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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