Global Scans · Automotive · Weekly Summary

WHAT'S NEXT?: Automated vehicles could lead to a significant increase in vehicle-sharing and a significant reduction in the size of the global vehicle fleet, emissions, travel time, associated infrastructure and costs. By 2030, electric vehicles could represent about 30 percent of all new cars sold globally. Future connected car applications will drive a 150% increase in demand for contextual information between now and 2020.

• [New] Electric vehicle (EV) sales are expected to soar to around 17 million units in 2024, marking another year of robust growth in the automotive sector. EV Markets Reports
• [New] The APS takes into account the ambitions of the 18 European national governments who have signed the Global MOU on Zero-Emission Medium - and Heavy-Duty Vehicles, committing to reach 30% zero-emission HDV sales shares in 2030 and 100% in 2040. IEA
• [New] Over the past year, Canada and the United Kingdom implemented policies to increase zero-emission vehicle (ZEV) sales in 2030, targeting 60% and 80% of PLDVs, respectively. IEA
• [New] To meet a level of electric vehicle deployment in line with the pledges made by governments, charging networks need to grow sixfold by 2035. IEA
• [New] More manufacturers are setting up in the Southeast Asian nation, including China's BYD, which aims to build manufacturing facilities to produce 150,000 vehicles, and Vietnam's VinFast, which plans to have a capacity of 50,000 cars per year. MarketScreener
• [New] Chinese carmaker Chery said on Friday its newly-acquired Barcelona plant will be one of its main exporting facilities worldwide, aiming to produce 150,000 vehicles a year by 2029 as part of a joint venture with Spanish firm EV Motors. Yahoo Finance
• [New] In the coming years, solar panel installations are predicted to substantially increase in the United States to meet the soaring electricity demand, driven particularly by data centers, electric vehicles, and heating / cooling systems. KGI Research Singapore
• [New] The delay of Model 2 efforts creates the risk of no new vehicle in Tesla's consumer lineup for the foreseeable future, which would put continued downward pressure on its volume and pricing for many more years, requiring downward earnings estimate revisions for 2026+. Yahoo News
• [New] Aurora Labs has 3D printed a micro gas turbine that could be the center of a small propulsion system or power plant for unmanned aerial vehicles or instant power generation. AM Chronicle
• [New] The Security Credential Management System will allow industry to design connected vehicles while following harmonized standards between Canada and the United States, and reduce manufacturing costs. Transport Canada
• Zero-emission vehicles (ZEV) have the potential to significantly reduce Canada's greenhouse emissions and support Canada's transition to a low-carbon transportation system. Transport Canada
• NHTSA will monitor the deployment of hydrogen vehicles and how consumers are replacing parts of the fuel system. Justia Regulation Tracker
• Fleets switching to EVs could reduce 2.2 billion gallons of fuel from conventional vehicles while avoiding approximately 19 million metric tons of CO2 emissions over the next seven years. Fleet World
• In 2021, the Biden Administration and American automakers set an ambitious goal for electric vehicles (EVs): to make up 50% of new vehicle sales by 2030. GearIT
• Budget 2024 added a sixth new one - an EV Supply Chain Investment Tax Credit that will apply to vehicle assembly, battery production and cathode active material production. Public Policy Forum
• At Auto Guangzhou 2023 last November, GAC Group unveiled its intention to integrate all-solid-state batteries into vehicles by 2026. wapcar.my
• Chinese electric vehicles are an existential threat to the American auto industry. Auto Connected Car News
• Carmakers across the world fret that imports of cheap Chinese electric vehicles (EVs) will cripple their businesses. Council on Foreign Relations
• Fewer than 30% of Europeans say they plan to buy an electric vehicle (EV), according to the ACEA, and more than half refuse to pay more than 35,000 euros for a car, a price level offering few EVs. Tech Xplore
• The European Parliament voted in favour of a draft law that will reduce average carbon emissions of new heavy-duty vehicles by 45% as of 2030, 65% as of 2035 and 90% as of 2040. www.euractiv.com

Last updated: 27 April 2024