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The International Council on Clean Transportation (ICCT) just dropped its third annual Global Automaker Rating, showing that Chinese carmakers dominate the zero-emission vehicle (ZEV) space. China now accounts for over 11 million EVs sold annually – over half of global EV sales. ” India’s Tata Motors also hit a turning point.
The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. Residential storage has a CAGR of 76% and $8 billion revenue increase over the next three years, followed by personal mobility with a CAGR of $49% and $4.6 billion revenue increase.
Almost half of global consumers (46%) are considering purchasing a car in the next 12 months, an increase from 35% in April 2020. This reflects a continuous shift in consumer preference towards personal mobility, fueled by the COVID-19 pandemic, as car ownership today is seen as a safeguard against the risk and spread of infection.
Ricardo will also develop a simulation approach to offer an evaluation on future mobility systems: from electrified or zero-emission buses on prescribed routes through to single-person autonomous electric vehicles. These will provide transport authorities with recommendations to reduce emissions and improve air quality.
A new study published in Nature Communications by researchers from IIASA, Boston University, and the Ca’ Foscari University of Venice found that by mid-century, climate change will increase the demand for energy globally, even with modest warming. The world is dependent on energy both for human wellbeing and society’s continued development.
CFRA Research analyst Garrett Nelson claims that Tesla (NASDAQ:TSLA) stock is trading at a fraction of its market potential. He argued that Tesla owners would be against including a personal vehicle in a publicly-used fleet. Nelson believes Tesla’s robotaxi business will drive the stock to higher heights.
Users can “lend” the digital key to another person or allow only specific functions, such as opening or closing the trunk, using a smartphone app. In addition, it can provide a driver with personalized driving environment. at a glance as well as control the vehicle. million units in 2020 to 28.9 million units in 2025.
The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. In three of the four scenarios, global oil demand continued to grow through 2030. Lines represent global oil demand by study scenario.
Hyundai Motor Company will establish a Hyundai Mobility Global Innovation Center in Singapore (HMGICs) to accelerate its innovation efforts, with support from the Singapore Economic Development Board (EDB). HMGICs will become Hyundai’s global open innovation hub. Hyundai expects to secure new markets and customers through the effort.
Kia Motors Corporation plans to expand its partnerships with global mobility companies to meet the needs of a diverse range of customers worldwide. Kia will further enhance its collaboration with global partners to offer regionally customized mobility services as it implements its ‘Plan S’ strategy. —President Song.
Mobile Drive will combine Stellantis’ global vehicle design and engineering expertise with Foxconn’s global development in the rapidly changing software and hardware realms of smartphones and consumer electronics. Stellantis NV and Hon Hai Precision Industry Co., Foxconn), together with its subsidiary FIH Mobile Ltd., (FIH)
Airspace Experience Technologies ( ASX ), an aviation technology start-up, and Spirit AeroSystems, a global aircraft design and manufacturing company, have signed a memorandum of understanding and a definitive agreement to cooperate on creation of affordable, certified all-electric, vertical take-off and landing (eVTOL) aircraft.
Envisioning the future market environment, uses and technological advancements, Honda is exploring a range of future personal-use models including ones equipped with a power source besides swappable batteries. Honda plans to introduce two commuter EV models between 2024 and 2025 across Asia, Europe and Japan. Commuter EMs / EBs.
Amid all the doom and Boomer gloom about EV sales (as Ive mentioned before, a shocking proportion of Boomers/Old People seem to be scared and angered by electric cars), I was stunned to learn recently that BMW buyers, and their close relatives in the Mini market, are snapping them up at an incredible rate.
The partnership’s objective is to deliver a customizable, FAA-certified, hydrogen-fuel-cell system to the global eVTOL marketplace. HyPoint‘s aviation applications—including eVTOL, UAS, personal air vehicles, and electric aircraft—were considered to be especially innovative. The initial $6.5-million
The report says that reordering the US transportation system through policy and spending shifts to prioritize public and active transit while reducing car dependency can also ensure transit equity, protect ecosystems, respect Indigenous rights, and meet the demands of global justice. 2°C of warming.
But according to a new report from CoBank, another major challenge that is often overlooked is the monumental impact these vehicles will have on the data center market. To put that into perspective, in 2020 the average person worldwide generated about 150 gigabytes per day. 4% of the datasphere would be stored.
By combining AYRO’s end-user, market intelligence and engineering expertise with KICC’s manufacturing capabilities and development experience, the companies aim to deliver light-duty trucks and electric delivery vehicles to businesses across the US. Texas-based AYRO, Inc.,
Elon Musk has been dubbed by TIME Magazine as its 2021 Person of the Year. Musk may be a controversy magnet — his personality and presence both in real life and online make it quite easy — but he does accomplish many things that critics previously thought impossible. elonmusk is TIME’s 2021 Person of the Year.
On the heels of an quarterly report marked by an underwhelming profit, and amid a general “lack of fitness” according to CFO Bob Shanks, Ford Motor announced that it is accelerating and expanding its activities in 2018 to deliver a broad suite of mobility products and services to personal vehicle owners, fleet owners and cities globally.
The iconic Fiat Panda is getting a funky new design and electric upgrade as part of the brand’s new global line-up. The Fiat Grande Panda EV fuses “Italian personality” with a retro new style. Check out the first images below.
When asked if they’d be willing to consider switching from personal-vehicle ownership to using autonomous-vehicle ride-hailing services, or “robotaxis,” if the monthly cost were from 40% cheaper to even 20% more expensive than vehicle ownership, 44% to 84% across the six countries said they would. —Mark Wakefield.
