Europe Vehicle Electrification Market Set to Grow from $40.4 Billion in 2024 to $72.3 Billion by 2031 As Revealed In New Report
The Europe vehicle electrification market is expected to grow from US$40.4 billion in 2024 to US$72.3 billion by 2031, reflecting a CAGR of 8.6%. This growth is driven by strong consumer demand, expanding charging infrastructure, and investments by OEMs. The…
Belgrade Airport Introduces World’s First Free Solar-Powered Electric Vehicles Charging
Belgrade Airport, part of the VINCI Airports network since 2018, has pioneered the world’s first complimentary, off-grid solar charging for electric vehicles. In collaboration with Beam Global, the airport has positioned five EV ARC™ solar charging units in its Premium…
Northvolt CEO Resigns after EV Battery Maker Files for Bankruptcy Protection
The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US.Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt,…
Ford, Facing Economic Headwinds and Weak EV Dales, to cut 4,000 Jobs in Europe
Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars. Ford…
Alabama Power Deploys ADS-TEC Energy Ultra-Fast EV Charging System at its Technology Application Center
ADS-TEC Energy (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced Alabama Power has deployed the battery-buffered, ultra-fast ADS-TEC Energy ChargeBox at its Technology Application Center (TAC). The ChargeBox is enabling Alabama Power to power up its…
Volkswagen Boosts Rivian Partnership with $800M bet on Cutting-edge EV tech
Volkswagen AG has deepened its partnership with Rivian Automotive Inc, investing an additional $800 million in the American electric vehicle (EV) company. The commitment highlights Volkswagen’s support despite a slowdown in EV demand and potential policy shifts under the incoming…
Ceer Partners with Rimac Technology for High-performance Electric Drive Systems
Ceer, Saudi Arabia’s first electric vehicle (EV) brand, a joint venture between the Public Investment Fund (PIF) and Hon Hai Precision Industry Co. (Foxconn), has signed a partnership with Rimac Technology for the supply of high-performance, fully integrated Electric Drive…
New Nissan Interstar Arrives in UK with Diesel and Electric Power
Nissan has just dropped a new van in the United Kingdom that’s poised to change the LCV game, and it’s got a name straight from a sci-fi movie: the Interstar. While that’s not among the most popular names in the…
Honda and GoCimo will Test Battery-sharing Service in Malmö
Honda will install its battery swapping station called ‘Power Pack Exchanger e’ at three locations in the Swedish city. Here, drivers renting one of Honda’s all-electric EM1 e through GoCimo can exchange empty batteries for a fully charged pack. In…
Cenntro’s Avantier Motors Corporation Expands European Offerings with Launch of Avantier Ex and Avantier Commuter Electric Vehicles
Cenntro Inc. (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, announces its wholly owned subsidiary, Avantier Motors Corporation, has launched two new electric vehicle models tailored for the European market;…
