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…
Qatar’s EV Market To Reach 10% Domestic Sales By 2030
Qatar: Passenger electric vehicles (EV) in the country are expected to reach 10 percent sales by 2030 as the government works towards collaborating with E-vehicle organisations to achieve this feat. Recently, the Ministry of Transport announced that in line with…
Over 75% of People in the US Would Consider Renting an EV as a Test Drive
Electric vehicle sales are booming, with EVs representing more than 7% of all new light vehicles registered in the US in January. That’s a 74% increase from just a year ago, according to data from Experian. But many people in the US…
Vietnamese-Made Electric Cars Arrive At Port of Nanaimo For Sale in Canada
The Port of Nanaimo is the first stop for hundreds of new electric vehicles built in Vietnam. More than 750 VinFast VF 8 vehicles arrived in Nanaimo on May 16 as part of an initial shipment of 1,879 vehicles exported…
Kia Aims To Sell 93,000 EVs In Europe This Year
SEOUL, May 30 (Yonhap) — Kia Corp., South Korea’s second-biggest carmaker, said Tuesday it aims to sell 93,000 all-electric vehicles (EVs) in Europe in 2023 by launching the flagship EV9 SUV later this year. The EV target figure accounts for…
Slow Fundraising Adds Urgency To PE’s Retail Push; European EV Investments Up
When TPG Inc. announced May 15 that it agreed to a $3 billion deal to acquire investment firm Angelo Gordon & Co. LP, the listed private equity firm touted the addition of a $55 billion credit business to its portfolio, increasing its…
Hyundai CEO Reveals US EV Leases Are Climbing As Buyers Take Avantage Of IRA Tax Credit
Hyundai has been on a roll in the US as the automaker embraces the industry’s transition to electric vehicles. The automaker says EV leases are climbing as buyers take advantage of the tax credit provided by the Inflation Reduction Act (IRA). …
How Almost Any Electric Vehicle Can Qualify For The $7,500 EV Tax Credit
When new requirements for the EV tax credit took effect in April, the number of electric vehicles that qualified for the $7,500 tax break dropped dramatically. Right now only about a dozen cars, mostly from US automakers, are on the IRS’ official list. But…
GM Set To Introduce EV Lineup In Europe This Fall
General Motors is ramping up its all-electric vehicle efforts with plans to launch 30 new EV models globally by 2025. Interestingly, GM will offer a selection of its latest battery-powered vehicles in Europe, with new GM EV sales ramping up in…
International Energy Agency Predicts 14 Million EV Sales In 2023
The International Energy Agency expects over 14 million EVs to be sold globally in 2023, which would account for about 18 percent of total car sales for the full year, as reported by CNET. The figure would represent a 35 percent increase year…
