Wevolver’s Post

From the days when ICE cars saw minor updates every three years and major redesigns every five, we’ve shifted to an era where new EV models are released annually. The rapid evolution of electric vehicles is not only energizing the market, but also intensifying competition among manufacturers. EV manufacturers need to innovate more quickly than ever to stay competitive in a market that’s expected to grow rapidly. According to Grand View Research, the global electric powertrain market was valued at $83.30 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 15.3% through 2030. Check out the full article by RPWORLD here: https://lnkd.in/e79vZtt9

From the days when ICE cars saw minor updates every three years and major redesigns every five, we’ve shifted to an era where new EV models are released annually. The rapid evolution of electric vehicles is not only energizing the market, but also intensifying competition among manufacturers. EV manufacturers need to innovate more quickly than ever to stay competitive in a market that’s expected to grow rapidly. According to Grand View Research, the global electric powertrain market was valued at $83.30 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 15.3% through 2030.

From the days when ICE cars saw minor updates every three years and major redesigns every five, we’ve shifted to an era where new EV models are released annually. The rapid evolution of electric vehicles is not only energizing the market, but also intensifying competition among manufacturers. EV manufacturers need to innovate more quickly than ever to stay competitive in a market that’s expected to grow rapidly. According to Grand View Research, the global electric powertrain market was valued at $83.30 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 15.3% through 2030. Check out the full article by RPWORLD here: https://lnkd.in/e79vZtt9

Press update: Valeo support for 48-volt hybrid segment grows ⚙ Stop-Start 48-volt hybrid vehicle systems are increasingly common, and Valeo is urging garages to make sure they are up to date with this technology as the car parc shifts towards full electrification.  While 600 new EV models are set to join the market across Europe in 2025, hybrids still make up a significant proportion of the car parc. Figures published by the Society of Motor Manufacturers and Traders (SMMT) showed that 19.6% of new cars sold in the UK last year were mild hybrids, taking in both diesel and petrol variants. Full story in comments 👇

🚗 Driving the Future: The Role of Tires in Electric Vehicles 🔋 As electric vehicles (EVs) continue to gain traction globally, the demand for specialized #tires designed to meet the unique needs of EVs is on the rise. From enhanced durability to improved efficiency, EV tires are critical for maximizing performance and safety. Our latest report on the Electric Vehicle Tires Market dives deep into the evolving landscape of EV tire technology, exploring key trends, market drivers, and innovations shaping this growing industry. Whether you're in #automotive manufacturing, tire production, or #EVtechnology, this report offers valuable insights to keep you ahead of the curve. 🔍 Explore the full report to stay informed about the future of EV tires: https://lnkd.in/drRzMWY9 #ElectricVehicles #EVTires #AutomotiveInnovation #Sustainability #EVMarket #TireTechnology #Mobility #MarketTrends #BusinessGrowth

The Toyota Prius Transformed the Auto Industry https://lnkd.in/gzpWEnJr The first mass-produced hybrid EV is an IEEE milestone

How bumpy will the EV aftermarket be? 🚗⚡ Audi e-tron 50 quattro prices have dropped more than 50% 😥 The EV market is facing unexpected hurdles. Recent reports highlight significant challenges for both consumers and manufacturers: ⚡ More Problems: EVs experience nearly 80% more issues than gas-powered vehicles, mainly with batteries and charging systems. ⚡ Repair Struggles: Increased demand for EV repairs and maintenance is stressing the aftermarket. ⚡ Audi's Shift: Audi is considering halting Q8 e-tron production due to slow sales and manufacturing difficulties. ⚡ High Costs: The high prices of new EVs are deterring buyers. For example, a new Audi e-tron 50 quattro costs around 70k €, but a 2020 model with 66k km now sells for 28k € (net). These developments show the complex landscape of the EV market. As the industry evolves, manufacturers and service providers must adapt to meet changing consumer needs and overcome technological challenges. What are your thoughts on the future of EVs and the automotive aftermarket? How can the industry address these growing pains? #ElectricVehicles #AutomotiveIndustry #EVChallenges #FutureOfMobility P.S. If you found this post insightful, consider resharing. ♻️ Thank you!

Fascinating developments in the European automotive market!⚡️ Recent data indicates a noticeable dip in electric car sales across Europe, whilst sales of hybrid vehicles have witnessed a notable increase. This shift reflects evolving consumer preferences and underscores the dynamic nature of the eco-friendly transport sector. Explore the factors influencing these market trends and consider their implications for the future of the automotive industry. How might this affect policy and consumer choices in the years to come? Join the discussion and share your insights. #ElectricVehicles #Innovation #BatteryTechnology https://lnkd.in/eh7V2MyZ

Electric Vehicle Trends 2024: Boom or Bust Future for EVs 2024 With electric vehicle uptake continuing to be a hot topic for the automotive industry, we take a look at the latest Monthly Payment finance data to give our predictions on the trends we could see in 2024. https://lnkd.in/gC9PC3Gb

[🌟June 2024 Monthly Analysis of Passenger Car Electrification Market and Technology] From the perspective of single vehicle battery capacity from January to May 2024, due to the launch of new D-segment models like Li Auto's Mega and AITO M9, the battery capacity in these market segments has increased. There is an upward trend in battery capacity for segments like A-segment BEV and PHEV. The A-segment BEV segment is mainly influenced by the exemption from purchase tax (for vehicles with a range of ≥200 km), while the increase in PHEV battery capacity is driven by the trend towards long-range capabilities. #EV #EVmarket #marketreport #electrification #battery #evbattery