Remove Auto Industry Remove Future Remove Global Remove Manufacturer
article thumbnail

GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. The investments affirm that the future must be electric and there is no turning back for traditional automakers. Toyota plans to launch 30 models by 2030.

Global 370
article thumbnail

Upstream Security: cyber hacks could cost auto industry $24 billion within 5 years

Green Car Congress

Cyber hacks might cost the auto industry roughly $24 billion within five years, according to a new study by Upstream Security , which specializes in cloud-based security protection. billion, while we are seeing that the cost for the industry as a whole could reach $24 billion by 2023.

article thumbnail

Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

Green Car Congress

Ipsos’ new 2020 Global Mobility Navigator Study, focusing on Electrification, found global interest remained on par with the numbers from 2019. Increasing future sales for BEVs will rely on companies improving awareness of their product. Source: Ipsos. —John Kiser.

Global 429
article thumbnail

2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

So, while the Covid-19 lockdowns severely affected the entire automotive industry’s value chain, it also began to embrace a fresh perspective amidst the global crisis. Likewise, the auto components industry also touched a new high. percent to clock a turnover Rs 5.60 lakh crore (USD 69.7 Exports increased by 5.2

article thumbnail

Driving Towards a Sustainable Future: The Rise of Electric Autos in India

Baua Electric

With the global push towards sustainability, the rise of electric autos in India comes as no surprise. The Indian government has introduced various incentives and initiatives, such as subsidies and tax benefits, to promote the adoption of electric autos.

India 98
article thumbnail

AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

The AlixPartners 2011 Automotive Outlook finds that while automakers and suppliers have seen profits bounce back—North American original equipment manufacturers (OEMs) posted $12.5 Specifically, the firm estimates US auto sales will reach just 12.7 billion in 2010 profit on a net margin of 4.6% billion on a net margin of 4.3%—things

article thumbnail

Volkswagen extending Automotive Cloud to China and US in addition to Europe; core markets for future ID. EV

Green Car Congress

develop the Volkswagen Automotive Cloud, one of the largest dedicated automotive industry clouds for all future Volkswagen digital services and mobility offerings. Digital technology is rapidly changing every aspect of the auto industry—from the manufacturing process to the car itself. Earlier post.).

Future 220