Hope your 4th of July was fully charged! Time to recharge for the weekend with some electric vehicle news. Buckle up and get ready to coast into the weekend. ⚡Nayax's EV CloudPay is a cloud-based payment processing solution designed to simplify the payment experience for drivers at EV charging stations by allowing them to pay with various cashless methods via a centralized kiosk. ⚡Martin Brower is expanding its use of Volvo Trucks VNR Electric trucks for deliveries to McDonald's in the greater Montreal and Toronto areas, adding ten more vehicles to its fleet, which follows a successful trial of the first zero-emission tractor in 2022. ⚡General Motors is giving grants to Goodwill Industries International to expand its clean energy and skilled trades training programs across the US. In the second quarter of 2024, Tesla produced approximately 411,000 vehicles, delivered approximately 444,000 vehicles, and deployed a record 9.4 GWh of energy storage products. ⚡In the second quarter of 2024, General Motors delivered 696,086 vehicles in the U.S., up 0.6% year-over-year, highlighting their growing success in the EV market with 21,930 EV deliveries, up 34% over Q1. ⚡In the first half of 2024, Kia America achieved its highest first-half EV sales with 29,392 total EVs sold, marking a 112% year-over-year growth, and sold more than 5,000 all-electric vehicles for the third consecutive month. For more EV stories, subscribe to Mobility EVo for EV news. 𝐓𝐮𝐞𝐬𝐝𝐚𝐲 𝐍𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫 https://lnkd.in/gheh7B6h 𝐓𝐡𝐮𝐫𝐬𝐝𝐚𝐲 𝐍𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫 https://lnkd.in/gvQsJPr5 Have a great weekend! #evnews #electric #ev
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Automotive News: Consumer EV interest continues to shrink The share of consumers who said they are very unlikely to consider an EV or who dislike EVs rose to nearly a quarter in surveys by Edmunds and J.D. Power. Despite the dozens of new electric vehicles automakers plan to roll out over the next few years, the percentage of consumers considering an EV is shrinking, according to two new surveys. Continue reading: https://lnkd.in/gs8yiyz5 #manufacturing #industrialmetalnews #copperprices #metalprices #renewables
Consumer EV interest continues to shrink
autonews.com
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⚡ Exploring the Leading EV Companies of 2023? Having previously highlighted the top 10 EV charging companies and charging point operators (CPOs) in Europe, our attention now turns to prominent EV companies within the three major global markets: the US, Europe, and China. 🔌 Take a look! For further insights, delve into the details here. 👉 https://lnkd.in/dv3_CUYS Tesla, Ford Motor Company, Chevrolet, Kia America, Hyundai Motor Company (현대자동차), Opel, BMW UK, BYD, SAIC General Motors, GEELY were featured in the list, and you can read more about why! #EV #evcompanies #evcompany #electricvehicle #europe #china #USA
2023 Top 5 Hottest EV Companies
statzon.com
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Mazda Doubles Down on Electric Vehicles with $11 Billion Investment and Ambitious Sales Target Mazda, a brand known for its sporty and fuel-efficient vehicles, is making a significant push towards electrification. After facing criticism for its slow adoption of electric vehicles (EVs), the Japanese automaker has announced a bold plan to accelerate its transition to EVs, backed by a substantial investment of $11 billion (1.5 trillion yen). Raising the Bar: 40% EV Sales by 2030 Mazda has set an ambitious target of achieving 40% of its global sales from electric vehicles by 2030. This goal represents a significant increase from the company's previous projections and underscores its commitment to embracing the rapidly growing EV market. To achieve this objective, Mazda plans to invest heavily in its electric vehicle supply chain and production capabilities. The $11 billion investment will be allocated towards developing new EV models, expanding manufacturing facilities, and securing a reliable supply of batteries and other critical components. Seeking Partnerships for Collaborative Innovation Recognizing the challenges and complexities of the EV transition, Mazda plans to leverage strategic partnerships to accelerate its progress. The company has stated its intention to "co-create with others," indicating a willingness to collaborate with industry leaders and leverage their expertise and resources. This collaborative approach aligns with Mazda's philosophy of "co-creating" innovative solutions with its partners, suppliers, and customers. By tapping into the collective knowledge and capabilities of the industry, Mazda aims to overcome technological hurdles and bring cutting-edge EVs to market more efficiently. Addressing Past Missteps and Embracing the Future Mazda's renewed focus on EVs comes after a disappointing introduction to the EV market. The company's first EV model, the MX-30, faced criticism for its limited range and availability, with reports of the model being completely sold out in the United States. However, Mazda is determined to learn from its past missteps and position itself as a formidable player in the EV space. The company's management plan includes several key initiatives, such as developing dedicated EV platforms, expanding its EV lineup, and exploring new technologies like solid-state batteries. As the race to claim EV market share intensifies, Mazda's $11 billion investment and ambitious sales target demonstrate its commitment to staying competitive and meeting the growing demand for sustainable transportation solutions.
