Remove 2028 Remove Car Remove Vehicle
article thumbnail

The ‘horror story’ of the used vehicle market

Auto Service World

The used vehicle market is facing significant supply challenges and a course correction isnt expected for many years to come. Daniel Ross, senior manager of industry insights and residual value strategy at Canadian Black Book described the current state of the used vehicle market as a “horror story.”

Vehicle 130
article thumbnail

Is the future of FCEVs boom or bust?

Auto Service World

The future of fuel cell electric vehicles remains uncertain as the automotive industry continues to evolve, a new report highlighted. While battery electric vehicles (BEVs) have seen significant growth in model availability, sales, and charging infrastructure, FCEVs have struggled to keep pace. appeared first on Auto Service World.

Trucking 202
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PHEVs shine but for how much longer?

Auto Service World

Last year was a challenging time for the electric car market, but plug-in hybrid electric vehicles (PHEVs) are experiencing significant growth, according to a new report. According to Mika Takahashi, a technology analyst at IDTechEx, the electric vehicle market faced numerous obstacles in 2024, particularly in Europe.

article thumbnail

Global EV Sales Expected to Triple in 2024

Brake & Front End

million sold vehicles. By 2028, the market is expected to hit over 17 million sold units, or 40% more than this year. Revenue in the electric vehicle market will also skyrocket in this period. This figure is expected to grow by an average of 10% per year and climb to more than $900 billion by 2028. million to 10.64

article thumbnail

Global EV Sales Expected to Triple in 2024

Tomorrow's Technician

million sold vehicles. By 2028, the market is expected to hit over 17 million sold units, or 40% more than this year. Revenue in the electric vehicle market will also skyrocket in this period. This figure is expected to grow by an average of 10% per year and climb to more than $900 billion by 2028. million to 10.64

article thumbnail

Lotus Launches EV Charging Solutions

Tomorrow's Technician

Lotus recently launched multiple electric vehicle (EV) charging solutions, including an ultra-fast 450 kW DC charger, a power cabinet and a modular unit for charging up to four vehicles at once. Lotus said it has an order booking of over 19,000 vehicles for its Emira sports car and Eletre hyper-SUV.

article thumbnail

In good sign for service departments, age of vehicle population hits all-time high

Auto Remarketing

In recent years, several automakers have expanded the age eligibility limits for vehicles in their respective certified pre-owned programs. Both are good signs, given what S&P Global Mobility discovered about the average age of vehicles on the road. years, the average age of vehicles in the U.S. years compared to 5.3

Vehicle 52