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J.D. Power: US growing increasingly divided on EV adoption

Green Car Congress

On a nationwide basis, EV adoption rates have continued to rise steadily, with EV sales now representing 8.6% Updated twice per year, the forecast projects EV adoption rates by segment by state and designated market area (DMA) and offers insights into the specific variables contributing to projected growth rates.

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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. Magna said it expects full-year 2024 sales of USD 42.6 billion to USD 44.2 billion to USD 45.4

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Ford introducing new midsize SUV in China; Territory will offer 48V mild hybrid and plug-in hybrid variants

Green Car Congress

Ford has released the first images of the new Territory, a mid-size SUV targeted at new buyers in emerging cities in China. Territory customers can choose between a fuel-efficient gasoline engine option; 48V mild hybrid with Miller-Cycle technology; and a plug-in hybrid powertrain when it goes on sale in early 2019. Market background.

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Mercedes-Benz EQ models have been slow to sell, dealers report

Teslarati

Mercedes-Benz has seen the sale of its electric vehicles (EVs) increase significantly in the U.S. However, a new report shows that dealers have had difficulty keeping up with inventory levels for the automaker’s EQ lineup, with sales times for the EVs exceeding the luxury segment average. marking a 284-percent increase year over year.

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Rivian (RIVN) R1S cracks top 5 best-selling EVs in Q4 just as EV leasing heats up

Baua Electric

Rivian’s R1S electric SUV was the fifth best-selling EV in the US in the fourth quarter. Rivian’s electric SUV claimed 3.4% of EV sales in Q4, topped only by the Tesla Model Y (31.9%), Tesla Model 3 (17.6%), VW ID.4 Rivian R1S (Source: Rivian) The data shows electric vehicles accounted for 8.55% of new retail sales.

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Hatchbacks not giving up territorial rights so easily | Autocar Professional

Baua Electric

In those days, India revolved around the pulse of small cars, an automotive ethos that endured for decades, reigning supreme until 2017-18, after which tides started turning in the favour of SUVs (sports utility vehicles). What’s more, in March 2024, for the first time, the top two vehicles sold were SUVs—Tata Punch and Hyundai Creta.

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Can small car segment bounce back by 2026? Trends suggest otherwise

Baua Electric

After the surge of SUVs, the share has dropped to below 30 per cent in the last couple of years. --> The small car segment, which includes the hatchbacks, once ruled the Indian auto industry with nearly half the market share. After the surge of SUVs, the share has dropped to below 30 per cent in the last couple of years.

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