The global market for internal-combustion vehicles peaked in 2017 and is now in "structural decline," Bloomberg New Energy Finance declared in a recent report. Combustion-vehicle sales in 2022 were down almost 20% from the 2017 peak, according to BNEF. In 2017, 86 million internal combustion passenger vehicles were sold globally—including...
The global market for internal-combustion vehicles peaked in 2017 and is now in "structural decline," Bloomberg New Energy Finance declared in a recent report. Combustion-vehicle sales in 2022 were down almost 20% from the 2017 peak, according to BNEF. In 2017, 86 million internal combustion passenger vehicles were sold globally—including...
Convenience store chain 7-Eleven has ambitious plans for EV charging. The company on Thursday announced 7Charge, an EV charging network that it aims to make one of the largest in North America. The plan includes DC fast-charging stations at 7-Eleven locations in the U.S. and, eventually, Canada, with access via a proprietary app. While light on...
Tesla is being sued by customers who claim the automaker has unlawfully monopolized replacement parts and repair services. Two class action lawsuits (via Transport Topics) were filed Tuesday and Wednesday in San Francisco on behalf of two California residents who own Model S EVs. The plaintiffs allege that Tesla has violated antitrust laws by...
Volkswagen has chosen a Canadian site for the first EV battery factory of its new PowerCo business unit outside Europe. Located in St. Thomas, Ontario, the factory is expected to start producing battery cells in 2027, according to a VW press release. It will be the third PowerCo battery plant globally, along with plants in Salzgitter, Germany, and...
The Porsche Cayenne will get an all-electric variant, with a new flagship electric SUV positioned above it, Porsche confirmed Monday in its 2022 financial results presentation. The electric Cayenne will be included in a redesign marking the model's fourth generation. Porsche did not discuss specific launch timing, but it said the next-generation...
Hertz this week announced plans to nearly triple its EV rental fleet in the heart of America's oil industry. The rental giant plans to bring 2,100 EVs to Houston, as well as an "EV fast-charging hub" at Houston Hobby airport that will serve both ride-hailing drivers and the general public, according to a company press release. This adds to Hertz's...
Mitsubishi on Friday announced a medium-term product plan that will see the automaker launch 16 vehicles globally over the next five years, nine of which will be electrified. Among those models will be an electric pickup truck. The automaker sees the 2023 to 2025 period as a "turning point to a major transition era," with an increased focus on...
Seven states and the District of Columbia led the nation in plug-in car registrations in 2022, each with more than 10 per thousand people, according to the U.S. Department of Energy (DOE). Along with D.C., the seven states with the most plug-in car registrations were California, Hawaii, Washington, Oregon, Vermont, Colorado, and Nevada. That's...
EV owners are much less satisfied with dealership service than owners of internal combustion cars, according to a new J.D. Power study. Results were based on a survey of 64,248 U.S. owners or lessees of 2020-2022 model year vehicles, asking them to rate the service at franchised dealers or equivalent aftermarket facilities. Customer satisfaction...