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BloombergNEF shares its 2024 Electric Vehicle Outlook

Teslarati

The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term. “Electric vehicles are no longer only a wealthy country phenomenon. .

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BYD would still have the cheapest EV in the US, even with a 100% tariff

Baua Electric

Even with the new 100% tariff on electric vehicles imported from China, BYD would still have the cheapest EV in the US. According to a new report, BYD’s lowest-priced EV would still undercut all US automakers at under $25,000. BYD’s cheapest electric car, the Seagull EV , starts at under $10,000 (69,800 yuan) in China.

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Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

More than 1 in 5 cars sold globally this year is expected to be electric, with surging demand projected over the next decade, says a new International Energy Agency (IEA) report. The number of EVs sold globally in Q1 2024 is roughly equivalent to that in all of 2020. In the US, roughly 1 in 9 cars sold are projected to be electric.

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BYD EV sales grew nearly 50% in January as exports reached a new high

Baua Electric

BYD EV sales momentum continues in January BYD sold 105,304 fully electric cars last month, up 48% from the 71,338 handed over last year. Interestingly, BYD’s all-electric vehicles are beginning to outpace its plug-in hybrids (PHEVs). Instead, BYD and Tesla need to work together “to increase the new energy vehicle ‘cake.’”

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Vinfast VF 8 dominates ASEAN NCAP Grand Prix Awards | Autocar Professional

Baua Electric

VinFast’s D-segment SUV, the VF 8, has earned five out of six top safety awards from the New Car Assessment Program for Southeast Asia (ASEAN NCAP) in Thailand on May 28, 2024. Facing competition from over 15 major automakers in ASEAN, VinFast secured accolades in nearly all categories.

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Toyota chief cites “silent majority” as argument against an EV-only future

Teslarati

The transition to the electric vehicle age appears to be all but certain with the success of Tesla, but veteran automaker Toyota is still not fully convinced that EVs are the only way forward. The strong demand for electric cars has also resulted in EV prices rising this year. .

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Using the PHEV (Plug-In Hybrid Electric Vehicle) to Transition Society Seamlessly and Profitably From Fossil Fuel to 100% Renewable Energy

Green Car Congress

The PHEV (Plug-in Hybrid Electric Vehicle), a subset of the electric car, combines a primary electric motor with a much smaller back-up engine fueled with a hydrocarbon/biofuel mix. (In In this paper PHEV refers solely to the long-range PHEV of 60 miles (100 km) electric-only range.) It is much more than that.

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