Fast-charging stations now available at Z Wiri Station Road in Auckland

The electric vehicle (EV) market is booming, but sales growth is starting to slow down. In 2023, EV sales grew by 30%, but that's down from 80% growth in 2022. There are a few reasons for the slowdown.

China is revving up its plans to become a major player in the electric vehicle (EV) market, and it's not just looking to its own vast domestic market. The country is also setting its sights on Central Asia, a region rich in natural resources and ripe for investment in clean energy infrastructure.

Ford has recently adjusted the pricing of its F-150 Lightning electric truck. The base model has increased in price to $54,995, while the most expensive model has decreased to $92,995. These changes come in response to slower-than-expected demand for electric vehicles. Ford has also cut production of the Lightning in half.

BYD, the Chinese automaker known for its sleek electric vehicles and buses, has achieved a remarkable feat: becoming the world's top seller of pure electric vehicles (EVs) in the fourth quarter of 2023. This marks a significant milestone for the company and underscores the rapid rise of China's NEV (New Energy Vehicle) industry.

The electric vehicle (EV) market is on fire, and 2024 is poised to be another banner year for this burgeoning industry. With Tesla still reigning supreme, a growing number of automakers are throwing their hats into the ring, offering a diverse range of EVs to suit every need and budget.

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.

The Indonesian Finance Minister, Sri Mulyani Indrawati, has announced the implementation of a new 5% PPnBM threshold for "full-electric, battery-based electric motor vehicles" in Indonesia. This policy is effective from March 1, 2024, and will significantly impact the local electric vehicle market.

Ford has announced significant price reductions for its popular Mustang Mach-E electric vehicle. The changes, which range from $600 to $5,900 depending on the model and trim level, come as the automaker faces increasing competition in the EV market.

Wireless charging technology eliminates the need for cumbersome cables and connectors, making charging EVs as convenient as parking.