The British Government is giving £12.5 M to Israel based Ree Automotive as part of a £41.2 M project to bring advanced electric vehicles to market from UK plants. Ree has a UK technical centre and has developed its radical flat platform in the Midlands where it plans to assemble a range of commercial vehicles. Volta Trucks, a leading and disruptive full electric commercial vehicle manufacturer … [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...]
World car production and sales plunge
IHS Markit forecasts used by automakers and suppliers for strategic decisions has downgraded its assessments across "virtually all regions." It called the coronavirus pandemic "the single biggest risk factor facing the auto industry for many years," reports Automotive News Europe. Global sales will fall by more than 12 percent this year to 78.8 million units, a downgrade of 10 million units from … [Read more...]
Car makers want urgent comprehensive support
The effect of the coronavirus on society and the global economy is unprecedented with grave consequences for the automobile industry, say European car makers. Indeed, most of the members of the European Automobile Manufacturers’ Association have already announced temporary closures of plants due to collapsing demand, supply shortages, and government measures, and are facing cases of corona … [Read more...]
Tradelines 6 November
BCA, with 24 centres across the UK, has won the Auction House of the Year Award at the inaugural Motor Trader Independent Dealer Awards. The Awards pay tribute to those companies and individuals who have demonstrated excellence in used car retailing, offering class-leading customer service and innovation. The fleet of light vehicles in operation in the US hit a record level earlier this year … [Read more...]
EV model ranges to triple over three years
The number of electric car models on the UK market could more than triple within the next three years, new analysis shows. After several years of timid growth, carmakers will be offering 214 electric models across Europe in 2021 – up from the 60 available, officially at least, at the end of 2018. Transport & Environment (T&E), which publishes the analysis today using data from … [Read more...]
Newslines 24 September
Nissan is working with the European Space Agency and created a go-anywhere ground based observatory. It uses a Navara and bespoke trailer to reach the best places off road to look view the night sky with a 16-inch mirror telescope. University of Wales Trinity St Davids is holding an engineering open session 4-7pm on wednesday 26 September in its centre at SA1 Swansea. It is offering a … [Read more...]
Tradelines 18 October
Global revenue from automotive telematics systems will grow at a compound annual rate of nearly 17 percent to more than $6.7 billion by the end of 2023, according to IHS Markit. The data represents production of factory-installed telematics systems, including embedded, consumer electronics (CE) and hybrid telematics. … [Read more...]
EVs are sparking interest in new buyers’ minds
Electric vehicles could make up 15 to 35 percent of total new vehicle sales globally in 2040, according to IHS Markit, a world leader in critical information, analytics and solutions. The findings are part of a new research project, Reinventing the Wheel, that will be conducted over the first half of 2017. “The key question is whether we are approaching a transformative shift akin to the … [Read more...]