NY state auto dealers driving EV infrastructure investments
A new study by the Greater New York Automobile Dealers Association (GNYADA) shows that local franchised new car dealers are driving the adoption of electric vehicles in towns and cities across metro New York. In the past twelve months alone they have installed nearly 300 new charging stations helping to create a unique local charging
Six key market factors for commercial truck EV adoption
The electric commercial vehicle (ECV) market, with a global forecast of 31.4% compound annual growth through 2030, poses a myriad of challenges and opportunities for commercial truck OEMs, dealers, upfitters and customers. To assist in navigating the complex issues they face, Mitsubishi HC Capital America says it has identified six market factors to consider in
EV battery design impacts choice of fire protection materials
IDTechEx has released a new report that analyses trends in battery design, safety regulations, and their impact on fire protection materials to create a market forecast of the next 10 years. The materials covered include ceramic blankets/sheets, mica, aerogels, coatings, encapsulants, encapsulating foams, compression pads, phase change materials, and several other materials. Variety in battery
Are EVs right for you? There’s a tool for that – with Geotab
Everyone is talking about EVs, so getting caught up in the hype is easy. The problem is, EVs aren’t yet suitable for every use case, and jumping into electrifying your fleet with eyes closed can have severe consequences. There’s so much to think about: What are your routes? What infrastructure do you need? How much
Are EVs right for you? There’s a tool for that – with Geotab
Everyone is talking about EVs, so getting caught up in the hype is easy. The problem is, EVs aren’t yet suitable for every use case, and jumping into electrifying your fleet with eyes closed can have severe consequences. There’s so much to think about: What are your routes? What infrastructure do you need? How much
All-electric vehicles make up 15% of Volvo Cars October sales
Volvo Cars reports having sold 54,317 cars in October, up 6.9% compared with the same month last year. The company’s line of Recharge models represented 36.8% of the sales last month, with fully electric vehicles accounting for 15% of total sales. Volvo Cars’ U.S. sales for the month reached 9,478, up 8.9% compared with October
EV sales hit new record in Q3 2022
Sales of electrified vehicles hit a record in Q3 2022, according to Kelley Blue Book. More than 200,000 electrified vehicles were sold in the three-month span of Q3 – a first – with the segment far outpacing the rest of the industry in terms of sales volumes and share growth. The high cost of EVs
Five technology trends that will define the future of EVs
IDTechEx reports five future technology trends that the group expects will be of high relevance in the EV market’s future. Advanced Li-ion battery cells & packs Advanced Li-ion refers to silicon and Li-metal anodes, solid-electrolytes, high-Ni cathodes and various cell design factors. Given the importance of the electric vehicle market, specifically battery electric cars, in
Consumer sentiment toward EVs continues to grow
A recent survey from TrueCar, Inc. indicates there is growth in consumer interest and willingness to consider an EV as their next vehicle purchase. Key indicators across the board show consumers are becoming more comfortable with EVs as a viable option, and that while fears regarding charging costs and range anxiety still exist, they are
Frost & Sullivan report EV market outlook for 2022
According to the “Global Electric Vehicles Outlook, 2022” report produced by Frost & Sullivan, of 6.7 million EV units sold in 2021, 70.7% were BEVs, and 29.1% were PHEVs. Global EV penetration increased from 4.4% in 2020 to 8.8% in 2021. The Asia-Pacific region recorded a 151.7% year-over-year growth. Tesla retained the leadership with sales
U.S. to see highest growth rates for Lithium-Ion batteries by 2026
According to new research from Interact Analysis, the demand for lithium-ion batteries is expected to rise to over 1.6TWh by 2026, up from 476GWh in 2021. Massive growth in both the battery and battery manufacturing equipment markets is driven largely by the electric vehicle boom, the company says. In 2021, the EV market accounted for
Worldwide off-highway EV industry expected to reach $42.7B by 2030
A recent report from Research and Markets shows the global off-highway electric vehicle market size is expected to reach $42.70 billion by 2030, registering a CAGR of 31.7% during the forecast period. The report indicates that stringent emission regulations by government agencies, such as emission standards for Greenhouse Gas emissions by the U.S. Environmental Protection Agency and
