Green Car Congress

SEPTEMBER 6, 2023

On a nationwide basis, EV adoption rates have continued to rise steadily, with EV sales now representing 8.6% Luxury EVs Still Wield Outsize Influence on Affordability. Industry-wide, Tesla currently accounts for 63% of all EV sales year to date. of the total new-vehicle retail market. Methodology. Each month, the J.D.

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Clean Fleet Report

FEBRUARY 13, 2024

Most people are aware of key players like Hyundai and Nissan, but there are so many other EV manufacturers that are taking over Asia—and possibly set to conquer the international market, including the U.S. Below are just some of the EV manufacturers worth knowing about. The VinFast VF 8–now on sale in the U.S.

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Teslarati

JANUARY 29, 2023

We reported in mid-December that Tesla had demolished previous Model 3 production Hang On Lines, a type of assembly line the company partially utilizes for manufacturing. Tesla has completed the demolition and is moving forward with installing manufacturing equipment, Teslarati has learned through public filings.

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The Truth About Cars

APRIL 2, 2024

In response to flagging demand, the automaker cut prices on the electric SUV and has seen an uptick in sales as a result, showing that cost remains a significant hurdle for many prospective buyers. Tesla may reach the destination first, but it faces significant manufacturing challenges to bring the price down to the promised $25,000 range.

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Teslarati

DECEMBER 6, 2023

A look at reports in the past months would show that a narrative around electric vehicle sales has formed. Considering the trends in the sales of vehicles like the Ford F-150 Lightning and startups like Lucid Motors, skeptics have claimed that electric cars are seeing a demand problem. That’s an increase of 36% from 2022.

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The Truth About Cars

APRIL 16, 2024

In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3. Ho Sung Song said that the car, based on the EV3 Concept, would go on sale before the end of 2024. Kia is also moving to improve its North American EV manufacturing footprint.

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Baua Electric

APRIL 26, 2024

Sales were down 20% from a year earlier, but revenue was down 84%, something Ford attributed to industry-wide EV price cuts. Instead of waiting for the traditional mid-cycle refresh, Ford has incrementally re-engineered the Mach-E to lower manufacturing costs, and it’s cut Mach-E prices.

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Green Car Congress

DECEMBER 13, 2021

Global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new high of $103 billion in 2021, surging 44.7% The growth is expected to continue with the global total semiconductor manufacturing equipment market expanding to $114 billion by 2022.

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Green Car Congress

SEPTEMBER 8, 2020

General Motors will engineer, homologate, validate and manufacture the Nikola Badger battery electric and fuel cell versions. General Motors is one of the top engineering and manufacturing companies in the world. Nikola will be responsible for the sales and marketing for the Badger and will retain the Nikola Badger brand.

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Teslarati

FEBRUARY 28, 2024

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. Hyundai Motor Group was second in EV sales last year thanks to its Hyundai and KIA brands. The post Hyundai Metaplant America to boost its EV sales in the US appeared first on TESLARATI.

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EV Adoption

AUGUST 18, 2021

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). In this part 2 article, we’ll dive deeply into the elimination of the per manufacturer 200,000 EVs sold phaseout.

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Teslarati

DECEMBER 12, 2022

According to sales data released by Kelly Blue Book today, EV prices were pushed ever-higher in November, likely influenced by supply and demand factors. At the same time, many manufacturers have battled near-constant supply chain issues; computer chips are in short supply, while the cost of lithium has gone through the roof.

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Baua Electric

JANUARY 31, 2024

For the first time since 2001, Kia surpassed Hyundai in market value with new affordable EVs rolling out this year. million in sales (wholesale). Jung predicts Kia’s EV sales will grow another 50% this year to 270,000. The new affordable EVs are a big reason why Kia topped Hyundai in market value. trillion won).

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Teslarati

APRIL 5, 2022

General Motors and Honda have announced a new partnership to develop affordable electric vehicles based on a global platform. “GM By 2027, GM and Honda plan to launch low-priced and affordable electric options, including compact crossover vehicles, officials said. These cells can also withstand longer life cycles.

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Teslarati

MARCH 18, 2023

Over the past several years, automotive manufacturers from all corners of the world have jumped head-first into electric vehicle production. Tesla’s most affordable vehicle is the Rear-Wheel Drive Model 3, which starts at $42,990 before incentives. The Model S recorded 32,675 sales, and the Model X had 26,121.

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EV Central

MARCH 1, 2023

Instead, Tesla laid out the building blocks for a new family of more advanced and affordable models that will form the foundations for the brand as it strives to build 20 million cars annually by 2030 – in turn surging past traditional brands such as Toyota and Volkswagen.

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Green Car Congress

JULY 2, 2018

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. of total EU car sales in 2017. —Erik Jonnaert, ACEA Secretary General.

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Green Car Congress

DECEMBER 20, 2022

The latest Toyota hybrid electric low-emission powertrains will be made at Toyota Motor Manufacturing Poland (TMMP) and Toyota Motor Manufacturing UK (TMUK) for the new Corollas manufactured at TMUK and Toyota Motor Manufacturing Turkey (TMMT). 5th generation hybrid transmission 1.8L.

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Baua Electric

MARCH 25, 2024

Through the initiative, Nissan aims to reach 1 million in annual sales with an operating profit margin of over 6% by the end of fiscal 2026. The automaker expects electrified vehicles to account for 40% of global sales by 2026 and 60% by 2030. By 2026, Nissan targets 1 million units in annual sales, an increase of 200,000.

