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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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Mitsubishi wants to launch Australia’s cheapest electric car, but there’s a very expensive reason it might not

EV Central

2022 Mitsubishi eK X EV kei car for the Japan market Westcott was speaking as the auto industry waits for the federal government to reveal details of its new fuel standard intended to encourage the take-up of electric vehicles. I have a car that’s ready to go.” Neither are as yet ruled in or out for Australia.

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BYD sees bigger profits on some EVs sold in the EU than in China, even with tariffs

Baua Electric

After global markets became “flooded with cheaper electric cars” from China, EU Commission President Ursula von Der Leyen announced an investigation in October. An increasingly competitive Chinese market has led to aggressive price cuts. As a result, many electric cars sell for much more in the EU than in China.

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Lessons From Norway’s Journey To Becoming The Global Leader In EV Adoption

Wallbox

Compared to the USA, where EVs make up only 2% of new car sales, this gives one a good idea of Norway’s strong leadership position in terms of EV market share. So how did this largely rural Scandinavian country become the global leader in EV adoption?

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Cheaper leases on Tesla electric cars to run through Sept 30

Green Car Reports

Tesla Motors has made an indelible mark on the global auto industry, launching the first volume electric cars with few if any compromises in design, performance, or features. Both the Model S in 2012 and the Model X in 2015 remain the sole such cars with more than 200 miles of range.

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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. These include BYD, which outsell Tesla in China in terms of New Energy Vehicles (NEVs) sales.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040. Under the new forecast, EVs will displace 8 million barrels of transport fuel per day and add 5% to global electricity consumption (1,800 TWh by 2040 up from 6TWh in 2016).

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