Growth continues for third consecutive month. Total new-vehicle sales for June 2023, including retail and non-retail transactions, are projected to reach 1,381,200 units, a 22.6% increase from June 2022, according to a joint forecast from J.D. Power and GlobalData. June 2023 has 26 selling days, the same as June 2022. New-vehicle total sales in Q2 […]
Northeast U.S. Homes Least Ready for Fast EV Chargers
Broader U.S. electric vehicle (EV) adoption will demand significantly upgraded home-charging capacity – as about 80 percent of EV charging is done at home. Unfortunately, public charging today is a slow and cumbersome alternative for many American EV drivers – while home EV charging eliminates the burden of charging in the wild, maximizing the experience […]
US Light Vehicle Sales Projected Up 18% in May Compared to Last Year
S&P Global Mobility reports growing inventories and falling prices, but US auto sales growth still progressing slowly. As the market awaits a clear signal that either growing new-vehicle inventories or consumer affordability issues will emerge as the main determinant of auto sales trends in the immediate term, new U.S. light vehicle demand in May is […]
Mitchell Reports US and Canada See First Quarter Increase in Repairable EV Claims Frequency
EVs have higher than average vehicle repair costs and cycle time. Mitchell, an Enlyte company, today reported that electric vehicle (EV) repairable claims frequency increased in Q1 2023 to 1.13% in the US and 2.41% in Canada. The data was featured in the company’s latest Plugged-In: EV Collision Insights publication, which provides up-to-date EV claims […]
ASE Announces New EV Standards and an EV Testing and Certification Program
The National Institute for Automotive Service (ASE) announced the creation of Electric Vehicle Technician/Shop Personnel Electrical Safety Standards. The purpose of the standards is to provide guidance, document, and establish electrical safety requirements, standards, procedures, and safe work practices relating to the development of an electrically safe working area for service professionals in North America […]
More U.S. New-Vehicle Shoppers Dig in Their Heels on Internal Combustion Engine Vehicles
According to the latest research from J.D. Power, while more consumers are considering an electric vehicle (EV) for their next new vehicle, a growing number of consumers say they are very unlikely to consider an EV purchase for their next vehicle purchase. Key Findings of the study include: EV Holdouts Become More Resolute: Despite recent […]
International Energy Agency Projects Global EV Sales to Jump 35% in 2023
Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the energy sector, especially oil. The new edition of the International Energy Agency (IEA) annual […]
GM and Samsung SDI to Invest Over $3 Billion to Expand U.S. Battery Cell Manufacturing
General Motors Co. (NYSE:GM) and Samsung SDI announced today they plan to invest more than $3 billion to build a new battery cell manufacturing plant in the United States that is targeted to begin operations in 2026. “GM’s supply chain strategy for EVs is focused on scalability, resiliency, sustainability and cost-competitiveness. Our new relationship with […]
Aluminum Use Expected to Grow in New Electric Vehicles
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 […]
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