And yet, for years, while China's liberalization allowed its companies to master many industries, they just couldn't break into the global car market. Now, in my humble opinion, the reason for that is that there are two major market imperfections that shield the global car market from newco...
Why consumers are charging toward electric vehicles The top motivator in EV sales remains environmental concern, while penalties with ICE vehicles and EV incentives emerge. 23 May 2022Randall Miller+ 2 Video: How to accelerate the adoption of electric vehicles ...
The other thing being missed is many manufacturers aren’t equipped for build to order. They build cars in lots. 50 white. 50 blue. 50 red. Then they build runs of mix. Some cars have moon roofs. Some don’t. Some have alloy wheels and others don’t...
Our analysis also suggests that EV manufacturers are taking a “build it, and they will come” approach to this novel technology, busily embracing the metaverse even if those revenue promises have largely yet to materialize. Several automakers are using the metaverse to enhance the customer expe...
Many governments are employing a carrot-and-stick approach to EV development. While incentives are crucial for attracting manufacturers, they are also using tariffs to safeguard their domestic EV industries. A prime example is Canada, which recently followed the lead of the U.S. and European Union...
Many new firms won’t get that far. Several have already suffered setbacks. Dyson, a British firm better known for vacuum-cleaners, sank £500m ($640m) into an EV effort only to conclude in 2019 that it would never make money. The same year Nio teetered on the brink of bankruptcy ...
China’s domestic electric vehicle industry has heavily invested in battery swap stations in order to minimize charging wait times. Major EV manufacturers that dwarf Kandi in size and scale are well along the path. Manufacturer NIO, for example, has alreadycompletedits one millionth battery swap an...
when it comes to electric vehicles, there are many different types of sockets. Each socket requires a suitable connector, i.e. the "plug" on either side of the cable or at the end of the cable if it is already attached to the charge point. In 2013, the European Union implemented an ...
Battery manufacturers and startups have announced construction of more than 80 new gigafactories across the globe to produce lithium-ion cells and batteries, and many more will be needed over the next decade. Europe, though still far behind China and Asia in battery and cell production, is ...
Since Brexit, UK car production has beendropping every year, however, reachinga low of 775,000 in 2022. Even before the EU Referendum, manufacturers warned that uncertainty around the future of trademay jeopardize UK factories. After the UK voted to leave the EU,the government steppedin within...