article thumbnail

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.

article thumbnail

MECA: industry could exceed relaxed US efficiency standards as it has to meet tighter standards elsewhere

Green Car Congress

On 31 March, the US Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) released the final rule for The Safer Affordable Fuel-Efficient (SAFE) Vehicles for Model Years 2021-2026. The final rule requires a 1.5% mpg and 199 g/mile CO 2 in 2026. Earlier post.).

Standards 170
article thumbnail

J.D. Power study finds consumer EV consideration in Canada significantly lags US

Green Car Congress

Growing concerns about affordability and infrastructure (both from charging and electrical grid perspectives), have caused a significant decline in the number of consumers who see themselves in the market for an EV anytime soon. —J.D. Ney, director of the automotive practice at J.D. That is up 13 percentage points from 2022 (53%).

Canada 281
article thumbnail

SAFE Report: electricity shortfalls impede IRA’s materials production goals

Green Car Congress

Aluminum, the report says, is caught in the middle of the clean energy transition—it is a crucial component enabling economy-wide decarbonization, but at the same time is one of the highest emitting industrial materials. The SAFE “ Legislative Analysis for the U.S.

article thumbnail

2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

Year 2024 promises to be an exciting one for the automotive industry as it moves into new territories of innovation and changing customer demands. So, while the Covid-19 lockdowns severely affected the entire automotive industry’s value chain, it also began to embrace a fresh perspective amidst the global crisis. lakh crore (USD 69.7

article thumbnail

Tesla becomes South Korea’s second-largest importer, beating Mercedes-Benz

Teslarati

Industry data has revealed that Tesla successfully overtook Mercedes-Benz to become South Korea’s second-largest vehicle importer in March 2024. As per industry watchers, Tesla’s momentum came amidst the confirmation of government EV incentives last month. Part of the Model Y’s popularity in South Korea may be due to its price.

article thumbnail

Hyundai Offering Free Chargers to EV Buyers, Swelling Industry Incentives

The Truth About Cars

While the ChargePoint device is framed as being free, it does require the purchase of a new automobile through the automaker’s captive finance arm Hyundai Capital America. That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal.

Hyundai 105