Electric Vehicle
EV traction inverter market surges 24% in Q2, led by hybrid vehicles
TrendForce’s report reveals a strong surge in global installations of EV traction inverters, reaching 6.45 million units in Q2 2024, marking a 24 percent...
Electric Vehicle
Volvo Cars revises 2030 EV goal and CO2 emissions target
Volvo Cars has adjusted its target for electrification by 2030, now aiming for 90 to 100 percent of its global sales to consist of...
Electric Vehicle
EV battery reuse market to reach $11.44 bn: What’s driving it?
The EV battery reuse market size is projected to reach $11.44 billion, growing at a CAGR of 46.6 percent from 2024 to 2032, led...
Electric Vehicle
BMW recalls electric Mini Cooper SE vehicles due to faulty battery
Automaker BMW has decided to recall electric Mini Cooper SE vehicles worldwide due to faulty battery.
The recall of Mini Cooper SE could potentially affect more...
Electric Vehicle
U.S. EV sales forecast lowered to 9% market share amid slower growth
U.S. electric vehicle (EV) sales are projected to capture just 9 percent of the market in 2024, a significant decrease from the previously forecasted...
Electric Vehicle
US announces $521 mn for expansion of EV charging infrastructure
The Biden-Harris Administration has unveiled a $521 million investment to enhance electric vehicle (EV) charging and alternative-fueling infrastructure across 29 states, two Federally Recognized...
Electric Vehicle
Hyundai targets 5.55 mn vehicle sales aiming at EV and hybrids push
Hyundai Motor has set its target of selling 5.55 million vehicles by 2030, aiming to register 30 percent growth from 2023 levels, as the...
Electric Vehicle
Samsung SDI and General Motors to build $3.5 bn EV Battery Factory in Indiana
South Korea’s Samsung SDI has finalized an agreement with General Motors (GM) to construct a joint electric vehicle (EV) battery factory in Indiana, USA....