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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

And unlike previous recessions, we’re not just dealing with people’s fears or purchase delays. MG (owned by the Chinese SAIC) was the only group to post an increase in registrations, with its volume jumping from 1,327 to 2,592 units. However, before they could look to buy, COVID-19 struck the industry and disabled purchasing power.

Europe 261
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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.

Global 218
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

However, sales remain limited elsewhere, even in countries with developed car markets such as Japan and India. Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. However, the phase-out of several purchase subsidies in Germany slowed overall EV sales growth.

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KPMG survey finds global auto execs expect ICE dominance for some time; ICE downsizing and PHEVs to receive greatest investment over next 5 years; mobility-as-a-service in cities

Green Car Congress

million in India, 3.8 Around 40% of Chinese and 37% of Brazilian manufacturers and suppliers are investing the largest proportion of their powertrain resources in ICE optimization, according to the survey. India: 25% believe the share will be 6–10%. Nevertheless, this still represents potential sales of up to 5.7

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What Does It Take To Win The EV Race As A Country?

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Some Chinese battery manufacturers include CATL, BYD, CALB, Guoxuan, and Sunwoda. Norwegians who purchase all-electric vehicles do not have to pay significant value-added taxes or registration fees. This reduces the cost of purchasing and maintaining an EV significantly. Again let us take Norway as an example.

Norway 40
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As Electric Car Makers Ante Up Billions, Software Is Ace in the Hole

Cars That Think

Hence, separating EV winners from losers will depend not only on financial wherewithal, but on each competitor's "relative strength in their cyber-physical systems engineering," states Chris Paredis , the BMW Endowed Chair in Automotive Systems Integration at Clemson University.

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Rejoice: The Tipping Point Has Been Reached! 

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But even the industry’s laggards, like BMW, want to produce 50% BEVs by 2030, pointing in the direction of continuous growth of the industry. The research covers eight of the world’s largest, most promising, and most developed EV markets: China, France, Germany, India, Japan, Norway, the United Kingdom, and the United States.