S&P Global Mobility Auto Intelligence reports that in 2024, sales of battery electric vehicles (BEV) settled to single-digit growth. Though BEV demand continues to grow, the mismatch between naturally progressing demand and automaker forecasts set the world on edge. According to the report, given the billions invested and being deployed in the transition, concern is […]
U.S. Consumers Less Likely to Purchase an EV Than Last Year
An increase in interest for hybrid vehicles, however, shows a new pathway to EV adoption. The fifth iteration of the EY Mobility Consumer Index (MCI), a global survey of almost 20,000 consumers from 28 countries, found that despite record U.S. consumer interest in electric vehicles (EVs) in 2023, only 34% of U.S. consumers intend to […]
BMW and Toyota Partner on Hydrogen Fuel Cell Electric Vehicle Development
The BMW Group and the Toyota Motor Corporation are pooling their innovative strength and their technological capabilities to bring a new generation of fuel cell powertrain technology to the roads. Both companies share the aspiration of advancing the hydrogen economy and have extended their collaboration to push this locally zero-emission technology to the next level. […]
Ford Slows Rollout of Electric Vehicles
Vehicle manufacturer cancels fully electric SUV, expects to take up to $1.9 billion in special charges and write downs. Broadens electrification strategy to include more hybrid vehicles. Ford Motor Company announced it is adjusting the company’s North America vehicle roadmap to offer a range of electrification options designed to speed customer adoption – including lower […]
Mitchell Reports Battery Electric Vehicle Collision Claims Continue to Rise Despite Sales Slowdown
Claims frequency for repairable battery electric vehicles has jumped 45% in the U.S. and 39% in Canada year-over-year while increasing more gradually for hybrids. Mitchell, an Enlyte company today published its Q2 2024 Plugged-In: EV Collision Insights report. This edition features the latest U.S. and Canadian claims data on battery electric vehicles (BEVs), mild hybrid […]
ASA Adopts Position Statement on Consumer Vehicle Choice
Association calls for financial support for independent repairers to invest in electric vehicle repairs if regulations requiring vehicle transition aren’t changed. The Automotive Service Association (ASA) published a position statement on consumer vehicle choice related to the electric vehicle (EV) transition. ASA raises concerns in the statement that EPA emission standards will limit the ability […]
International Energy Agency Reports Global EV Sales Expected to Reach 17 Million in 2024
U.S. EV market share could reach one-in-nine new vehicles sold in 2024 and one-in-five by 2030. According to the International Energy Agency (IEA) despite near-term challenges in some markets, based on today’s policy settings, almost 1 in 3 cars on the roads in China by 2030 is set to be electric, and almost 1 in […]
SEMA Show Offers EV Certification Courses
Attendees at the 2024 SEMA Show have the exclusive opportunity to become electric-vehicle (EV) and EV safety certified through the Show’s comprehensive education program focused on professional and business advancement. The 2024 SEMA Show takes place Nov. 5-8 in Las Vegas, Nev. Presented by SEMA Education and Legacy EV, the “Electric Vehicles 101” and “High-Voltage […]
Mercury Insurance Names the Most Affordable New EVs to Insure
Due to the growing demand for electric vehicles, particularly in California, Mercury Insurance (NYSE: MCY) has compiled a list of the most affordable new EVs to insure, which will arm consumers with valuable knowledge when they go to shop for an EV. Factors contributing to insurance costs include claims on similar vehicles, cost to repair […]
Vehicle Manufacturers Making Contingency ICE Production Plans as EV Sales Miss Projections
OEMs are increasingly optimistic about health of U.S. auto retail industry. Automotive OEMs are generally optimistic about the health of the automotive industry over the next 12 months, with the vast majority expecting new vehicle sales to increase or remain the same versus 2023, according to the just-released 2024 Kerrigan OEM Survey. The 2024 results […]
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