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Volkswagen committing $7.1B to boost product line-up, R&D, manufacturing in North America; targeting 55% BEV sales by 2030

Green Car Congress

By locally integrating its combustion-engine (ICE) and electric vehicle (EV) assembly, American-focused engineering, battery know-how, and software development, Volkswagen aims to drive 55% of US sales to be fully-electric by 2030. The Group is currently assessing governance and finance models, and aims to finalize decisions through 2022.

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BMW Q2 recruit penetration grew greater than 40%

Baua Electric

BMW and its captive finance arm listened, after spoke back with systems to produce leasing extra compelling. Q: How is leasing process shaping up for BMW this future? A: Within the first part of the future, leasing penetration higher just about 30 p.c in the second one quarter of 2023 as opposed to a future in the past.

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Indian market has ‘very functional’ EVs, needs ‘wow products’ to pull customers: Rajesh Jejurikar  | Autocar Professional

Baua Electric

Rajesh Jejurikar, ED and CEO, Automotive and Farm Business at Mahindra & Mahindra says the Indian market has “very functional EVs,” and not products that can, “wow the customers,” and the company is banking on its Born EVs to build excitement with its future EVs and building penetration.

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Hey Tarun! Ather’s moment of reckoning is here. Time for some changes?

Plug In India

Finances Let’s see how the company is doing. Let's talk about finances. This money will be used this year to expand manufacturing facilities, invest in research and development, charging infrastructure, and grow their retail network. Sale of electric two wheelers constitutes 98% of the company’s operating revenue.

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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. The Commission is convinced that financing should cover.

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SAE technical experts: fuel cell technology has advanced significantly, FC vehicle production has begun, further cost reductions & infrastructure development required

Green Car Congress

Takashi Moriya, Senior Chief Engineer at Honda R&D, re-iterated Honda’s strategic focus on electrification as the main pathway toward reducing greenhouse gases, and shift to renewable sources of energy. The main difference he stated is charging time and storage of electrical energy on the vehicle. Earlier post.).

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Drive Electric Submission Land Transport (Clean Car) Amendment Bill

Drive Electric

RE: Drive Electric Submission Land Transport (Clean Car) Amendment Bill. We encourage New Zealand to be ambitious when setting future emissions standards from 2025. The impact of the Clean Vehicle Discount can be seen in light vehicle sales. per cent of sales. Committee Secretariat. Transport and Infrastructure Committee.

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