03 November 2023
03 November 2023
The strategy employed for the 7 Series’ electric variant is now in play for BMW’s new G60 sedan: pricing for the i5 EV can stretch to more than £100,000.
Volume rebound effect is being boosted by a healthy mix of higher margin cars
An intriguing partnership between what was SsangYong and BYD
Key points from Q3 2023 Shipments and Revenues presentation
Three-way partnership offers incentives for drivers
Chairman cites slow demand; Czech officials say they cannot wait
Automakers are increasingly looking at domestic use synergies in future EV charging set-ups
Incentives aimed at boosting local market to make the sector more attractive for FDI
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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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