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Global Electric and Hybrid Car Sales Surge Forecasted for 2024

– The International Energy Agency predicts a record 17 million electric and plug-in hybrid vehicle sales in 2024, marking a 20% increase from 2023.

– BEVs accounted for 18% of all cars sold in 2023, up from 14% in 2022, with 35% year-on-year increase

– Electric vehicles are projected to reach price parity with petrol cars by 2030, driving increased adoption as prices decline. Despite some market slowdowns, IEA anticipates a new phase of growth in the global electric vehicle market.

– IEA suggests half of global car sales could be electric by 2035 under current policies; two-thirds if energy and climate commitments are met.

– Norway leads in electric vehicle adoption with 80% of cars sold in 2023 being fully electric,.

– UK emerges as Europe’s largest electric car market in early 2023, driven by regulatory influences and shifting consumer preferences.

– Last year, there was a 35% surge in global electric car sales, totaling nearly 14 million units.

– China is expected to see electric car sales of about 10 million in 2024, representing 45% of all car sales in the country.

– In the United States, approximately one in nine cars sold this year will be electric.

– Europe anticipates electric cars to constitute one in four cars sold, despite challenges such as a decline in EV registrations and subsidy phase-outs.

– The IEA remains optimistic about the growth of the EV market, suggesting a new phase of expansion.

– IEA Executive Director Fatih Birol stated, “Under today’s policy settings, the rapid uptake of EVs could eliminate the need for over 10 million barrels of oil per day by 2035.”

– Birol emphasized the importance of enhancing EV affordability and ensuring sufficient public charging infrastructure to match the sales growth.

https://oilprice.com/Latest-Energy-News/World-News/IEA-Expects-Strong-EV-Sales-While-Carmakers-Flag-Weaker-Demand.html

Smart #5 Unveiled in Beijing Showcases Future Electric Crossover

– Smart revealed the #5 concept at the 2024 Beijing auto show, signaling a shift towards more mainstream market segments.

– The #5 concept features off-road equipment like a winch and a roof-mounted light bar, alongside futuristic design elements such as unique headlights and no exterior door handles.

– Positioned as Smart’s most spacious vehicle yet, the #5 concept offers room for four passengers with individual seats, a large center console, portable speakers, and OLED screens integrated into the dashboard.

– At the moment we lack technical specifics. The electric all-wheel-drive #5 runs on a lithium-ion battery pack exceeding 100 kilowatt-hours, supported by an 800-volt electrical system for rapid charging and a theoretical range of over 340 miles.

– Smart plans to introduce the production version of the #5 in the latter half of 2024, likely manufactured in China and not intended for sale in the U.S.

www.autoblog.com

Range Rover’s First Electric SUV Unveiled

– Range Rover has revealed the first images of its fully electric SUV, showcasing a modern interpretation of the iconic vehicle.

– Strong demand is anticipated for Range Rover’s new electric SUV as the brand continues to experience robust sales growth, particularly in the Range Rover Sport and Range Rover models.

– The upcoming electric Range Rover is generating significant interest, with over 16,000 potential buyers already on the waitlist, following record quarterly wholesale numbers.

– The electric SUV is undergoing rigorous testing in extreme weather conditions in Sweden, ensuring its capability to withstand temperatures ranging from -40°C in the Arctic Circle to +50°C in the deserts of the Middle East.

– Range Rover’s new electric propulsion system, featuring in-house assembly of the battery and Electric Drive Unit (EDU), aims to enhance performance on various surfaces with an advanced traction control system.

– The electric Range Rover is designed to deliver luxury, refinement, and silent electric propulsion, promising smooth and relaxed journeys while maintaining unparalleled capability.

– The vehicle’s innovative traction control setup distributes wheel slip management tasks to each electric drive control unit, reducing torque reaction time from 100 milliseconds to as little as 1 millisecond.

– Range Rover claims that the new electric SUV can navigate through up to 850 mm (33.5 inches) of water, potentially surpassing the capabilities of the GMC Hummer EV.

– Following the introduction of the electric Range Rover, the brand plans to launch two smaller electric SUV models, possibly based on the Evoque and Velar, with additional electric vehicles scheduled for release in 2026.

https://electrek.co/2024/04/23/range-rover-reveals-first-images-sleek-new-electric-suv/

Ford E-Transit Upgraded with Enhanced Battery for 402 km Range

– Ford’s electric Transit model, produced in Europe since 2022, is receiving an upgrade with an extended range version featuring a larger battery, now offering a WLTP range of 402 kilometers.

– The new E-Transit variant will be equipped with an 89 kWh battery, providing a 28% increase in range compared to the previous model, along with a heat pump for improved efficiency.

– Charging capabilities have also been enhanced, with the new model capable of charging at 22 kW AC, reducing the full charging time to six hours, and supporting DC fast-charging up to 180 kW for a 10 to 80% charge in approximately 28 minutes.

– Ford plans to launch the extended range E-Transit in 19 model variants, with various body styles and payload capacities ranging from 3,500 kg to 4,250 kg, ensuring flexibility for commercial customers.

– The E-Transit continues to offer a choice of 135 or 198 kW motor options, maintaining its versatility for different customer needs.

– The extended range E-Transit aims to attract a broader customer base, with Ford Pro emphasizing the importance of high-productivity electric fleets and providing a wide range of solutions for fleet operators.

