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It is a legitimate fear. In Singapore, your carpark could be a lower floor of your government apartment. And EVs burn so hot that the next car is usually consumed given the distance that the average car park lots drawn up for ICE cars. I personally think that EVs on long term parking lots - when the owners are not waiting to charge and leave within 15 minutes should be bigger, be separated with fire proof walls, sited further away and have halon gas. Of course this is too expensive to implement - for the rare occasions, but with more EVs it may not be so rare. Is this a legit fear? Yes. And if it prevents people from buying an EV, it is also a relevant one. Tesla's problem is to think everyone wants to be an early adopter, I personally think that in 2024, Tesla will also drop off the radar in Singapore from the Top 10 list. The mass market is not sold on EVs let alone Tesla, and Tesla's design is boring and common. Even the latest models of BYD's styling looks better.

Chinese electric cars entering the UK market expected to ‘bring down prices for consumers’: New Chinese electric cars entering the market are “likely” … to be done to stimulate electric vehicle demand among private buyers where … #car #cars #awesome

👋 Big news in the UK electric vehicle (EV) market! The used electric car market in the UK has just surpassed £1 billion in value! 🚗💷 This milestone points to a booming sector driven by a surge in supply and falling prices. According to Marketcheck UK, over 37,000 used EVs are now available, up from just over 20,000 at the start of 2023. This increase stems from more returns from lease deals and fleet sales. What's causing this boom? High new EV registrations from the past few years are creating a ripple effect, leading to more options in the second-hand market. In 2023 alone, over 315,000 EVs were registered! With more choices than ever, buyers can now find affordable options that suit their needs, thanks to a combination of tax breaks and subsidies that have driven prices down. Top sellers in the market this year include the Tesla Model 3, leading with an 8.7% market share, and long-time favourites like the Nissan Leaf. It's clear that the transition to electric isn't just for new car buyers anymore - the used car market is catching up, and fast. I'd love to hear your thoughts on this! How do you feel about the growing availability and affordability of used EVs? Share your experiences or questions in the comments below. Let's spark a discussion around this exciting shift in the automotive landscape! ⚡️ https://lnkd.in/etMxsDyu #ElectricVehicles #SustainableTransport #EVMarket

It shouldn't be a surprise that Japan, South Korea, and the US lag in EV adoption. There are a lot of possible justifications laid out in this article, but the simplest explanation is usually the right one. VW and BMW are the only large incumbent carmakers that have really tried to pivot to EVs. That means Germany is running quickly. Every other large incumbent carmaker is in one of those laggard countries. There's a big center of gravity shift coming for cars in the next 5 years. https://lnkd.in/evp9jv8K

🚗📊 Current Car Market Analysis in Denmark 📊🚗   🔌 The demand for EVs is very High! Prices are rapidly dropping (up to 1% per week), with recent price reductions across various brands accelerating the downward trend. Will Tesla slash their prices again on Jan 13th? 🔍 We're actively seeking to purchase large volumes of electric cars. Please reach out to Jens. 📞Jens Brinch Olesen +45 77 77 77 95 / [email protected]   ⛽ Demand for Petrol/Diesel: The demand remains low due to the high luxury tax, posing challenges in local sales. However, these vehicles are in high demand among our international buyers, offering a potential opportunity. #ElectricVehicles #CarMarketAnalysis #EVs #PetrolCars #DieselCars #CarzelleInsights 🚗📈🔋

“So where is America’s $25,000 EV? In short, it’s coming soon. It may not seem that way at first glance: US vehicle prices in general have soared to around $47,000, on average, and prices for electric models are higher still. Even after price cuts, the country’s best-selling electric sedan, Tesla’s Model 3, starts at around $40,000. But with signs of slowing growth in the premium EV market, manufacturers have been working on a substantial pivot from luxury to practicality. The $25,000 economy electric car is the industry’s new target, and a number of models are set to hit the road within a year. Whether they can win over the next wave of American EV owners — and fend off Chinese imports currently held at bay by soon-to-be-102.5% tariffs — depends on how much range and how many features can be squeezed in.” #ElectricVehicles General Motors Tesla Ford Motor Company Stellantis

The automotive industry is navigating through a bumpy road 🛣️🚘, with electric vehicle (EV) demand hitting a surprising slowdown 📉⚡. Big names like General Motors and Tesla are reshuffling their decks 🔄, tweaking production plans to match this unexpected shift. The ripple effect is sending waves through the supplier network, especially among those crafting the heart of EVs - the batteries 🔋💔. China, the EV kingdom, is also feeling the pinch, with demand not living up to the hype 🇨🇳🚗. Over in Europe, the story's much the same, with Germany seeing a dip in EV sales 🇩🇪💸. Subsidies drying up and wallets tightening are part of the plot twist. But, the industry's eyes are still on the EV prize 🏆🌍, with plans to navigate through these choppy waters with a blend of ICE and EV magic 🌬️🔮. For a full scoop on the twists and turns of this EV saga, check out this story on Reuters 📰👀 https://lnkd.in/eAeexyBC

🚗 EU New Car Registrations Continue to Decline, Hybrids Overtake Petrol for the First Time 🚗 September 2024 saw another tough month for the EU car market, with new registrations falling by -6.1%, following an 18.3% drop in August. Major markets like France, Italy, and Germany faced declines, while Spain bucked the trend with a 6.3% rise. However, there’s a major milestone: **Hybrid vehicles surpassed petrol cars in market share for the first time**, claiming 32.8% of the market. Petrol cars dropped to 29.8%, with sales plummeting across key markets. 🔋 Battery-electric vehicles (BEVs) made up 17.3% of registrations, yet their year-to-date volumes are still down. Sue Robinson, CEO of the National Franchised Dealers Association (NFDA), emphasized the importance of sustained incentives for the EV transition, especially with growing uncertainty around electric vehicle policy across the EU. #Automotive #ElectricVehicles #HybridCars #NFDA #Sustainability #EU

The first month of the UK's ZEV mandate being in force saw 15% of the market go to pure electric cars. While that figure is some way below the target for each manufacturer to ensure that 22% of its sales are zero emissions over the course of this year, it does represent significant growth in EV sales. The impact of the ZEV mandate is clear when you delve into the data, though, with manufacturers such as Toyota seeing a huge jump in sales of EVs in the UK. If you want to get the full bulletin, go to https://lnkd.in/eJXCchsZ and you'll get a comprehensive guide to what January's data tells us as the UK enters this crucial next stage of its transition to electrified transport.

Armed with deep pockets and a passion for the environment, the first wave of EV buyers needed little convincing to make the switch. While the second wave is interested, they’re much more wary. Sensing this, automakers are now pivoting from luxury to practical and are racing to be the first offer up a $25,000 EV. But who will make it happen and when? Experts say “soon,” which is encouraging, but not all that finite. Many thought Tesla would achieve this feat early on, but Elon Musk remain characteristically coy on this. The most promising option, in my opinion, is the updated Chevy Bolt. It will be compatible with Tesla’s superchargers and will use low-cost lithium iron phosphate batteries. That last point is crucial. We know that the EV battery is the most expensive aspect of the vehicle. Once automakers determine how to manufacture a cheap and efficient battery, that’s when EV prices — across the board — will come down too. https://lnkd.in/eGYczzXA #tesla #EVprices #electricvehicles #electricvehicleprices #chevy #chevybolt