14 August 2023
14 August 2023
Our weekly review of the best features, interviews and news
Produced at the Alabama plant for sale in North America and in South Korea for other markets
Five seat, compact SUV based on the 2022 XFC Concept
Smart charging lets drivers charge during off-peak times
Top executives misled investors over projected revenue
VinFast looking for ‘something in return’ after building EV plant in US
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The global off-highway electric market is expected to grow at a CAGR of 17.4% by 2030, per GlobalData estimates. Despite the strong growth, high upfront costs may pose a challenge. Due to the high capacity of these vehicles, they consume large amounts of power from a number of battery packs installed on the vehicle, whose high cost in turn adds to the cost of the vehicle, thereby increasing the initial cost. However, governments worldwide are offering subsidies and tax exemptions in order to help customers to counter the initial purchase cost.
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