UK car sales jumped 28% in January 2022, the biggest rebound in seven months thanks to rising demand for battery-powered vehicles.
According to the Society of Motor Manufacturers and Traders, one in five buyers opted for a car with a battery, with shipments of fully electric vehicles more than doubling and plug-in hybrids rising 47%. Globally, EV sales are continuing to rise in 2022 after more than tripling their market share between 2019 to 2021.
The companies say they plan to jointly operate the new facility, which will go live in 2026.
General Motors and Samsung SDI say 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. The plant will have more than 30 GWh of capacity and will bring GM's total U.S. battery cell capacity to about 160 GWh when it is at full production.
The technology found in electric and hybrid vehicles functions optimally in certain temperature windows, Liqui Moly says.
Bosch estimates EVs will account for around 70% of all newly registered passenger cars in Europe by 2030.
The company hopes that “Elysia” will allow OEMs to develop batteries that are lighter, cheaper and more sustainable.
Tesla says it plans to repair the vehicles via an over-the-air software update.
Since launching its first electric truck in 2019, Volvo Trucks says it has sold almost 5,000 electric trucks.
However, interest in purchasing an ICE vehicle is still high, as 34% of Americans said a practical vehicle appeals most.
Refinish time for EVs is nearly an hour more than for ICE automobiles, which adds to insurance claim costs.
EV drivers can potentially save a lot of money fueling up on the road – but it comes at the cost of time.
