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Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

Automotive suppliers, too, have made hefty investments in the shift to electric, and now they are seeing their markets being hit due to slower uptake than expected and the fact that car sales are “historically low,” reports the FT. FTC: We use income earning auto affiliate links. Get started here.

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Personal: One in a Million

Clean Fleet Report

California’s plug-in vehicle sales tally is impressive: 663,014 battery electrics (62.9%). In fact, it might not even be possible for the auto industry to produce that many EVs, although the rate of expansion is dizzying. The cars Californians choose set the tone for EV sales for 2021. Still turning in max EV miles.

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

Baua Electric

Rising EV sales are set to remake the global auto industry and significantly reduce oil consumption for road transport, according to the new edition of the IEA’s annual Global EV Outlook , released today. Last year, global electric car sales soared by 35% to almost 14 million. Get started here. –ad*

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

Green Car Congress

—things are far from back to “normal,” or at least the normal defined by the consumer-incentive-induced sales levels of the past. —things are far from back to “normal,” or at least the normal defined by the consumer-incentive-induced sales levels of the past. million units in lost vehicle sales this year.

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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 million units for 2020, with light vehicle sales forecast to post 22.4

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New milestone in 2023: What drove India to record over 41 lakh car sales

Baua Electric

By: Mainak Das | Updated on: 03 Jan 2024, 13:42 PM India witnessed sales of 41 lakh passenger vehicles in 2023, up from 39 lakh units sold in 2022. India witnessed sales of 41 lakh passenger vehicles in 2023, up from 39 lakh units sold in 2022. Sales of new passenger vehicles in India recorded 41 lakh units milestone, marking around 8.2

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GM’s epically bad year still earned it $10 billion – but that’s not due to EV sales

Baua Electric

EV sales were rough last year: In 2023, GM delivered 75,883 BEVs in the US, about 2.9% GM forecasts its total US auto industry sales to hit 16 million in 2024, but it has dropped its goal of making 400,000 EVs through mid-2024. Also, last month, Chevrolet stopped sales of its Chevy Blazy EV due to software issues.

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