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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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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

This progress includes advanced internal combustion engines; efficient transmissions; lightweight materials; and hybrid and other energy-saving technologies. Natural gas and other alternative fuel vehicle technology is basically mature, the government said, and is headed toward initial industrialization. International cooperation.

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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

Volkswagen faces mounting pressure to keep up with Tesla and Chinese automakers in the transition to battery-electric vehicles (BEVs), and its success in doing so could have major implications. The auto industry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event. “The

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Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

The car, which was projected to start in the mid-$20,000 range, would have helped Tesla compete against the increasingly fierce Chinese auto industry. The decision was apparently made public, at least internally, in late February, with a source telling Reuters that “Elon’s directive is to go all-in on robotaxi.”

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Chery's NEV unit cuts vehicle prices by up to 10%

CN EV Post

Image credit: Chery New Energy) Chinese auto giant Chery's new energy vehicle (NEV) division has slashed the prices of several models, becoming the latest car company to do so. Earlier this month, multiple traditional internal combustion engine automakers launched price wars with steep discounts.

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KPMG survey finds global auto execs ranking fuel efficiency the top consumer priority

Green Car Congress

Fuel efficiency, safety innovation, and vehicle styling will be the three most important product issues influencing automotive consumer purchase decisions over the next five years, indicating a perceived shift in buying priorities, according to the 12 th annual global automotive survey conducted by KPMG LLP. Investments.

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CATARC and UC Davis establish China-US ZEV Policy Lab to accelerate adoption of plug-in and fuel cell cars in US and in China

Green Car Congress

CATARC is China’s the administrative body that oversees and regulates many activities of the auto industry in China, the world’s largest new-car market, and in the US. The collaboration is intended to help expand the global market for zero-emission vehicles (ZEVs).

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