China’s Geely Automobile Holdings Ltd aims to increase the proportion of electric vehicles (EVs) in its total sales to 50% in 2023, as it accelerates a transition to electric power amid weakening demand for petrol-driven cars. Sales of pure electric and plug-in hybrids will already account for more than 30% of Geely‘s monthly sales in the second half… Continue reading China’s Geely wants half its vehicle sales to be electric in 2023, says CEO
Tag: Volvo
Study Finds That Buttons in Cars Are Safer and Quicker to Use Than Touchscreens
Turns out slapping a giant iPad on the dash isn’t ideal to control your car. Button Pusher Many automakers are getting rid of good ol’ fashioned buttons and switches these days, in favor of touchscreen infotainment systems. Now, new evidence shows those touchscreens are far less safe and efficient than the old school alternative, according… Continue reading Study Finds That Buttons in Cars Are Safer and Quicker to Use Than Touchscreens
These electric vehicles qualify for $7,500 tax credit under Inflation Reduction Act
On Tuesday, President Joe Biden signed the Inflation Reduction Act, a major climate bill that aims to curb inflation while advancing clean energy solutions. The new law changes which electric vehicles will qualify for the Clean Vehicle Credit; now, only electric vehicles with final assembly in North America will qualify for the $7,500 tax credit. Manufacturers that have reached… Continue reading These electric vehicles qualify for $7,500 tax credit under Inflation Reduction Act
Bus operators seek easy financing as demand rebounds
Private bus operators are beginning to feel relieved as business is picking up as the Covid situation has improved considerably. However, all hasn’t been smooth sailing especially for most of the operators who took loans from banks and financial institutions. Many operators experienced financial crisis due to business coming to a grinding halt during the government… Continue reading Bus operators seek easy financing as demand rebounds
Sona Comstar partners Israel’s Drive to accelerate high-tech innovation
India’s Sona Comstar has partnered with Drive TLV, an Israel-based innovation hub focused on smart mobility solutions. The partnership with DRIVE will give Sona Comstar access to Israel’s hi-tech mobility start-up ecosystem. With this move, Sona Comstar joins a select group of Drive TLV’s automotive partners, which includes Volvo Cars, Volvo Group, Honda Xcelerator and… Continue reading Sona Comstar partners Israel’s Drive to accelerate high-tech innovation
Autocar magazine 17 August 2022: on sale now
Leading this week’s drives is the Ruf 3.4 RSR, an homage to the most desirable classic Porsche 911 of them all. More than a decade in the making, does it live up to the original, and does it justify its £500k price tag? Elsewhere, the Bentley Flying Spur Hybrid undertakes our road test to see… Continue reading Autocar magazine 17 August 2022: on sale now
Biden admin says about 20 models will still qualify for EV tax credits
The Inflation Reduction Act, which President Joe Biden signed into law Tuesday, says that if automakers want their electric vehicles to be eligible for tax credits, they’ll need to have final assembly in North America. The law, which takes effect immediately, ends credits for about 70% of the 72 models that were previously eligible, according… Continue reading Biden admin says about 20 models will still qualify for EV tax credits
You Can Now Buy Polestar’s Roadster—Minus the Drone
Earlier this year, Polestar revealed something of a flight of fancy by taking the covers off an all-electric roadster with a convertible hard-top roof that looked more than a little sporty. This concept, dubbed the O2 when it debuted in March, was entirely plausible, as it was coming from the sister brand of Volvo that… Continue reading You Can Now Buy Polestar’s Roadster—Minus the Drone
Transport Services Global Market to Reach $10.39 Trillion by 2026
DUBLIN, Aug. 16, 2022 /PRNewswire/ — The “Transport Services Global Market Report 2022: By Purpose, By Destination, By End-Use Industry” report has been added to ResearchAndMarkets.com’s offering. The global transport services market is expected to grow from $6,559.71 billion in 2021 to $7,210.41 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%.… Continue reading Transport Services Global Market to Reach $10.39 Trillion by 2026
Polestar’s O2 concept will become the Polestar 6 electric roadster, due out 2026
Polestar announced that its O2 electric roadster concept has graduated to a production model as the Polestar 6, with assembly expected to kick off in 2026. The O2, which was first unveiled earlier this year, was originally designed to showcase the automaker’s bonded aluminum platform, which Polestar produces in-house, as well as some quirkier features… Continue reading Polestar’s O2 concept will become the Polestar 6 electric roadster, due out 2026