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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. This shift will have major ramifications for both the auto industry and the energy sector.

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BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

According to recent reports , BYD is pushing back plans for an additional factory in Vietnam amidst the expansion. According to the Federation of Thai Industries , ICE car production fell 95% year over year in January, while EV production skyrocketed 9,214%. The first model is expected to roll out in 2026 with prices around $25,000.

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Disruptive tech, sustainability agenda driving India’s auto INC | Autocar Professional

Baua Electric

Regardless of the current softer global economic climate and its inevitable impact at home, the country’s automotive industry is set for robust and resilient growth enabled by disruptive technologies and a sustainability mindset. The auto industry is making strides to replace the traditional sources of fuel with the carbon-free fuel.

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Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

Green Car Congress

Ricardo’s Rising-15 automotive markets include: Argentina; Egypt; Indonesia; Iran; Malaysia; Mexico; Morocco; Nigeria; Peru; the Philippines; South Africa; Thailand; Turkey; Ukraine; and Vietnam. Nissan introducing new Datsun in Indonesia.

Market 210
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Earth Day 2024: each day is about reducing emissions | Autocar Professional

Baua Electric

And the automotive industry too is doing its bit to ensure green motoring. Industry belched out smoke and sludge with little fear of legal consequences or bad press. S-t-r-e-t-c-h every litre of fuel or plug into EVs The automotive and other industries are seized of the immensity of the environmental issue.

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The Global Outlook of Electric Vehicles

Blink Charging

With this increase in demand came an equally steep rise in the price of the metals used in the manufacturing of EV batteries – particularly lithium – which the IEA’s report says is a significant challenge to the EV industry. In Africa , South Africa is leading the way on the continent as far as EV adoption, although it remains low.

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Celanese sees new TCX ethanol process as key component in future growth; a paradigm shift in ethanol production

Green Car Congress

Celanese is one of the world’s largest producers of acetyl products (intermediate chemicals, such as acetic acid, for nearly all major industries); acetyl intermediates account for about 45% of Celanese’s total sales. Source: Celanese. Click to enlarge. Source: Celanese. Click to enlarge.

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