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Are Americans ready to switch to electric vehicles? The latest quarterly EV sales figures raise some doubts. EV sales got off to a slow start in 2024, with some automakers — namely EV pioneer Tesla — seeing their sales momentum reverse. According to data from Cox Automotive Inc., new plug-in vehicle sales increased about 3% year over year during the first three months of this year—a far cry from the 47% growth the sector saw during the same time last year. However, there’s one segment of the EV market that continues to accelerate. Used EV sales in January increased nearly 70% compared to the same month last year, according to the data. https://lnkd.in/egTsM_Ym
Sales of electric vehicles hit crossroads, while used EVs have open road for growth
ajc.com
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Advisor to Manufacturing Executives | Future of Industrial Work, EHS, and Sustainability Research Analyst
Toyota Motor Corporation has big news around EV battery technology, taking the next big step into the hot and trendy new market. Some may say this is a lagging play, but it makes good use of market learnings and timing could be advantageous. I've shared my thoughts about the politics of #sustainability and EV viability..... 🔹 Tax credits to purchase electric vehicles and energy-efficient appliances with inadequate electric grids and EV charging stations 🔹 Tesla, Ford Motor Company, and General Motors partnership announcements (Tesla could see ~$3B by 2030 from these deals alone) 🔹 White House targets for 80% renewable energy generation by 2030 and 100% carbon-free electricity by 2035 EV is starting to get more attention. Dare I say more "mainstream" in smaller pockets? Could Toyota potentially leapfrog the competition given their approach? With the latest EV plot twist, my LNS Research brain zoomed in on these keywords: "simplified production processes," "popularized batteries," and "game-changing technology". https://lnkd.in/e8V7sPH9 We are still early in the game, and personally, my thoughts are Toyota is looking pretty good.... 💹 2030 plans are $6.8B in sales and 3.5M EVs (2% of sales today) 💹 Strong Industrial Transformation #IX focus across manufacturing facilities 💹 R&D investments unveil technology offering ~900 miles of driving 💹 >30% of sales across the portfolio (Lexus, Prius, etc) are conventional hybrids 💹 24% DENSO ownership, the biggest producer of motor generators, battery-monitoring systems, and more to Honda, Ford, Toyota.... #industry40 #ESG #Manufacturing Matthew Littlefield Bob Francis Vivek Murugesan Niels Erik Andersen James Wells
Toyota is planning a new EV with a 900-mile range and 10-minute charging time: ‘The holy grail of battery vehicles’
news.yahoo.com
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Fleet Electrification Plans Hit a Speed Bump: Are EVs Slowing Down? Read the article -https://lnkd.in/gcNA7QkZ Written by Sean M. Lyden Last year's electric vehicle buzz might be quieter this year at the NTEA Work Truck Week. While EV sales were booming in 2023, recent news suggests a slowdown. The good news: EV sales surged in 2023, reaching 17.9% of light-duty vehicles sold. New models flooded the market, with 20 EVs launched. Battery prices dropped significantly, making EVs more affordable. But here's the shift: EV growth has slowed, jeopardizing zero-emission goals. Major manufacturers are facing setbacks: Ford cut F-150 Lightning production due to lower sales. GM is prioritizing plug-in hybrids over some EVs due to losses and battery issues. Is the EV revolution stalling? Stay tuned for updates on the industry's ability to adapt and meet future emission mandates. #FleetEV #ElectricVehicles #RealityCheck
Fleet Electrification Plans Face Reality Check Amid EV Slowdown - Utility Fleet Professional
https://utilityfleetprofessional.com
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Alliance for Automotive Innovation Unveils Soaring Growth in U.S. Electric Vehicle Market In a groundbreaking revelation, the Alliance for Automotive Innovation has published its comprehensive analysis of the U.S. electric vehicle (EV) market for the third quarter of 2023. The Get Connected Electric Vehicle Report delves into the dynamic landscape of EV sales and purchasing patterns across all 50 states. Rise in EV Models and Sales The report showcases a significant expansion in the variety of electric vehicles available in the U.S., with a total of 111 models, including cars, utility vehicles, pickup trucks, and vans, hitting the market in Q3 2023. Light trucks notably represented a substantial 74 percent of the […] - https://lnkd.in/d_MFc4ku #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #2023 #electricvehicles #emobility #ev #evchargingstation #northamerica #report #u.s.electricvehiclemarket
Alliance for Automotive Innovation Unveils Soaring Growth in U.S. Electric Vehicle Market
http://emobilityplus.com
