Customers are already beginning to express residual values fears over buying new diesel or petrol cars and vans thanks to the prospect of rapid electrification, FleetCheck is reporting. Through its sister Fleetfind operation, the fleet software company helps its client base source vehicles, and says that buyers are concerned about the prospects for internal combustion engine (ICE) models in the … [Read more...]
Analysts at IHS Markit see big swings for EVs
Many markets will become pure BEV/ZEV sales markets by 2040 at the latest with only few exceptions, according to IHS Markit estimates. The ICE sales era in Europe will be replaced by the BEV sales era between 2035 and 2040. In China, IHS Markit expects New Energy Vehicles (NEV) sales targets to be around 40% by 2030, greater than 50% by 2035 and up to 100% by 2050 at the latest. The U.S. will … [Read more...]
Probe begins into questionable EV claims
Aston Martin is probing how it became implicated in a report with inaccurate comparisons of the climate harm caused by cars powered by batteries and combustion engines and widely reported by media over the last week. One claim in the report said it took about 48,000 miles for EVs to be less polluting than conventional cars but the figure is more like 16,000 miles, according to Auke Hoekstra, a … [Read more...]
UK car maker may need bailout
Despite Coronavirus, the plug-in market in Europe grew by well over 100% this year and it will happen again in 2021. BEVs (Battery Electric Vehicles) will grow by more than 100% and surpass the growth of plug-in hybrids (PHEVs). In 2019, the UK sold 38,000 BEVs and the UK is currently on track for between 98,000 and 101,000 BEV sales by the end of 2020. Those in the industry are predicting that … [Read more...]
Piston engines’ future narrows
In recent months Britain, France and India all have announced plans to gradually phase out gasoline- and diesel-powered engines, and other countries are heading in the same direction. The moves, which aim to curb air pollution and tailpipe emissions linked to global climate change, seem to signal a death knell for internal combustion engines (ICEs). But the process will take time—India’s … [Read more...]