How many cars are in the US? Based on the most recent data, there are a total of275,913,237 vehiclesregistered in the U.S., including 105,135,300 automobiles. More trucks are owned in the U.S. than any other vehicle type, with cars coming second before motorcycles and buses. ...
recently surpassed Volkswagen as China's best-selling car brand. Indeed, if we look at the top ten EVs sold in China in 2022, only one foreign carmaker is competitive in China, and that is Tesla.
and European Union by imposing a 100% tariff on imports of China-made EVs. The move aims to create a level playing field for Canadian EV producers to compete domestically and globally. In contrast, Thailand, a member of the ASEAN Free Trade Area (AFTA), has eliminated tariffs for EVs and...
Watch EY Americas Mobility Sector Leader discuss what can be done to speed up the adoption of EVs, and how infrastructure can support this transition. 29 Dec 2022Steve Patton How EY can help Mobility Lens Suite: Explore the future of mobility ...
Last year, over 40 percent of the 753,000 EVS sold worldwide were sold in China, more than twice as many as the number sold in the US, according to the International Energy Agency. Chinese drivers are already big fans of EVS. Chinese auto companies including BYD and BAIC (北汽集团) ran...
This may reflect a more “digital” mindset among EV buyers, but it is also likely to be a result of the fact that EVs are a relatively novel purchase in comparison to ICE vehicles. Consumers thus seek out more information and reassurance when buying an EV than they do a more familiar...
Electric vehicles (EVs) are dominating new vehicle sales in many Nordic countries, likely driven by a mix of environmental policies and favorable incentives. In the following interview, Martin Tornberg, Operations Director Nordics, MSX, explores some of the region’s successes and shares his ...
Currently, the tax credit for purchasing a qualifying new battery-electric and plug-in hybrid vehicles is either $3750 or $7500. Used EVs and PHEVs sold for $25,000 or less are also eligible for a credit of 30 percent of the sale price (up to a maximum of $4000), provided these ve...
Those rock-bottom prices have alarmed automakers and their political allies in the United States and Europe. In May, U.S. President Joe Biden quadrupled tariffs on Chinese EVs to 100%. The European Union is currently investigating China subsidies and may soon raise tariffs on its cars. ...
Customer engagement methods are likely to change, as many steps in the automotive retail chain move online. Digital acceleration in the new reality has altered customers’ expectations in terms of the speed, transparency, and seamlessness of service they’ve come to expect as they move between on...