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Mazda Doubles Down on Electric Vehicles with $11 Billion Investment and Ambitious Sales Target Mazda, a brand known for its sporty and fuel-efficient vehicles, is making a significant push towards electrification. After facing criticism for its slow adoption of electric vehicles (EVs), the Japanese automaker has announced a bold plan to accelerate its transition to EVs, backed by a substantial investment of $11 billion (1.5 trillion yen). Raising the Bar: 40% EV Sales by 2030 Mazda has set an ambitious target of achieving 40% of its global sales from electric vehicles by 2030. This goal represents a significant increase from the company's previous projections and underscores its commitment to embracing the rapidly growing EV market. To achieve this objective, Mazda plans to invest heavily in its electric vehicle supply chain and production capabilities. The $11 billion investment will be allocated towards developing new EV models, expanding manufacturing facilities, and securing a reliable supply of batteries and other critical components. Seeking Partnerships for Collaborative Innovation Recognizing the challenges and complexities of the EV transition, Mazda plans to leverage strategic partnerships to accelerate its progress. The company has stated its intention to "co-create with others," indicating a willingness to collaborate with industry leaders and leverage their expertise and resources. This collaborative approach aligns with Mazda's philosophy of "co-creating" innovative solutions with its partners, suppliers, and customers. By tapping into the collective knowledge and capabilities of the industry, Mazda aims to overcome technological hurdles and bring cutting-edge EVs to market more efficiently. Addressing Past Missteps and Embracing the Future Mazda's renewed focus on EVs comes after a disappointing introduction to the EV market. The company's first EV model, the MX-30, faced criticism for its limited range and availability, with reports of the model being completely sold out in the United States. However, Mazda is determined to learn from its past missteps and position itself as a formidable player in the EV space. The company's management plan includes several key initiatives, such as developing dedicated EV platforms, expanding its EV lineup, and exploring new technologies like solid-state batteries. As the race to claim EV market share intensifies, Mazda's $11 billion investment and ambitious sales target demonstrate its commitment to staying competitive and meeting the growing demand for sustainable transportation solutions.
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Executive Director (ESI), Dean's Chair (Mechanical Engineering), Founder (CoolestDC), PhD, FASME, FEI, FIES
Visualized: EV Market Share in the U.S. Summary: The article discusses the market share of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) in the United States. Despite a growing interest in EVs, their market share remains relatively small. In 2022, out of 281 million light-duty vehicles registered in the U.S., only 1.2% were EVs and PHEVs. The data used for this analysis distinguishes between vehicle registrations and sales, with registrations including both new and used cars that are registered with state Departments of Motor Vehicles. This approach offers a more comprehensive view of the types of vehicles on the roads. The breakdown is as follows: Gasoline vehicles, including diesel, E85 flex fuel, and traditional hybrids, accounted for 98.0% of registrations, while EVs and PHEVs made up 1.2%, and alternative fuel vehicles, including biodiesel, natural gas, propane, and hydrogen, comprised 0.9%. EV adoption in the U.S. has been slow compared to the EU and China, but this is changing as more electric SUVs and trucks become available. According to Cox Automotive, U.S. EV sales in Q2 2023 hit a record of 300,000 units, a 48% increase from Q2 2022. In 2022, the total EV sales in the U.S. were 800,000, along with 190,000 PHEVs. #EVMarketShare #ElectricVehicles #USVehicleRegistrations #SustainableTransport #ElectricCars #PlugInHybrids #AutomotiveTrends #EcoFriendlyDriving #AlternativeFuels #EVAdoptionUSA
Visualized: EV Market Share in the U.S.
https://www.visualcapitalist.com
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#EVs have rapidly become a common sight on our streets. But these forecasts by RMI are worth pausing and thinking about for a second: EVs could be 86% of global auto sales by 2030! Closely related topics: how (un)prepared are grids around the world for this, and how much new #evcharging #infrastructure is required. “Electric vehicle battery costs should fall below $100/kWh by 2026, according to BloombergNEF’s 2022 Battery Price Survey… In addition, without the fuel or maintenance costs of ICE vehicles, EVs will also be cheaper to operate, which could further spur adoption. But EV sales have already experienced exponential growth, RMI says. In Norway, approximately 80% of all new cars sold last year were fully electric. Although EVs took roughly six years to get from 1% to 10% of global market share, it will take just six more years to reach 80% adoption… …Countries will need to upgrade their power grids, deploy widespread EV charging infrastructure, recycle batteries and solve a range of other complex challenges to support the EV transition… …According to RMI, most major automakers are committing 50%-70% of their capital expenditures and research and development budgets to EV development and digital technologies. They have largely stopped investing in ICE platforms.”
EVs could reach 86% of global vehicle sales by 2030: report
utilitydive.com
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