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Electric Vehicles India

APRIL 10, 2023

Affordable priced EV with connected display: MG Comet EV We already know that MG Motor India is working to bring affordable electric vehicles (EVs) to the Indian market soon. The car is marketed as Tata’s affordable competitor to its Tiago EV electric car model. That said, MG will sell this car at an affordable price.

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Green Car Congress

SEPTEMBER 19, 2022

Honda will introduce more than 10 new electric motorcycle models by 2025, with an aim to reach annual electric motorcycle sales of 1 million units within the next five years, and 3.5 million units (approximately 15% of total sales) as of 2030. In Japan, four major Japanese motorcycle manufacturers—Honda, Kawasaki Motors, Ltd.,

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Green Car Congress

JUNE 25, 2022

New-vehicle retail sales for June 2022 are expected to decline when compared with June 2021, according to a joint forecast from J.D. Retail sales of new vehicles this month are expected to reach 965,300 units, a 18.2% Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 15.0%

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Electric Vehicles India

JANUARY 2, 2023

And with EV sales surpassing a million units for the first time in 2022, that growth looks got even bigger. . Indian electric vehicle manufacturers are trying to keep up with the rapid changes occurring each second. The data revealed that it showed 210% growth in sales of EVs in 2022.

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Electric Vehicles India

FEBRUARY 6, 2023

Mahindra Electric, Yatri EV, Mayuri, Citylife, and Mini Metro were among the top five electric tricycle retail sales in January 2023 Sales of electric tricycles in India have reached new heights with over 32,000 units sold in January 2023. Mahindra Electric secured the top spot on the sales list.

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Teslarati

FEBRUARY 14, 2023

The EU formally approved a law that would ban the sale of combustion engine vehicles by 2035 in an attempt to accelerate consumers’ choice of electric powertrains. Proposed in July 2021, Italy, Portugal, Bulgaria, Slovakia, and Romania all pushed to delay the sales ban in mid-2022. I’d love to hear from you!

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Teslarati

JULY 4, 2023

And as per recent comments from the veteran automaker, the adjustment is partly due to “strong customer reluctance,” which is leading to lower-than-expected electric car sales. “The Volkswagen brand, like other car manufacturers, is currently seeing softening demand for electric cars.

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Teslarati

JANUARY 3, 2023

Hyundai has announced that it aims to grow auto sales by 10% this year alone. It is now a leader in affordable offerings and electric vehicles, along with the likes of Ford. Following this success, the Korean automotive group has set the ambitious goal of growing its vehicle sales by 10% in 2023.

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Baua Electric

MAY 4, 2024

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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Green Car Congress

MAY 14, 2022

California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP), launched in 2009, accelerates commercialization of zero-emission and near-zero-emission technologies by providing point-of-sale vouchers to make advanced vehicles more affordable.

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EV Central

FEBRUARY 19, 2024

Even without sales here, in the short time since its establishment by Vietnam’s richest man Pham Nhat Vuong in 2017, VinFast has had a significant but troubled relationship with Australia. However the national government is pushing aggressively to attract EV battery and car manufacturing and the country has huge stockpiles of nickel to mine.

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Teslarati

MARCH 14, 2023

The Tesla Model 3 also nabbed a top spot in February 2023 NEV sales. Tesla dominated NEV sales for models priced between RMB 200,000 ($29,138.80) and RMB 300,000 ($437,08.20). Tesla dominated NEV sales for models priced between RMB 200,000 ($29,138.80) and RMB 300,000 ($437,08.20). The BYD Song+ DM-i is a Plug-in Hybrid SUV.

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Green Car Congress

JUNE 28, 2022

We continue our quest of forming strong relationships with partners who share our values as we collectively fight against global warming and provide clean, safe and affordable mobility to our customers. —Carlos Tavares, Stellantis CEO. Earlier post.).

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Teslarati

DECEMBER 3, 2022

Ford has released sales data for November, and the company’s electric offerings continue to be the star of the sales report. While Ford’s overall sales shrunk by 7.8% compared to last year, EV sales continued to grow at an incredible pace, up by 102.6% The Ford Mustang Mach-E was the clear winner in November.

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Teslarati

MAY 24, 2024

This has put pressure on both pure and partial EV manufacturers. While some companies have chosen to put more focus on hybrids due to consumer demand, which is not totally far-fetched considering they need to cater to what customers want, others are drawing a line in the sand and sticking with a more aggressive EV sales strategy.

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Baua Electric

MAY 5, 2023

Stated Zack Krelle, an analyst with TrueCar: “Interest rates on vehicle loans appear to be plateauing as manufacturers offset higher financing costs with increased APR-based relief.” ” Regardless of buying groceries process, affordability extra a priority.

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Green Car Congress

JANUARY 18, 2023

This factor measures the proportion of new-vehicle buyers who have an EV purchase option that meets their buying needs, reflective of factors like price, manufacturer origin, segment and other inputs. Affordability. Availability.

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Green Car Congress

DECEMBER 9, 2010

A Business Monitor International (BMI) report forecasts that car sales in India will surpass 2.6 million units by the end of 2010, fuelled by an increasing number of affordable small cars and demand from less penetrated segments, such as rural areas. While BMI forecasts growth of 17.4%

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