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WHAT'S NEXT?: Automated vehicles could lead to a significant increase in vehicle-sharing and a significant reduction in the size of the global vehicle fleet, emissions, travel time, associated infrastructure and costs. By 2030, electric vehicles could represent about 30 percent of all new cars sold globally. Future connected car applications will drive a 150% increase in demand for contextual information between now and 2020.

  • [New] While electric vehicles have only accounted for four percent of US auto sales in 2021 so far, it's expected by 2030 that over one-third of all automotive sales in the US will be electric vehicles, and over twenty-eight percent of global sales will be electric. The National Law Review
  • [New] As well as boosting the production of electric vehicles, it offers homeowners in England and Wales subsidies of £5,000 from 2022 as part of a £450 million scheme to help them replace old gas boilers with low-carbon heat pumps. International Business Times UK
  • [New] Germany will have a leading role to play as Europe and the US transition to electric vehicles in the coming years. MiningFeeds
  • [New] There will be £620m of investment in electric vehicles and electric vehicle charging points and a further £350m to support the car industry in the move to electric. Local Government Chronicle (LGC)
  • [New] Sales of electric vehicles could overtake sales of petrol and diesel vehicles by as early as 2025, while the ban on new petrol and diesel cars could see them disappear from Britain's roads almost entirely by the mid-2040s. Evening Standard
  • [New] The production and use of light weight cars and other automotive, as projected by Morgan Stanley analysts, is set to rise to 2.9% of 99 million new vehicles in 2020 and to 9.4% of 102 million new vehicles in 2025, from 1.1% of 86.5 million in 2021. CMFE Market Research | Industry Reports
  • [New] Transport 32% 47-59% Road transport is transformed through increasing use of zero emission vehicles, driven in part by ending the sale of new petrol and diesel cars and vans by 2030 and supported by increasing the share of trips taken by cycling, walking, and public transport. UK Government
  • [New] Cryptocurrencies could become a vehicle for taking money out from countries like India and China. Busienss Standard
  • [New] By the year 2040, the global sales of electric vehicles will exceed traditional combustion vehicles. DIGITIMES Inc.
  • [New] Trucks are responsible for about 5% of all CO 2 emissions in Europe and by 2025 manufacturers are required to reduce CO 2 emissions from new vehicles by 15%. HERE 360
  • [New] GEMC continues to evaluate strategic cooperative opportunities that could enable securing a stable supply of battery minerals critical for the electrification of vehicles and energy storage to the North American market. The Market Herald
  • [New] Oil demand is already near its all-time peak, and will drop after the mid-2020s, driven by the mass transition to electric vehicles. PRI
  • [New] Czech automakers will produce quarter of a million fewer cars than expected in 2021 because of the global microchip shortage, costing the automotive sector 200 billion crowns ($9.14 billion) in sales. Automotive News Europe
  • [New] By 2030, PSEG aims to convert its passenger vehicles, such as sedans and SUVs, 60% of medium-duty vehicles and 90% of heavy-duty vehicles to battery electric vehicles, plug-in hybrids or anti-idle jobsite work systems. Global Citizen
  • [New] Foxconn Technology Group unveiled its first electric vehicles, a milestone that could boost the Taiwanese electronics manufacturer's credentials as a serious bidder for Apple's secretive automotive project. TechCentral
  • [New] Zero-emission vehicles will make up around 30% of all vehicles on the road by 2030, accelerating the demise of oil, which is already near its all-time peak and is expected to decline significantly after 2026/27. E&T
  • [New] Ford's Blue Oval City will produce batteries and electric vehicles in Tennessee, with a separate facility in Kentucky, and its Ion Park will develop batteries in Michigan. Car and Driver
  • [New] Toyota Motor North America announced it will spend $1.3 billion, part of a larger $3.4 billion, nine-year investment plan, to set up a U.S. lithium-ion-battery plant to supply U.S.-market hybrid and electric vehicles. Car and Driver
  • [New] Toyota plans to build a new billion-dollar battery plant in the U.S. as the Japanese automaker ramps up development and production of the key components needed for hybrid and electric vehicles. Yahoo Finance
  • [New] Toyota plans to sell 2 million zero emission hydrogen and battery electric vehicles worldwide per year by 2030. Dallas News

Last updated: 23 October 2021