A separateAAA surveyfound declining interest in purchasingelectric vehicles, with only 18% of U.S. adults saying they are likely to buy an EV, down from 23% last year. The main concerns cited by consumers are EV's high costs, limited charging infrastructure and range anxiety, the survey co...
The EV sector has some challenges in the near term. EV prices are declining, which could depress margins for the industry. And the scramble for energy transformation has sparked “greenflation,” as demand for batteries pushes up prices for key materials involved in making the...
While the overall size of the market for internal combustion engine (ICE) vehicles is declining, foreign brands have managed to hold onto their share of this still sizeable market, which in 2023 saw sales of 14 million units. Their share rose slightly from 65.2 percent in 2019 to 66.3 percen...
lease or subscribe to than gas-powered vehicles. According to Kelley Blue Book, theaverage transaction price for an EV was over $56,000 in November 2021,which is $10,000 higher than the average for the entire industry. However, declining battery costs and high production scale ...
Carmakers, whether they are fuel carmakers or EV producers, have been all involved in a price war this year. Against the backdrop of declining sales, the transition to new energy, reducing inventory to get funds back by price cuts have become the common approach of many enterprises to the...
Luxembourg March 2024: Porsche (+36.9%) up to #8 in declining market Porsche ranks #8 in the Luxembourg brands ranking in March. New car sales in Luxembourg endure a -12.6% year-on-year drop in March to 4,585 units, meaning the Q1 volume is down -4.9% to 12,500. Volkswagen (+12....
The EU, using a somewhat shorter history period, shows a similar pattern of declining total electricity generation per capita, even when wind and solar are added (Figure 2). Figure 2. Electricity generation per capita for the European Union based on data of the2023 Statistical Review of World...
Carmakers, whether they are fuel carmakers or EV producers, have been all involved in a price war this year. Against the backdrop of declining sales, the transition to new energy, reducing inventory to get funds back by price cuts have become the common approach of many enterprises to the...
"We're going to need a lot of transportation investments in thenext decade, two decades, to build the kind of infrastructure we'll need for a climate ready future," Rubin said. "We should not settle for declining revenues."
WM, Aiways, and Enovate sell on average around 1,000 units annually, with the numbers further declining this year because of intense market competition and internal issues, a former Aiways staffer noted. Tencent-backed Aiways sold 536 autos in the first three months of this year, Enovate only...