Automotive Industry
Impacts on automotive manufacturing and production.
Ford and General Motors have devised a strategy using their captive finance companies to extend the federal $7,500 electric vehicle tax credit for retail leases beyond the September 30 deadline.
BMW has initiated prototype construction for its third-generation hydrogen fuel-cell system, aiming for series production by 2028.
Hybrid vehicle registrations in the U.S. have nearly doubled since 2016, reaching 7.4 million in 2023, indicating robust consumer adoption.
China's electric vehicle market, despite global dominance, faces severe internal challenges including rampant overcapacity and fierce price competition among approximately 50 automakers.
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General Motors has reportedly achieved an unprecedented 1,059-mile range for an electric vehicle on a single charge, setting a new industry benchmark.
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Major automotive manufacturers, including Fiat, Hyundai, and Volvo, are introducing their own electric vehicle discounts in the UK market.
Richland One's Heyward Career and Technology Center in South Carolina has secured a $100,000 grant to establish a pioneering electric vehicle technician training program.
The UK government has launched a new £650 million Electric Car Grant, automatically reducing the purchase price of eligible electric vehicles to accelerate EV adoption.