Page 13 - Mark Wakefield News Today

If models running on fuel will be available that far into the future, but most of the investment is going into EVs, auto dealers will be selling some stale sets of wheels in the coming years.

BEVs are not yet being produced in sufficient volumes for economies of scale, Alix Partners managing director Mark Wakefield says.

Volkswagen Group unveiled its ID.AERO concept in China on Monday — slated to serve as the inspiration behind the automaker’s flagship EV, and first-ever global all-electric sedan, next year. A version of the Volkswagen ID.AERO concept will go into production for the Chinese market in the second half of 2023. The automaker hasn’t announced a […]

The significant improvement in the fuel economy of most internal-combustion vehicles, including pickups and large SUVs, means consumers aren't feeling the need to switch to smaller options.

EV sales could reach 33 percent globally by 2028, and 54 percent by 2035, according to global consultant AlixPartners

EVs accounted for less than 8% of global sales last year.

Currently, EVs account for a tiny portion of total automotive sales. However, the cleaner vehicles are expected to see a 53 per cent hike in sales by the year 2035.

A consulting firm is warning Wall Street that an expected growth in profits for the automotive industry in 2023 may not come to fruition even as volumes increase after an extended semiconductor shortage.

Toyota and Stellantis are the latest carmakers to have their manufacturing capacity impacted by component supply shortages as a new report warns that the crisis could continue into 2024.

As the global EV industry ramps up and crosses into the mass market, automakers must switch their focus from speed to cost, according to the AlixPartners 2022 Global Automotive Outlook released Wednesday. The world is continuing to electrify, with sales of battery-electric vehicles set to make up half the global vehicle market by 2035, the […]