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Upstream Security: cyber hacks could cost auto industry $24 billion within 5 years

Green Car Congress

Cyber hacks might cost the auto industry roughly $24 billion within five years, according to a new study by Upstream Security , which specializes in cloud-based security protection. billion, while we are seeing that the cost for the industry as a whole could reach $24 billion by 2023. The risk is immense.

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UK auto industry warns anti-diesel agenda and slow uptake of EVs could mean missing 2021 CO2 targets; rising CO2 average in 2017

Green Car Congress

The UK automotive industry warned that the current anti-diesel agenda combined with the ongoing slow take-up of electric vehicles could mean industry misses its next round of CO 2 targets in 2021, with negative consequences for the UK’s own climate change goals. in 2017 to 119,821 units. of the overall new car market in 2017.

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European auto industry proposes further 20% cut in passenger car CO2 by 2030 from 2021; conditional on EV uptake and infrastructure; no ZEV mandate

Green Car Congress

At the Frankfurt Motor Show, the European Automobile Manufacturers’ Association (ACEA) outlined the industry’s proposal for a pathway to future CO 2 reductions: a 20% CO 2 reduction for passenger cars by 2030, compared to 2021. The latest ACEA data show that in the first half of 2017, electrically-chargeable vehicles made up 1.2%

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Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

As a logical consequence of this trend, European imports from China have increased fivefold since 2017…The brands with the highest exports in the first half of 2023 were MG and BYD. Stellantis is another automaker seeking to strengthen its ties with China’s auto industry. Buoyed by its huge domestic market (8.5

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Audi locating high-voltage battery development center at Neckarsulm

Green Car Congress

High-voltage batteries and electric engines make up an important strategic component of future value creation in a transformed auto industry. Consequently, Audi is banking on the high competency of its employees in Neckarsulm to successfully shape the future of electromobility.

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EPA: GHG emissions standards for cars and light trucks should be revised; joint process with NHTSA (updated with more reactions)

Green Car Congress

Negative reaction to the widely expected announcement was voluminous and vociferous: Ceres: “Rolling back the Corporate Average Fuel Economy (CAFE) and emissions standards will undermine the global competitiveness of the US auto industry. This decision takes the U.S. —Administrator Pruitt. Background.

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Tesla jumps 35 spots up Fortune’s 500 list following blockbuster 2021 results

Teslarati

Amidst this trend, electric vehicles are becoming a key factor that must be considered if one were to look at the future of energy. billion, and Tesla, of course, represents a revolution in the auto industry. ” Tesla entered the Fortune 500 for the first time in 2017, with the company becoming No. 383 on the list.

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