Global EV Sales Expected to Triple in 2024
Americans are expected to buy close to 1.3 million electric vehicles this year, or 10% of global sales.
Kelley Blue Book: Americans Bought Nearly 1.2 Million EVs in 2023
EVs represent the fastest-growing car sales category, holding a 7.6% share of the total U.S. vehicle market in 2023, Kelly Blue Book reports.
LG Opens First EV Charger Factory in Texas
The Fort Worth factory is currently assembling Level 2 AC chargers with variable current settings for up to 11kW output power.
Biden Administration Grants $623M for US EV Charging Network
The plan includes the installation of at least 500,000 public chargers by 2030.
BorgWarner Announces New JV in Chinese Commercial EV Market
A joint venture with Shaanxi Fast Auto Drive Group will develop a high-voltage inverter for commercial vehicles.
XING Mobility Debuts Next-Gen Immersion Cooling Battery
Coinciding with its CES debut, XING Mobility is expanding into the American market and actively seeking partnerships with US dealers.
China’s BYD Overtakes Tesla in EV Sales in Final Months of 2023
Both BYD and Tesla reported record sales of EVs in the last three months of 2023.
Hyundai Breaks Ground on New EV Production Plant
The new EV-dedicated plant will be the hub for Hyundai’s EV mobility production.
EV Charging Challenges
Charging will get better as technology improves and drivers change their behaviors.
Canada Announces New EV Availability Standard
The Canadian government has committed $1.2 billion to establish 84.5K chargers by 2029.
CRP Automotive Introduces Pentosin Tesla EV Fluid Program
Fluids won Import Vehicle Community’s “Best Functional Fluid” award at AAPEX.
Hyundai Breaks Ground on New EV Production Plant in South Korea
Hyundai’s new EV plant prioritizes employee comfort, becoming the hub for EV mobility.
