What Changed In The Electric Vehicle Industry In Quarter 1, 2018?
What actually changed in the electric vehicle world in Q1 2018? Here’s our rundown:
What actually changed in the electric vehicle world in Q1 2018? Here’s our rundown:
The plan is for the newly combined Daimler + BMW mobility services division to end up grabbing a large portion of the total global market share of the sector, the CFO at Daimler has been quoted as saying.
The 88th Geneva International Motor Show, also known as “Salon International de l’Auto et Accessoires,” has closed its doors. It is the show of the premieres. Through the years, many cars are shown for the first time to the public at this show. Probably because Switzerland does not have its own car industry, it is neutral ground between the shows of Frankfurt and Paris.
Following numerous lawsuits filed against its fellow Germany-based auto manufacturers in relation to diesel vehicle emissions cheating in the US, BMW is now being sued for similar reasons as well.
The French EV passenger car market saw some 3,100 registrations in February, up 12% year over year (YoY). However, the growth comes only from PHEVs (+115%), as BEVs (-14%) continue to sit in the red (-28% this year). Are buyers holding out for the new LEAF, the Tesla Model 3, and a new Zoe?
February had 1,058 registrations in February 2018, up 116% compared to February 2017, with fully electric cars (BEVs) making for the vast majority of the market (85%). The strong BEV month contributed decisively to the current 2.8% plug-in vehicle (PEV) market share, a good improvement over the 2.2% share of last year.
BMW will not begin mass production of plug-in electric vehicles until at least 2020, because the company’s current tech won’t allow for the company to generate a high enough profit margin to do so, the firm’s CEO has been quoted as saying.
The search for cleaner and more efficient transportation has resulted in a multitude of solutions. Ways to make the internal combustion engine powertrain more efficient, replacing the fuel with alternate fuels like LPG and LNG, synthetic fuels to mix with the fossil fuels, and, ultimately, replacing the internal combustion engine (ICE) completely are all options on the table.
Part of our focus on German carmakers — the hype and reality — this article takes off where our last one ended.
BMW told the press in Geneva this week that an i4 sedan based on the 4 Series GT will go on sale by 2020, with a larger i5 sedan following a year later.