Electric vehicles could take 33% of global sales by 2028-AlixPartners
EVs accounted for less than 8% of global sales last year.
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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 […]