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Rising commitment from major automakers, rapid battery cost declines, strong policy support from state and local governments, and low operational costs have put electric vehicles on track to pass gasoline-powered vehicles. EV sales in U.S. have grown to an average of 32% annually from 2012-2016 and 45% over the year ending June 2017. Considering these advantages, automakers and investors face several big questions: How fast can we expect EVs to increase market share in the United States? What penetration will they achieve, by when? How will these outcomes be affected by ...
Honda Motor Co is supporting the increased production of its revamped 2018 Accord sedan model at its plant in Ohio, by investing $267million and adding 300 new jobs. Honda unveiled the newest-generation Accord in July, one of four re-engineered midsize sedans that Asian automakers are betting on to win market share as Detroit rivals shift focus to SUVs, crossovers and pickup trucks. The new Accord, like rival Toyota Motor Corp's all-new Camry, offers more horsepower, safety technology like standard collision-avoiding braking and better fuel economy although Honda did not release...
Volkswagen will launch a number of fully autonomous Level 5 electric cars, vans and trucks starting as early as 2021. In the near feature it will start testing them at its headquarters. The Sedric self-driving concept, which debuted in Geneva in March was only the beginning. Volkswagen’s team is already working on ideas for a whole Sedric family of fully autonomous vehicles for the city, for luxurious long-range mobility, through self-driving delivery vans and heavy commercial trucks. Developers also are working on concepts for a robotic sports car. VW's ambitious time fra...
Facebook, the world’s biggest social network doesn’t want to compete with automakers, at least that’s what Sheryl Sandberg, Facebook’s Chief Operating Officer says. She said it with charm and in a bit of a funny manner, mentioning that Facebook is the only company in Silicon Valley that’s not building cars. But Facebook is sponsoring a "new mobility world" at the Frankfurt show that brings together carmakers, tech companies and start-ups in areas such as autonomous driving and electric cars. Sandberg's visit to Germany comes after the coun...
Specialists have revealed a new analysis that suggests how doomed is the gasoline engine for the automotive industry. It seems like the gasoline engine is the “horse” of the new century, a bit too old and outdated, but still a method to ride to the place you need. Along with a spate of recent commitments to electric vehicles by governments and car companies, the study offers hope about the prospects for weaning the transportation sector off carbon. Of more than one billion registered vehicles on the road today, only two million are electric (with one million of thos...