11 October 2023
11 October 2023
Bouyant hybrid sales form a major challenge to growing the small BEV share in Japan
Details of interested parties have not been released
UK-based start-up expects production to start in 2024
Percentage of recycled steel will nearly double
£89m in fresh funding has been made available to strengthen the UK’s EV vehicle technology with Aston Martin and Yasa amongst recipients.
To increase Exter production from 6,000 to 8,000 units per month
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The global off-highway electric market is expected to grow at a CAGR of 17.4% by 2030, per GlobalData. 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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