Electric Vehicle (EV) Battery Market to Reach US$ 347 Billion by 2033
According to a recent analysis by Fact.MR, the global electric vehicle (EV) battery market is expected to undergo substantial growth at an impressive Compound Annual Growth Rate (CAGR) of 18.5%, reaching a valuation of US$ 347 billion by the conclusion…
Hyundai Planning To Launch Entry-Level EV, Christened Ioniq 2
South Korean car giant Hyundai is set to disrupt the market with a game-changing affordable model – the Ioniq 2. This compact EV, positioned below the popular Ioniq 5 and Ioniq 6, aims to crack the code for accessible electric…
The year America’s EV Dreams Met Reality
For driving enthusiasts, electrification is a dirty word. But when it comes to decarbonizing the earth’s atmosphere, the ability to harness clean energy, and simplifying the production process for automobiles, it’s no surprise automakers and governments across the globe were…
Availability Of China’s Affordable Electric Vehicles Could Boost US Sales
On a recent driving holiday to Norway, I couldn’t help but notice the great number of electric vehicles on the road. Even more surprising was that I did not immediately recognize the maker of some of these vehicles. Because EVs…
Interest in Hybrids Grows as US Motorists Go Slow on EV Purchases
Most American automakers have pledged to electrify their vehicle lineups as part of global efforts to curb greenhouse gas emissions and mitigate climate change. Battery electric vehicles are ideal transportation for a green economy because they run on electricity rather…
More US Auto Buyers are Turning to Hybrids as Sales of Electric Vehicles Slow
America’s automakers have staked their futures on the notion that electric vehicles will dominate sales in the coming years, spurred by buyers determined to reduce carbon emissions and save on fuel. But so far, while EV sales are growing, their…
China’s BYD to Build its First European EV Factory in Hungary
One of the world’s largest electrical vehicle manufacturers, China’s BYD, will open its first European EV production factory in Hungary, the country’s foreign minister said Friday, the latest step in the Central European nation’s efforts to become a global hub…
US-China Tech War Escalates Over EV Battery Dominance
Semiconductors have in recent years become a focal point in the U.S.’s efforts to impede China’s technological advancement. Now Washington has its eye on yet another red-hot tech sector where China is making great strides: batteries for electric vehicles. Earlier…
Stellantis ‘In The Black’ On EVs In The U.S. And Europe
The profitability of electric vehicles is a big talking point nowadays, and for good reason. Automakers that haven’t managed to turn a profit on their EV models yet are struggling at the moment, with many announcing a slowdown in the…
Rules of Origin Agreement to Avoid Tariffs on Electric Vehicles
An eleventh-hour deal has been struck between the UK and the EU that will postpone ‘rules of origin’ and the imposition of tariffs on electric vehicles (EVs). A three-year delay to the new trading arrangement, which would have come into…
