The Bitter Conclusion of Trump’s Failed Flirtation With Electric Vehicles
The Bitter Conclusion of Trump’s Failed Flirtation With Electric Vehicles “Well, ladies and gentlemen, this is incredible,” President Trump boasted in front of a gleaming white pickup parked on the South Lawn driveway in late September 2020. At a glance, the truck…
Micro Electric Automotive Market Share and Ongoing Trends, Size, Growth Rate, Recent Key Players
The global micro electric vehicle market size was valued at $8.9 billion in 2021, and is projected to reach $24.3 billion by 2031, growing at a CAGR of 10.8% from 2022 to 2031. A micro electric vehicle (micro-EV) is a…
$2.5 Billion Wireless Electric Vehicle Charging Systems Markets
The global wireless electric vehicle charging systems market is projected to reach $2.5 billion by 2030, at a CAGR of 50.1% during the forecast period 2023-2030. The growth of the wireless electric vehicle charging systems market is driven by the…
Ford To Lay Off Workers As It Focuses On Electric Vehicles
As Ford shifts to producing more electric vehicles, it expects to lay off a number of employees, mostly engineers, in North America over the coming days. The company would not confirm any specific number of employees involved. “This is related…
EU Electric Vehicles Risk 4.3 Billion Euro Post-Brexit Tariff Cost
Post-Brexit rules forcing European automakers to source more electric vehicle components from Britain or the EU could cost them up to 4.3 billion euros ($4.7 billion) in tariffs and hit output, a leading industry body said on Tuesday. Under the…
Europe New Car Sales Rose 18.5% in May, Electric Vehicles Take Larger Share
New car registrations in Europe jumped in May with battery-electric vehicles taking a bigger market share than a year ago, the European Automobile Manufacturers’ Association said Wednesday. Registrations, which reflect sales, totaled almost 1 million, an 18.5% jump from last…
The U.S. Becomes The World’s Second-Largest EV Market After China
Tax credits led to a surge in U.S. electric vehicle sales in the first quarter of 2023, making the United States the world’s second-largest EV market after China, Counterpoint Technology Market Research said in new research. U.S. passenger electric vehicle (EV)…
US EV Sales Up 79% YoY in Q1 2023 Helped by Tax Credit Subsidy
US passenger electric vehicle* (EV) sales soared over 79% YoY in Q1 2023, according to the latest research from Counterpoint’s USA Passenger Electric Vehicle Model Sales Tracker. This strong growth helped the US surpass Germany to become the world’s second-largest EV market, the largest being…
Europe Electric Vehicle Battery Market Surges as Automotive Industry Shifts Towards Electrification
A recent study commissioned by European Aluminium and conducted by Ducker Carlisle has found that the average amount of aluminium used in European cars has increased by 18% from 174 kg in 2019 to 205 kg in 2022. The study…
German Carmakers Warn of Tough EU Talks on Post-Brexit EV Trade
European carmakers have warned that they stand to lose €4.3bn and cut production by almost 500,000 electric vehicles unless Brussels agrees to delay the imposition of tariffs between the EU and the UK. The European Automobile Manufacturers Association (Acea), an…
