A new survey of automakers and Tier 1 suppliers conducted by Ducker Carlisle concludes that as battery electric vehicles (BEVs) continue to enter the mass market, aluminum demand will grow through the end of the decade. The report, 2023 North American Light Vehicle Aluminum Content and Outlook, released by the Aluminum Association indicates that demand […]
Reuters Reports on Concerns that Scratched EV Batteries Lead to Total Losses
A report by Reuters yesterday raised concerns that even slightly damaged electric vehicle (EV) batteries are causing auto insurers to total loss more vehicles. The article says that since there is no way to assess damage to the batteries or repair them, insurers are forced to write off the vehicles, causing higher insurance premiums and […]
February Total New-Vehicle Sales Projected to Increase as Availability Improves
Consumer spending on new vehicles will set a February record. Total new-vehicle sales for February 2023, including retail and non-retail transactions, are projected to reach 1,117,100 units, a 7.2% increase from February 2022 according to a joint forecast from J.D. Power and LMC Automotive. February 2023 has the same number of selling days as February […]
CIECA Forms Electric Vehicle and Battery Committee
The Collision Industry Electronic Commerce Association (CIECA) announced the formation of a new Standards Development Committee focused on Electric Vehicles (EVs) and electric batteries. The committee will be chaired by Frank Phillips, senior manager-Certified Collision North America for Rivian, Jake Rodenroth, North American Body Repair Program operations manager for Lucid Motors, and Ginny Whelan, senior […]
Gas-Powered Cars Cheaper to Fuel than Electric in Late 2022
According to a report by the Anderson Economic Group, the drop in gas prices gave the cost advantage back to ICE-powered vehicles for the first time since the second quarter of 2021. The fourth quarter brought relief at the pump for drivers of traditional Internal Combustion Engine (ICE) vehicles as the cost to drive 100 […]
Mitchell Publishes EV Collision Repair Insights Report
Mitchell, an Enlyte company, today announced the availability of its latest trends publication: Plugged-In: EV Collision Insights. The new quarterly report provides auto insurance and collision repair executives with up-to-date information on electric vehicle claims and market data. In 2022, EV sales hit a tipping point, representing 5.6% of all new vehicles sold according to […]
Hyundai Announces EV Subscription Program that Includes Insurance
Hyundai Motor America in partnership with Hyundai Capital America announced its new Evolve+ electric vehicle subscription service at the 2023 Chicago Auto Show. This new service provides flexibility and affordability to the consumer who wants to drive Hyundai’s newest electric vehicles without committing to a purchase or longer-term lease. Evolve+ is a month-to-month subscription service […]
US Department of Labor and Mercedes-Benz USA Announce Job Corps Partnership to Train EV Technicians
Initial program will take place at four campuses in Kentucky, Massachusetts, New Jersey and Utah. To help meet the need for auto technicians in the growing electric vehicle industry, the U.S. Department of Labor today announced a national partnership with Mercedes-Benz USA to train Job Corps students initially at centers in Kentucky, Massachusetts, New Jersey […]
NTSB Chair Raises Concerns About EV Crash Safety and Road Fatalities in Keynote Address
Says higher curb weight of electric vehicles presents safety risk for all road users. In a keynote speech to the Transportation Research Board annual meeting January 11, National Transportation Safety Board Chair Jennifer Homendy reminded transportation leaders why they do what they do. “We’re fighting for the 43,000 people who die on our roads annually…and […]
Affordability Top Consumer Concern on EV Adoption
According to the Deloitte LLP 2023 Global Automotive Consumer Study, consumers in the U.S. and other global markets are more flexible to EV changes in the automotive sector but concerns about cost and trust still impact growth of EV adoption. The report is based on a survey of more than 26,000 consumers from 24 countries […]
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