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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 ...
Even though the shares of US car retailers rose this September, analysts predict that longer-term concerns over the threat of eccomerce and weak demand in the sector remain. O’Reilly Automotive rose on Monday, up 2.7 per cent to $215.15. It outperformed the broad S&P 500 index which weakened 0.2 per cent to 2,496. The Dow Jones Industrial Average also traded down 0.2 per cent at 22,296 on Monday in New York, while the Nasdaq Composite shed 0.9 per cent to 6,370. Genuine Parts, which distributes replacement car parts, saw the biggest gains of any stock in the S&P 500 on Monday, ri...
We’ve been waiting for something to change dramatically the automotive industry, just like the iPhone did to the mobile industry 10 years ago, and that one thing that could make it all different is the electrification of cars. The rise of Tesla and its rivals could be boosted by complementary services from Uber and Alphabet's Waymo unit, just as the iPhone rode the app economy and fast mobile internet to decimate mobile phone giants like Nokia. The culmination of these technologies — autonomous electric cars available on demand — could transform how people travel and...
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...
