02 November 2023
02 November 2023
Despite Light Vehicle sales declining YoY in the first nine months of 2023, there is still cause for optimism in the long term.
India's vehicle market has continued to grow above expectations this year and GlobalData has again raised its forecasts
China revenue stream hit by stronger US dollar versus the Chinese yuan
SMMT says connected and automated mobility revolution is set to deliver huge economic benefits by 2040
Study by Polestar suggests it is reducing carbon footprints in manufacturing and wants customers to know by how much
The pivot towards e-mobility continues for Mahle
Luc Donckerwolke to be appointed Chief Design Officer
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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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