At IAA Mobility, during his first in-person keynote since taking the helm of Intel in February, CEO Pat Gelsinger predicted that semiconductors will account for more than 20% of the total premium vehicle bill of materials (BOM) by 2030. That represents a 5x growth rate over 2019’s 4% figure.
Having pioneered the EV market in India, we have successfully led its growth and penetration over the last couple of years. We are confident that this move will help more and more customers embrace EVs as their preferred mode for personal mobility. Deliveries are scheduled to commence from January 2023.
The report highlights the importance of near-term action to ensure the long-term sustainability of personal mobility. Understanding the future of personal mobility requires an integrated analysis of technology, infrastructure, consumer choice, and government policy. —MITEI Director Robert C.
New research from McGill University and the University of California, Santa Cruz has found that the local streets of the world’s cities are becoming less connected, a global trend that is driving urban sprawl and discouraging the use of public transportation. Different forms of gated communities were also found to be on the rise globally.
Hercules Electric Vehicles—a Detroit-based startup—is opening a $20-million Series A investment round managed by CMD Global Partners, a boutique investment bank. Hercules is developing an all-electric sport pickup truck, the Hercules Alpha, which will be available in late 2022.
World markets for petroleum and other liquid fuels have entered a period of dynamic change in both supply and demand, the EIA noted, leading to its reassessment of its outlook for long-term global liquid fuels markets in IEO2014. The transportation and industrial sectors account for 92% of global liquid fuels demand in 2040.
Among the coming developments, the Volkswagen Automotive Cloud will be extended step-by-step to further regions of the world and to be available in Europe, China and the USA—the core markets for the future full-electric, fully connected ID. Volkswagen is preparing its digital ecosystem for the core markets of the future ID.
While personal mobility is increasing, demand for commercial carpool services in France, the USA, Japan andGermany is in something of a crisis. In addition to the expectations and attitudes regarding electric vehicles, the survey also dealt with changes in mobility against the backdrop of the global COVID-19 pandemic.
Gentherm, a developer of innovative thermal management technologies ( earlier post ), has received its first production vehicle award for its ClimateSense technology on an all-new 2024 model year electric vehicle with a global automaker. —Phil Eyler, President and CEO of Gentherm.
Foxconn (Hon Hai Technology Group), a global leader in smart manufacturing, unveiled three electric vehicles in has developed in-house: the Model C recreational vehicle; the Model E sedan; and the Model T electric bus. seconds, better than comparable models in the market and almost at the pace of a Formula One racing car.
Lightning partnered with the Brazilian company CBMM, global leader in Niobium products and technology ( earlier post ), on materials for the superbike. — Daniel Wright, CBMM engineer and person responsible for the development of the project.
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 during the global recession in 2008/2009. million units. million units, down by at least 15.3%
As global auto manufacturers continue to invest in electrified vehicle (EV) production, internal combustion engine (ICE) powertrains dominate future US intentions, with 69% of US consumers looking to retain the technology for their next vehicle, according to Deloitte’s 2022 Global Automotive Consumer Study report. Source: Deloitte.
Hyundai Motor Company, Kia Motors Corporation, and LG Chem are jointly sponsoring the “EV & Battery Challenge” (EVBC), a global competition to identify up to 10 EV and battery start-ups for potential investment and collaboration. Hyundai and Kia have gained prominence in the globalmarket with a comprehensive portfolio of EVs.
Hyundai Motor will display a 1:8-scale model of its ‘UAM-PBV-Hub’ smart mobility ecosystem ( earlier post ) in its headquarters lobby until June 12 and at global events afterward. S-A1 Personal Air Vehicle concept on display shows our dedication to bring forth Urban Air Mobility for the benefit of humanity.
The MEB will be the foundation for an entirely new generation of battery-electric vehicles designed not only to be electric and feature extended range, but to be connected, autonomous, open and priced for the volume market as required by Volkswagen’s positioning. With that flexibility, we can use the total power of the market.
Tesla repeated with four titles in the S&P Global Mobility’s Loyalty Awards for 2023, grabbing the same first-place trophies that it did for 2022. Tesla won the Overall Loyalty to Make , Ethnic Market Loyalty to Make, Highest Conquest Percentage, and Alternative Powertrain Loyalty to Make awards for 2023. for several years.
The Smart Mobility Service business will provide personalized contents and services on the devices to help secure a broader customer base. Hyundai’s plans for Smart Mobility Device include a wide range of product groups beyond automobiles such as Personal Air Vehicle (PAV), robotics, and last-mile mobility.
That increased market share (from 2.2% And more than 50% of global cobalt supply comes from one place: the Democratic Republic of the Congo. It is no longer just about selling cars to consumers for personal use. Personal ownership cars versus mobility services. It has become multidimensional. —Daniel Yergin.
During an annual global technology event, ZF presented its advanced steer-by-wire technology for the front axle and announced that this technology will be launched with industrial scale by a major global automaker within the next year. —ZF CEO Wolf-Henning Scheider.
Because of the economic effects, government and business responses, and personal travel changes caused by the COVID-19 pandemic in 2020, demand for crude oil and petroleum products declined rapidly, inventories increased, and prices fell. The demand decrease in the first half of 2020 resulted in increasing crude oil inventory levels.
This is the vehicle-mounted personal scooter which could be featured in future Hyundai Motor Group vehicles. Our personal electric scooter makes first- and last-mile commuting a joy, while helping to reduce congestion and emissions in city centers. We want to make our customers’ lives as easy and enjoyable as possible.
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