This week, some of the world’s largest automobile companies presented their flagship electric vehicles at the Shanghai motor show. Many of these electric cars will only be available in China, where there are government subsidies and policies in favor of electric cars. As the world’s largest car market and manufacturing center, China is becoming the center of electric car development.
On Tuesday, Audi introduced its electric sports crossover Q2L e-tron, which will be produced in the southern city of Foshan and is available only in the domestic market of China. The luxury German brand also launched an electric model for China, presenting it in San Francisco last year as the first production electric model. E-tron will also be produced in China starting from 2020. Continue reading
Volkswagen has set itself the goal of a possible profitable mass production of electric vehicles in the amount of 80 billion euros (91 billion us dollars) — a feat that no automaker has not even reached.
If Volkswagen realizes its ambitions to become a world leader in the field of electric vehicles, this will happen thanks to a radical and risky rate. The German giant placed a bet on 80 billion euros (91 billion us dollars) and the possibility of profitable mass production of electric vehicles — a feat that no automaker has achieved. So far, the plans of most major automakers have been one major goal: to protect profits from expensive cars with ice and to replenish their range and fleet with enough zero-emission vehicles to meet environmental standards. Continue reading
According to estimates by Bloomberg sales of fuel and vehicles has already peaked, and perhaps never more to rise, because the price of batteries fell. The increase in the number of electric vehicles, in turn, means that the peak demand for oil can come in just 10 years.
According to a new Bloomberg NEF report, oil demand is projected to peak in 2028 for passenger cars and in 2035 for commercial vehicles. The rapid growth in electric vehicle sales will cause a slowdown, a peak, and then a drop in oil consumption. Oil prices and the cost of investment in oil companies will fall. Continue reading