Europe is a big market hub for the automobile industry. Even though the population is far less than any region from Asia. The preference to live luxuriously is very much high demand in European countries. So which type of powertrain vehicles are in demand among European consumers? Well-developed high-tech countries with a balance to meet the need in an equal and justified manner for each … Continue reading Which type of powertrain vehicle is in demand among the consumers?

The present years are no doubt affected greatly by the pandemic. The production and also the purchasing scale have gone down. With lockdown on the rise, it is less likely to see roads with new futuristic vehicles. But what about the future of EVs? Can we say the demand will grow by 2030 for electric vehicles? As per a survey by the IHS Markit, the … Continue reading What is the future of the electric vehicle in 2030?

One of the major benefits bought by electric cars was the rechargeable batteries with fewer effects on the environment. However, the benefit soon turned out to be a major problem for the manufacture of the electric car due to the price of those rechargeable batteries. In 2013, the price of the electric battery was calculated to be 400 Euros/KWh. Even though the transport fuel was … Continue reading What is the market scenario of Lithium-ion batteries?

SAIC (Shanghai Automotive Industry Corporation), a Chinese state-owned multinational automotive manufacturing company. The company is also involved in the research and design of both passenger and commercial vehicles. The company is working on various collaborations to meet consumer needs. The company is headquartered in Shanghai, China. The company is listed as one of the 100 Fortune Global companies. With the largest auto productions in 2014, … Continue reading What is the market value of SAIC?

Build Your Dreams, BYD Auto manufacturer is an electric vehicle and rechargeable, battery manufacturer. The company was headquartered in China. The company was founded in 1995. The annual revenue is $29 Billion. The top competitors for BYD car companies are: – XPENG- Guangzhou Xiaopeng Motors Technology Co Ltd is a Chinese electric vehicle manufacturer. Its latest model XPeng G3 is an electric company SUV. The … Continue reading What is the market value of BYD car manufacturers?

Well, the name says it all!! The pioneering automaker in the electric vehicles segment. Tesla was established in 2003. It is an American-based company. The focus is the production of electric vehicles for generating clean energy and storage products. Tesla is also the holder of the first production of the first sedan with electric technology. The top competitors of Tesla Inc are: – Nissan- In … Continue reading What is the market value of Tesla?

The global market size for electric vehicles in 2019 was around 115 billion US dollars. Whereas in the near future, by 2026, the global market size is going to increase 5 times higher than the current market net worth. The forecasted revenue for electric vehicles in 2026 is going to be 567.2 billion US dollars. So what do you think about the net worth of … Continue reading What will be the global net worth of electric batteries?

The global market sales for plug-in hybrid EVs in 2019 are estimated to be 568.26 thousand units. The market is growing steadily. In the next survey, the worldwide sales for plug-in hybrid EVs are shown in thousands of units. Tesla is the pioneer in EVs, leading the market. Its undoubtedly worth watching the growth from China, BYD, BAIC, and SAIC, being in the top 5 … Continue reading What is the global market worth for plug-in hybrid EVs?

The global market value of plug-in EVs across the world touched the sales in million units. The market is not stagnant but with every year, the rise is steady with unlimited possibilities. The figure below shows the global sales of plug-in electric vehicles:- In the next survey by Statista, the market share for battery EVs and Plug-in hybrid EVs for the selected market is represented: … Continue reading What is the scenario of plug-in EVs compared to battery electric vehicles?

The Philippines like the rest of the world is committed to an eco-friendly lifestyle. The government of the Philippines is focusing on the number of ways to reduce air pollution at any cost. No doubt pandemic was a hard-hit fall on the economic scenario but showed several ways to reduce air pollution. Work from home schemes is not just temporary. The Philippines are looking forward … Continue reading Are electric vehicles in demand in the Philippines?