Remove Affordable Remove Electric Vehicles Remove Manufacturer Remove Romania
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. To put this in context, pure battery-electric cars accounted for just 0.7%

article thumbnail

Stellantis-Leapmotor announces global expansion, to enter India by Q4 of 2024 | Autocar Professional

Baua Electric

This Leapmotor International joint venture aims to sell and manufacture Leapmotor vehicles outside China. Leapmotor will enter nine European countries in the first phase starting September 2024, including Belgium, France, Italy, Germany, Greece, the Netherlands, Romania, Spain, and Portugal.

India 52
article thumbnail

EU formally approves sales ban of combustion engine cars by 2035

Teslarati

The push to transition consumers toward all-electric powertrains is an effort to eliminate greenhouse gas emissions and reach lofty climate goals. Proposed in July 2021, Italy, Portugal, Bulgaria, Slovakia, and Romania all pushed to delay the sales ban in mid-2022. VW is planning to phase out ICE cars in Europe by 2033.

Sale 98
article thumbnail

CLEPA study: EV-only approach would lead to the loss of half a million supplier jobs in the EU

Green Car Congress

All three scenarios assume accelerated electrification to meet climate goals, with a high market share for electrified vehicles (Battery-electric vehicles, plug-in hybrid electric vehicles and full hybrid electric vehicles) by 2030 of more than 50%, almost 80%, and close to 100%, respectively.

Europe 199
article thumbnail

Renault-Nissan Alliance delivers €4.3B synergy target early; autonomous drive and connectivity expected to deliver major savings

Green Car Congress

Purchasing, engineering and manufacturing were the main contributors. The Common Module Family and cross-production continue to reduce costs, while the development of technologies including autonomous drive and vehicle connectivity is expected to generate major savings moving forward. Renault-Nissan Alliance generated €4.3

Nissan 150
article thumbnail

Chinese-made cars account for one in five BEV sales in February in Europe | Autocar Professional

Baua Electric

However, Battery Electric Vehicles (BEVs) are not driving growth as they historically have done. JATO’s data revealed that these vehicles were responsible for 61% of total sales in February 2024, in comparison to the 62% registered in February 2019. This comes despite the ongoing geopolitical tensions across the continent.”

Chinese 52
article thumbnail

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

A chemist and government researcher, Wang raised some $300,000 from relatives, rented about 2,000 square meters of space, and set out to manufacture rechargeable batteries to compete with imports from Sony and Sanyo. By about 2000, BYD had become one of the worlds largest manufacturers of cellphone batteries. "Too many new roads."

BYD 62