This has resulted in a heightened interest in EVs as consumers endeavor to reduce their carbon footprint and contribute to a more environmentally friendly future. Governments worldwide are implementing policies to boost the pace of domestic EV production, aiming to attract both local and foreign ...
The demand for EVs grew across many countries in North America. Mexico saw 1.08 million new car sales in 2022, a 7% improvement from 2021, and US EV sales increased by 65% in 2022. In sub-sectors of the automotive industry, the US and Mexican commercial services experienced strong opportuni...
The COVID-19 pandemic asserted an adverse influence on the market. With the major sales of new and used vehicles, the demand for peripherals such as spark and glow plugs was utterly reduced. With the social distancing norms and stringent lockdowns worldwide, the production was deficient or no...
Learn how Eurostep’s ShareAspace can help automotive OEMs, EV startups, and Tier 1 suppliers improve their competitiveness and drive innovation in the rapidly evolving electric vehicle market. Find out why leading industry analyst firm, CIMdata, recommends considering Eurostep’s ShareAspace for...
Nissan was one of the first carmakers to launch a dedicated all-electric series production vehicle, the first Leaf, back in 2009, and it was signaling to the world that it had big EV ambitions. Now, more than a decade later, all it’s done is launch a second-generation Leaf and made...
For instance, according to KBB, in the Q2nd of 2022, just under 196,788 battery EVs were sold in the United States. This was a year-over-year increase of around 66.4% compared to the sales recorded in the Q2nd of the previous year. The Q2nd of 2022 also recorded a hike in sales...
Honda plans to introduce 30 electric vehicles worldwide by 2030, as part of its aggressive electrification agenda. Key players have been profiled in the alternative powertrain market research report based on pointers such as company overview, business strategies, financial overview, product portfolio, ...
Similar to any sensitive electrical equipment, EV chargers also require surge protection. Voltage fluctuations within the power grid can render charging ports useless. With the accelerated growth in adoption of EVs across major economies, the demand for surge protection devices is expected to see sign...
supply chain disruptions due to restrictions imposed by governments worldwide. However, post-pandemic, as economic activities restored, the demand started gaining momentum owing to notable growth in production and sales of vehicles across major countries like the United States, China, India, and ...