Electric vehicle sales in Europe continued their meteoric rise in the first half of this year, up 45 percent over the same period in 2022 and reaching a market share of about 15 percent. After starting from a low single-digit EV share in 2019, the continent would appear to be well on i...
the auto industry fuels innovation by investing $64 billion in R&D each year—more than 30 percent of total EU R&D spending.2In 2023, 12 million cars were sold in Europe, with BEVs representing a 16 percent share, and of the region’s 294 million registered vehicles, BE...
Electric vehicle sales grew about 36% on the year in 2022, according toS&P Global Mobilityestimates. The momentum, however, is at risk in 2023 due to several factors: the end of China's subsidies, Europe's energy crisis and the consequent ...
Last year, EV sales in the EU grew by more than 15 percent, and EVs now account for one in every five cars sold there. As the third-largest market, sales in the United States grew by 55 percent in 2022, but that’s still only for 8 percent of global sales. Emerging markets race ...
the forecast shows that Chinese automakers will have to face a tightening of trade policies by the EU and US imposing stricter sanctions on EV imports, which would result in a decline in Chinese export sales. In this scenario, Chinese EV manufacturers will have to deal with high tariff...
A Promising Yet Challenging Market for Self-driving SoCs China EV Charging Points Soar 56% YoY in 2021; 42% CAGR Seen for 2022-2026 AutomotiveBatterybattery electric vehicleBMWBYDchinaelectric vehiclesGeneral MotorsgermanyHyundaiKiaLithium-IonMercedes BenzPlugin electric vehiclesPrice WarsalesStellantisTesla...
Europe last month. With the German EV market still reeling from the end of incentives, and the French EV market waiting for the ramp-up of its new domestic EVs, the UK is now a critical player, allowing EV sales to soldier on, until the 2025 CO2 rules come into play in the EU to ...
Tesla has been eclipsed by Toyota in auto sales, but it has outperformed Toyota and other automakers in the stock market. In October 2023, the total market capitalization of 62 large listed automakers worldwide was $2.21 trillion. In particular, Tesla's market value was ...
In 2022, EV sales in China reached 27%1 of total vehicles sold; in Europe, they made up just over 20%. And, in the US, EV sales increased to more than 7% of all vehicle sales.2 Surprisingly, this demand for EVs comes despite huge turmoil in supply chains, record prices for battery...
The EU auto imports from China could be impacted further as the bloc is closer to decide whether to raise tariffs on Chinese EVs. The EU officially launched an investigation into EVs from China on October 4 2023.The European Commission is set to decide whether to impose tariffs more than the...