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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.

Global 397
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PwC’s Autofacts forecasts global light vehicle assembly to hit 81M units in 2013, 101M by 2017

Green Car Congress

Global light vehicle assembly is expected to reach 81 million units in 2013, an increase of 2.3 While the global market is expected to see positive growth overall, there are a number of mixed signals at the regional level. Autofacts forecasts annual global light vehicle assembly to reach 101 million by 2017.

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

Teslarati

Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” Meo stated that the center of the global automotive market has gravitated toward Asia. China is making rapid inroads into the all-electric vehicle segment.

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How Tesla’s Model 3 Is Melting ICE Markets

EV Obssesion

Tesla’s Model 3 triggered the Osborne effect in the auto industry and is causing the internal combustion engine (ICE) market to melt, The Driven shared and explained just how this happened. In the article, the author takes us back to 2017 where the global new car sales began their downturn, and that increased in 2020 […].

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GM’s China JVs investing $12B between 2014-2017 to expand; GM outlines China market trends

Green Car Congress

In conjunction with the start of Auto China 2014 in Beijing, GM China President Matt Tsien announced that GM’s China joint ventures will make capital expenditures of about $12 billion between 2014 and 2017. China has been GM’s largest market since 2010, last year accounting for about one-third of its global sales.

China 186
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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

It’s also in line with what is expected of other industry sectors, as well as the EU Climate and Energy Framework and the global Paris agreement. The latest ACEA data show that in the first half of 2017, electrically-chargeable vehicles made up 1.2% of total new car sales. This is a steep reduction.

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Hyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market

Baua Electric

Hyundai is set to launch a new EV brand as it looks to gain its share of the largest market globally. The automaker is betting on custom EVs to revamp sales in the region. Fully electric vehicles accounted for over 23% of new car sales last year in China, with 6.68 FTC: We use income earning auto affiliate links.

Hyundai 52