– Ford Otosan in Turkey is the production hub for the E-Transit, offering flexibility in production to address varying customer demands for electric vans in Europe.

https://www.electrive.com/2024/04/23/ford-gives-e-transit-larger-battery-for-400-kilometres-range/

Samsung SDI Unveils Advanced EV Technologies at Seoul Symposium

– Samsung SDI presents innovative technologies at EVS37 in Seoul, including solid-state batteries and rapid charging systems.

– The EVS37 event, held in COEX Seoul, showcases Samsung SDI’s cutting-edge solutions for electric mobility.

– Samsung SDI highlights their all-solid-state batteries known for high energy density and low fire risk, aiming for mass production by 2027.

– The company also introduces an ultrafast charging system capable of charging batteries to 80% in just nine minutes with plans for commercial-scale production by 2026.

– Samsung SDI sets a goal to produce batteries with a lifespan of 20 years by 2029, emphasizing industry-leading innovations in EV technology.

– CEO of Samsung SDI, Choi Yoon-ho, affirms the company’s commitment to pioneering the global EV market with their advanced technologies.

https://koreajoongangdaily.joins.com/news/2024-04-23/business/industry/Samsung-SDI-unveils-cutting-edge-tech-at-EV-symposium-in-Seoul/2031762

Rivian’s $5,000 ‘Electric Upgrade’ Discount Targets Gas-Powered Ford and Toyota Vehicles

– Rivian is offering discounts up to $5,000 on its electric vehicles along with a year of free charging for customers willing to exchange their gas-powered trucks and SUVs.

– The promotion, starting on April 22, is focused on popular models like the Ford F-150, Toyota Tacoma, and Jeep Wrangler, offering price cuts ranging from $1,000 to $5,000 based on the specific vehicle model.

– The “electric upgrade offer” includes discounts on three R1T pickup truck trims and one R1S SUV model, aiming to attract new customers amidst a softened demand for premium EVs in the industry.

– Eligible trade-in vehicles include select Ford and Toyota models from 2018 or newer, as well as certain Jeep, Audi, and BMW vehicles.

– Customers interested in leasing or purchasing a Rivian vehicle must take delivery by June 30 to avail of the discount and complimentary year of charging at Rivian-owned stations across the United States.

– Rivian’s charging network, the Rivian Adventure Network, currently features 433 fast-chargers at 71 stations in various states, complemented by 482 Level 2 chargers (Waypoints) at 180 live sites nationwide.

https://techcrunch.com/2024/04/22/rivian-targets-gas-powered-ford-and-toyota-trucks-and-suvs-with-5000-electric-upgrade-discount/

Tesla’s US Marketing Team Impacted by Layoffs

– Tesla’s US marketing team, including the Design Studio in Hawthorne, CA, has been affected by recent layoffs, as part of a move to streamline operations.

– The “growth content” team, led by senior manager Alex Ingram, consisting of about 40 workers, was reportedly impacted by the job cuts.

– Elon Musk expressed dissatisfaction with the generic nature of Tesla’s previous advertisements, indicating a need for more distinct marketing strategies.

– Despite previous approval of advertising initiatives by Musk, Tesla underwent its largest layoff by volume, affecting over 10% of its workforce globally.

– Musk hinted at a need for reorganization and streamlining within Tesla, transitioning into a “wartime CEO” mode for the company’s upcoming projects like the Robotaxi unveiling.

– The recent restructuring efforts within Tesla have raised concerns about the impact on its marketing and design teams, particularly in the US.

https://www.teslarati.com/tesla-us-advertising-team-layoffs-report/

Tesla Leads in Lowest Maintenance and Repair Costs Among Auto Brands

– A recent study by Consumer Reports reveals that Tesla has the lowest maintenance and repair costs compared to other auto brands, attributing this to the fewer moving parts in electric vehicles.

– Consumer Reports’ 2023 Annual Auto Surveys, based on data from thousands of car owners in the US, confirms Tesla’s position with the lowest maintenance costs over the first five and ten years of ownership.

– Premium German automakers like Audi, BMW, Mercedes-Benz, and Porsche are noted as having the highest maintenance costs in comparison to Tesla.

– The data highlights Tesla’s unique approach of not mandating expensive maintenance programs that are common in other premium brands, contributing to its cost-effective ownership experience.

https://electrek.co/2024/04/22/tesla-lowest-maintenance-repair-cost-any-brand/

Tesla Celebrates 10 Years in China with Over 1.7 Million Local Owners

– Tesla commemorates a decade in China, boasting 1.7 million local owners, as stated on Weibo.

– Initially delivering Model S to notable figures such as Lei Jun and Li Xiang in 2014, Tesla now serves a vast Chinese clientele.

– China accounts for over 20 million new energy vehicle (NEV) owners, with Tesla’s global ownership surpassing 6 million.

– The Shanghai factory, operational since late 2019, marks Tesla’s first wholly foreign-owned auto manufacturing project in China.

– Giga Shanghai achieved a milestone with its one millionth vehicle in August 2022, later reaching 2 million vehicles by September 2023.

– Tesla models remain popular in China, with the Model Y leading the way amid rising competition.

– Recent price cuts across Tesla’s model range in China, including the Model 3, Model Y, Model S, and Model X, aim to enhance market competitiveness.

– Tesla’s Shanghai factory currently boasts an annual production capacity exceeding 950,000 vehicles, the largest globally per the third-quarter financial report released in October 2023.

https://cnevpost.com/2024/04/22/tesla-10th-anniversary-in-china-1-7-million-owners/

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