EV industry news updates

It is understandable that the departure from the fossil-based economic system cannot be achieved overnight and is a task that spans generations, given the enormous challenges that this major transformation entails. But precisely because of the sheer size of this transformative process, there is always the danger that decision-makers in politics and industry will be content to take small...

Over 100 different pure electric (BEV) models have entered Europe's most Northern market over the past decade, contributing to nearly every fifth car on Norway's roads today (15.9% BEV parc January 1, 2022) motoring along silently. The half millionth model will enter the 2.9m car market during this year's second quarter.

Despite Western Europe's pure electric passenger car market falling on unpredicted times with hurricane headwinds coming in the form of the continued semi-conductor shortage, the Ukrainian wire harness impact, raw material price concerns, and covid shutdowns in China, BEV volumes across the monitored 18 market region achieved the third-best quarter on record. The other two quarters with higher volumes...

Following on from Covid shutdowns in 2020, the resulting semiconductor shortages in 2021 and now the war in Europe and raw material and fuel price rises as well as wire harness stoppage multipliers, the European auto industry now requires both a plan B, C and not forgetting D.