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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade.

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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

AFV registrations consistent of hybrid electric vehicles (HEVs); plug-in hybrid electric vehicles (PHEVs); battery electric vehicles (BEV); and fuel cell electric vehicles (FCEV). Given hybrid vehicles outsell battery electric vehicles by a factor of 2.5 Alternatively fueled vehicles (AFV) registrations rose by 34.8%

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Driving Towards a Sustainable Future: The Rise of Electric Autos in India

Baua Electric

With the global push towards sustainability, the rise of electric autos in India comes as no surprise. The Indian government has introduced various incentives and initiatives, such as subsidies and tax benefits, to promote the adoption of electric autos.

India 98
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ACEA study finds cost still strong deterrent for EV uptake across Europe; calls for “realistic” targets recognizing affordability

Green Car Congress

A new study by the European Automobile Manufacturers’ Association (ACEA) finds that the affordability of electric cars remains a strong deterrent for customers across the EU, along with lack of infrastructure and lack of investment in infrastructure. The auto industry is eager to move as fast as it can towards zero-emission vehicles.

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Survey: Dealers think Biden is moving too fast on EVs

Baua Electric

Dealers think the Biden administration’s EV policies are forcing the auto industry to move ahead of market demand, according to a new Automotive News survey. 2024 Cadillac Lyriq Several respondents also voiced the need for more affordable hybrid and plug-in hybrid models. car dealers and dealership managers.

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Tesla sees over 1400% rise in UK vehicle registrations in April

Teslarati

While EV purists may regard hybrid and plug-in hybrid vehicles as combustion-powered cars, both segments still experienced growth last month. The SMMT’s data noted that plug-in hybrid electric car registrations saw a 33.3% increase last month, while hybrid electric vehicle registrations improved by 7.7%.

Tesla 98
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Audi e-tron Sportback electric SUV edges closer to production form

Green Car Reports

We've seen and driven the upcoming Audi e-tron quattro electric SUV, and this week got a look at the more affordable Q4 e-tron as well as four new plug-in hybrids coming from Audi. Auto-industry observers got their first.

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