While the global trend points towards an increase in EV adoption, some regions have experienced a slowdown or decline in sales. In countries likeDenmarkandHong Kong, the phasing out of substantial government subsidies has led to a drop in EV sales. ...
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Although electric vehicle (EV) sales have trended steadily upward over the last five years, industry experts present atFastmarkets' Lithium Supply and Battery Raw Materials Conferenceare concerned that high price points, continued range anxiety and geopolitical tensions could impede future mark...
The Inflation Reduction Act was created with the objective to boost EV sales in the US. However, most of the positive effects are not expected to be realized until 2024, according to some market participants. Beginning in 2024, buyers will be...
While multinational OEMs and their suppliers have greatly benefited from that trend, in recent years, Chinese OEMs have caught up in global market share, now accounting for 20 percent of global vehicle sales. In 2023, it is estimated that they have also become the world’s ...
PHEVs stood for 29,6 % in the global BEV-PHEV mix in 2023 compared to 27,2 % in 2022, a deviation from the long-term trend. The PHEV volume increase was 1,33 million units, most of it (1,2m) in China. High sales of BYD PHEVs and the renaissance of Range Extender Electric Veh...
Prices for another battery raw material,cobalt sulfate, continued a downward trend in November and into December due to weak downstream buying and bearish market sentiment. Fastmarkets’ price assessment forcobalt sulfate, 20.5% Co basis, exw Chinawas 30,000-32,000 yuan per tonne on December...
Embrace the EV trend.As more people adopt EVs, consider how consumers’ needs will change. Since EVs have a finite battery life, people will need to periodically charge their cars, so offer charging stations and give them a reason to stay while their cars are charging. Food is the best wa...
Another new trend in global NEV market is the rise of plug-in hybrids. Favored for its advantages in addressing consumers’ milage anxiety and reliability in the absence of charging stations while providing a more affordable option for those going green, hybrid plug-in electric vehicles (HPEV) ...
Tesla’s share of the EV segment continues to plunge, hitting 50% in Q3, the lowest level on record and down from 62% in Q1. The long-promised Cybertruck may reverse the downward trend, although competition from Ford, Rivian and Chevrolet will likely impact Tesla’s electric pickup volume...