Remove Auto Industry Remove Automobile Remove Europe Remove Sale
article thumbnail

EU auto sales expected to slow in 2024 as EV share increases: ACEA

Teslarati

Automotive sales in European Union (EU) countries are expected to slow next year, though some are reporting that the slowdown will cause a sharp increase in electric vehicle (EV) market share. In January, the ACEA forecasted a 5-percent increase in 2023, showing the overall auto market slowing throughout this year. percent this year.

Auto 82
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. of total EU car sales in 2017. —Erik Jonnaert, ACEA Secretary General.

article thumbnail

Mitsubishi Rayon acquires majority of carbon fiber reinforced plastics company Wethje; targeting auto industry

Green Car Congress

(MRC) recently executed a share sales and purchase agreement by which it will acquire 51% of Wethje Holding GmbH , a German company engaged in manufacturing of carbon fiber reinforced plastics (CFRP) parts for automobile applications, from Wethje parent Cross Industries AG.

article thumbnail

European auto industry proposes further 20% cut in passenger car CO2 by 2030 from 2021; conditional on EV uptake and infrastructure; no ZEV mandate

Green Car Congress

At the Frankfurt Motor Show, the European Automobile Manufacturers’ Association (ACEA) outlined the industry’s proposal for a pathway to future CO 2 reductions: a 20% CO 2 reduction for passenger cars by 2030, compared to 2021. of total new car sales. —ACEA President, Dieter Zetsche.

article thumbnail

The révolution is on: France has record year in EV sales

Baua Electric

According to French auto industry group Plateforme automobile and reported by RFI , 26% of new cars sold in France were battery electric or plug-in hybrid vehicles, amounting to 1,774,729 new cars. Plug-in hybrids present 9% of the sales, according to the report. FTC: We use income earning auto affiliate links.

France 52
article thumbnail

Honda to step up its game with new electric motorcycles and EVs

Teslarati

At the same time, Honda plans to increase its annual sales of electric motorcycles to 3.5 With the popularity of electric vehicles continuously rising, legacy automakers like Honda are reevaluating their place in the general auto industry. million electric motorcycles annually, approximately 15% of Honda’s total unit sales.

article thumbnail

GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

Terms of the sale were not disclosed. The company designs, engineers, manufactures and sells electric power steering, hydraulic power steering, steering columns and driveline halfshafts for more than 60 automobile manufacturers and tier one suppliers. Nexteer Automotive is a global provider of advanced steering and related technology.

GM 186