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Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

More than 1 in 5 cars sold globally this year is expected to be electric, with surging demand projected over the next decade, says a new International Energy Agency (IEA) report. The latest IEA Outlook report asserts that global EV sales are set to remain “robust” in 2024, reaching around 17 million by the end of the year.

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Volvo Cars Tech Fund invests in electric car charging company FreeWire

Green Car Congress

FreeWire is a San Francisco-based company that has been a pioneer in flexible fast-charging technology for electric cars. It specializes in both stationary and mobile fast charging technology, allowing electric car charging to be deployed quickly and widely. Freewire products currently offer Level 2 charging at 7.5

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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GM’s rosy year-end figures obscure the fact that legacy automakers are in deep trouble – Charged EVs

Baua Electric

Duplicitous doublespeak has become de rigueur dialect in the auto industry. “We We remain committed to an all-electric future,” says GM as it announces a rollback of its electrification plans. “We We strongly believe in EVs,” say auto dealers as they support efforts to slow the EV transition.

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Tesla’s apparent red carpet treatment in India an effective tool against rivals

Teslarati

BYD’s sales of pure electric cars lag against Tesla’s, but in terms of raw NEV volumes, the Chinese automaker is far ahead of the American EV company. India is an increasingly important market in the auto industry. Modi is reportedly tracking the discussions’ developments as well.

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Hyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market

Baua Electric

Hyundai is set to launch a new EV brand as it looks to gain its share of the largest market globally. Fully electric vehicles accounted for over 23% of new car sales last year in China, with 6.68 That’s up from 12% just two years ago and around a third of the global market. China is the undisputed EV market leader.

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Tesla jumps 35 spots up Fortune’s 500 list following blockbuster 2021 results

Teslarati

billion, and Tesla, of course, represents a revolution in the auto industry. Because all the other big automakers — Ford, GM, Volkswagen — internationally, they’re all committing to electric cars in the future. billion in revenue, up 70% from 2020, and expanding significantly into key European and Chinese markets.

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