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Volkswagen committing $7.1B to boost product line-up, R&D, manufacturing in North America; targeting 55% BEV sales by 2030

Green Car Congress

Volkswagen also plans to upgrade its factories in Puebla and Silao, Mexico, for the assembly of electric vehicles and components (such as e-motors), by the middle of the decade. This approach reflects the company’s emphasis on American consumer demands, while scaling Volkswagen Group’s global vehicle platforms (MEB and future SSP).

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Get out of the way diesel! Toyota Prado petrol-electric hybrid SUV coming to Australia as soon as 2024

EV Central

Toyota Australia sales and marketing chief Sean Hanley told motoring media this week it can be expected on-sale here “sooner rather than later”. “We However, between the diesel and the hybrid there’s little doubt the re-designed Prado 250 will carry-on the 150’s dominance of the large SUV segment. 2024 Toyota Prado.

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Lucid CEO shares take on next-gen EVs: “The electric car of the future only needs 250 miles”

Teslarati

Lucid Motors made it a point to go above and beyond the industry standard when it released the Air, its first vehicle. Just recently, Lucid and Aston Martin signed a deal that would see the American automaker supply powertrain components to the British sports car company. We’re at 4.6

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Kia launching new diesel 48V mild-hybrid powertrain in 2018 on Sportage; more models to come

Green Car Congress

Kia Motors will introduce its first 48V diesel mild-hybrid powertrain in the second half of 2018. The roll-out of diesel mild-hybrid technology will contribute to the brand’s global efforts to improve whole-fleet fuel efficiency. Charge from the 48V battery helps to start the engine in most conditions.

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UK chooses to axe electric vehicle grant programs as popularity skyrockets

Teslarati

Effective immediately, the United Kingdom has announced it will no longer supply EV grants for most consumer purchases. However, with inflation and gas prices at record highs globally, this could affect quite a large group of consumers. The press release also highlights the DfT’s new focus on charging stations.

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Study Suggests Automakers Lose $6,000 On Each EV Sold

The Truth About Cars

Boston Consulting Group, an American-based global management consulting firm that issued the report, said the figure accounts for customer tax credits — painting a rather bleak picture for the future of EVs. Fresh EV registrations rose just 15 percent in January, according to data from S&P Global Mobility.

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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

The cost of battery packs has been a significant factor in the adoption of these technologies, and recent developments show that we’re moving in the right direction as prices drop. The Global Impact of Battery Cost Reduction The global significance of this cost reduction cannot be overstated.

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