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Electric Car Boom in Germany: Over 50,000 New Registrations in December

Electric Car Boom in Germany: Over 50,000 New Registrations in December

The German electric car market saw a record-breaking month in December 2023, with over 54,654 new electric cars registered. This represents a significant 21.6% increase from November and marks a strong finish to a year that saw a total of 524,219 new electric car registrations in Germany.
8 months ago
Volkswagen to Invest $24 Billion in US Electric Vehicle Hub

Volkswagen to Invest $24 Billion in US Electric Vehicle Hub

Volkswagen is ramping up its electric vehicle (EV) ambitions in the United States with a massive $24 billion investment over the next decade. The German automaker announced plans to build a new EV assembly plant in Chattanooga, Tennessee, and expand production at its existing plant in Puebla, Mexico.
7 months ago
Mercedes-Benz Walks Back Electric Car Sales Expectations

Mercedes-Benz Walks Back Electric Car Sales Expectations

Mercedes-Benz has revised its electric car sales expectations, admitting that it will take longer than previously thought to achieve its goal of selling 25% of its cars as electric vehicles by 2025.
7 months ago
BYD India Aims to Retain Top Brand Position in Luxury Electric Car Market

BYD India Aims to Retain Top Brand Position in Luxury Electric Car Market

BYD India, the Indian subsidiary of Chinese automaker BYD, is aiming to retain its position as the top brand in the luxury electric car market in the country. The company has recently launched a new flagship model, the BYD Han EV, which is priced at Rs. 45.20 lakh (ex-showroom).
7 months ago
MG2: The Electric Vehicle Poised to Revolutionize the Compact Market

MG2: The Electric Vehicle Poised to Revolutionize the Compact Market

The automotive industry is undergoing a rapid transformation, with electric vehicles (EVs) taking center stage. As the demand for eco-friendly transportation solutions surges, manufacturers are racing to introduce new models that meet the evolving needs of consumers. Among the latest entrants in the EV segment is the MG2, an all-electric compact car that has the potential to redefine the market for affordable and sustainable mobility.
6 months ago
Tesla Model 3 Discounts Shake Up Australian Electric Vehicle Market

Tesla Model 3 Discounts Shake Up Australian Electric Vehicle Market

The Australian electric vehicle (EV) market has witnessed a significant shift with Tesla announcing substantial discounts on its Model 3 sedan. This bold move has sent ripples through the industry, sparking discussions about affordability, competition, and the future trajectory of EV adoption in the country.
6 months ago
New Car Registrations Surge in February 2024: Battery Electric Vehicles Lead the Charge with 12% Market Share

New Car Registrations Surge in February 2024: Battery Electric Vehicles Lead the Charge with 12% Market Share

The automotive industry has been witnessing a transformative shift towards electrification in recent years, and the latest car registration figures from across Europe provide concrete evidence of this trend. In February 2024, new car registrations experienced a significant surge, driven by a substantial increase in the uptake of battery electric vehicles (BEVs). This article will delve into the key findings of the new car registration data, highlighting the growing popularity of BEVs and its implications for the automotive landscape.
6 months ago
Electric Vehicles Surge in Europe: Battery Electric Market Share Hits 12% in February 2024

Electric Vehicles Surge in Europe: Battery Electric Market Share Hits 12% in February 2024

The European automobile market is undergoing a transformative shift as electric vehicles (EVs) gain increasing traction. According to the latest data from the European Automobile Manufacturers' Association (ACEA), battery electric vehicle (BEV) registrations surged by 10.1% in February 2024, capturing a significant market share of 12%. This remarkable growth underscores the rapid adoption of EVs across Europe and the industry's commitment to sustainable mobility.
6 months ago
The Rise of Electric Vehicles: A Global Perspective

The Rise of Electric Vehicles: A Global Perspective

In the face of escalating climate concerns and the urgent need for sustainable transportation, electric vehicles (EVs) have emerged as a transformative force in the automotive industry. Their popularity has surged globally, with sales reaching unprecedented heights. According to the latest report from Electrek, a leading authority on electric cars and clean energy, the global EV market is poised for continued robust growth, with more than one in five cars sold in 2024 projected to be electric.
5 months ago
Electric Vehicles Gain Traction Amidst Market Fluctuations: A Comprehensive Analysis of New Car Registrations in March 2024

Electric Vehicles Gain Traction Amidst Market Fluctuations: A Comprehensive Analysis of New Car Registrations in March 2024

The automotive industry continues to witness a transformative shift towards electrification, with battery-electric vehicles (BEVs) playing an increasingly pivotal role in the global transportation landscape. According to the latest data released by the European Automobile Manufacturers' Association (ACEA), new car registrations in the European Union (EU), the United Kingdom (UK), and the European Free Trade Association (EFTA) experienced a moderate increase of 5.2% in March 2024 compared to the same month in 2023. Notably, BEVs continued to gain market share, accounting for a significant 13% of new car registrations in March 2024.
5 months ago
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