on electric van production

Green Car Congress

By working together, the partners will be able to leverage operations synergies and substantially increase cost efficiency to help make the vans more affordable for commercial customers driven by total cost of ownership.

Mercedes 199
article thumbnail

Study associates arrival of ridehailing with 3% increase in traffic deaths

Green Car Congress

Hochberg and Hanyi Yi, both of Rice University, in the working paper, The Cost of Convenience: Ridehailing and Traffic Fatalities. For perspective, while in 2010 the number of roadway deaths in the US stood at 32,885 (the lowest level since 1949), that number increased to more than 37,400 in 2016.

Chicago 284
article thumbnail

‘Hatchbacks are here to stay; no guarantee that SUVs will remain popular in the future’: RC Bhargava | Autocar Professional

Baua Electric

From 2010-2015, there was a lot of action in the hatchback space. What can he afford? However low the cost of operations becomes; the buyer still has to find the money to buy the car initially. Hybrids could also work if brought in at a reasonable cost. It will lower the cost of operations. What will he use?

Future 52
article thumbnail

ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

Green Car Congress

By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. billion, as the world’s population grows and more people in developing economies are able to afford cars. In 2010, about 75% of the world’s vehicles were in OECD countries. liters per 100 km) in 2010.

Oil-Sands 309
article thumbnail

UC Davis, ITDP study suggests global shift to public transport, NMT and away from cars could save $100T through 2050 and cut GHGs

Green Car Congress

The study found that the High Shift scenario could save more than $100 trillion in public and private capital and operating costs of urban transportation between now and 2050 compared to the baseline scenario. Overall, the total costs of the baseline between 2010-2050 are roughly $500 trillion ($200T in OECD and $300T in non-OECD countries).

Davis 273