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Auto Express
a day ago
- Automotive
- Auto Express
Volkswagen Transporter BEV offers up to 8 seats and 196 miles of range
The new Volkswagen Transporter recently went on sale in diesel-powered Shuttle and Kombi form – and now you can add pure-electric power to the mix with the new BEV Transporter. Aimed at taxi companies, tradespeople and families with three or four children, the Transporter in Shuttle TDI diesel form starts at £48,775 for the entry-level Life edition, rising to £55,135 for the Style trim. The all-electric Transporter Life starts at £56,129 while the Style is priced from £62,957. Volkswagen claims a 196-mile range for the new electric Transporter in Kombi van form, or 194 miles in people-carrying Shuttle guise, thanks to a 65kWh battery. That's slightly down on the 209 miles offered by the Ford E-Transit, which is a sister model produced as part of Ford and Volkswagen's partnership. Advertisement - Article continues below That battery sends power to a rear-mounted 136bhp electric motor for a 12.8-second 0-62mph time. What's more important, however, is the charging time, which stands at 39 minutes for a 10 to 80 per cent top-up thanks to a maximum recharge speed of 125kW. The payload for the BEV Transporter Kombi van is 896kg. And like the diesel model, the electric Transporter comes with the option of short or long-wheelbase bodystyles and a choice of eight or nine-seat configurations. Skip advert Advertisement - Article continues below The TDI versions of the Transporter come with a 2.0-litre turbocharged diesel engine in either 148bhp or 167bhp form, paired with an eight-speed automatic transmission. There's also a 109bhp diesel available with a six-speed manual transmission, which in the short-wheelbase Transporter Shuttle will return 38.2mpg on the combined cycle, while the more powerful versions both return 34.9mpg. On top of the standard equipment the diesel-powered Transporter Life gets, the BEV adds all-season tyres, a heat pump, a tyre-sealant kit in place of a spare wheel, heated front seats, manually adjustable lumbar support and a Mode 3 charging cable with a storage bag. Style trim adds a leatherette-wrapped multifunction heated steering wheel. The standard equipment you'd find with Life trim on the Transporter Shuttle includes 16-inch alloy wheels, LED headlights, front and rear parking sensors including a reversing camera, cruise control and keyless start. The tech package features a dual-screen set-up that includes a 12-inch driver's display and a 13-inch touchscreen infotainment system, and no less than nine USB charging points. As for the Transporter Shuttle Style, that adds electric sliding doors, a heated windscreen, larger 17-inch wheels and manual sun shades in the second row. There's also a higher-spec set of LED headlights, and a range of high-end options including a Harmon Kardon sound system and a panoramic glass roof. The Transporter Kombi van starts at £42,220 in Commerce Plus form and also comes with a decent set of equipment, including LED lights, heated front seats and the same infotainment set-up as the Shuttle. The Commerce Pro trim (from £44,860) adds 16-inch alloy wheels, heated front seats, wireless mobile phone charging, air-conditioning, adaptive cruise control and front and rear parking sensors with a rear-view camera. Our dealer network has 1,000s of great value new cars in stock and available now right across the UK. Find your new car… Find a car with the experts Car Deal of the Day: 717bhp BMW M5 Touring super-estate on a tasty lease deal Car Deal of the Day: 717bhp BMW M5 Touring super-estate on a tasty lease deal The BMW M5 Touring is M car royalty, with a thoroughly impressive PHEV powertrain. It's our Deal of the Day for 29 June Electric car appeal is at its lowest since 2019 Electric car appeal is at its lowest since 2019 From poor electric car sales to crashes in F1, Mike Rutherford thinks its been a crazy few weeks in the automotive world New Skoda Epiq vRS to headline brand's hot-SUV onslaught New Skoda Epiq vRS to headline brand's hot-SUV onslaught Every future Skoda will get the go-faster treatment, with the brand also working on making cars sharper and more engaging
Yahoo
25-06-2025
- Automotive
- Yahoo
Tesla EU Sales Tumble for Fifth Straight Month
Tesla's (TSLA) sales in the European Union (EU) tumbled for a fifth consecutive month in May, even though overall new battery-electric vehicle (BEV) registrations kept rising. According to the European Automobile Manufacturers' Association, Tesla's EU new car registrations, which serve as a proxy for sales, plunged almost 41% year-over-year in May to 8,729 vehicles, and have dropped 45% over the first five months of 2025 to 50,413. Tesla's percentage of new car registrations in the EU fell to 0.9% in May from 1.6% a year earlier. Combining EU sales with those from the U.K., Iceland, Norway, and Switzerland, Tesla's new car registrations tumbled almost 28% in May to 13,863 vehicles. Tesla's EU sales declines continued in May even though overall BEV registrations in the bloc surged 25% year-over-year. Tesla shares, which entered Wednesday down almost 16% this year, are little changed in premarket trading. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
24-06-2025
- Automotive
- Yahoo
Toyota's new Chinese BEV integrates ROHM SiC MOSFET
ROHM's 4th generation silicon carbide (SiC) metal-oxide-semiconductor field-effect Transistor (MOSFET) bare chip has been adopted for mass production in Toyota's new battery electric vehicle (BEV), the "bZ5", specifically designed for the Chinese market. The "bZ5" is a crossover BEV resulting from a joint development effort by Toyota, BYD TOYOTA EV TECHNOLOGY, FAW Toyota Motor, and others, and was launched by FAW Toyota in June 2025. The power module, equipped with ROHM's SiC MOSFET, is a critical component in the vehicle's traction inverter, playing a vital role in the BEV's extended range and performance enhancements. Mass production shipments of the power module have commenced from HAIMOSIC (SHANGHAI), a joint venture between ROHM and Zhenghai Group. ROHM is not only focusing on the current 4th generation SiC MOSFET but is also laying the groundwork for future advancements. The company aims to complete a production line for the next-generation 5th generation SiC MOSFET by 2025 and is actively working on the introduction of the 6th and 7th generations. ROHM is dedicated to improving device performance and production efficiency. The company plans to offer SiC in various forms, including bare chips, discrete components, and modules, to promote the widespread adoption of SiC technology and contribute to a sustainable mobility society. Also, Toyota Motor Europe has partnered with VDL Groep to introduce fuel cell trucks, marking progress towards zero tailpipe emissions in heavy-duty logistics. This collaboration has already resulted in the deployment of four additional fuel cell trucks, following an initial demonstration vehicle. Furthermore, this month marked the official launch of the new competitively-priced bZ5 battery-powered SUV by FAW Toyota Motor Company, one of Toyota's main Chinese joint ventures. This launch is part of Toyota's strategy to expand its presence in China's rapidly growing new energy vehicle (NEV) market. "Toyota's new Chinese BEV integrates ROHM SiC MOSFET" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-06-2025
- Automotive
- Yahoo
Electric and Luxury Vehicle Market Outlook, Innovation, Demand Shifts and Market Leaders
Electric and Luxury Vehicle Market Overview 2025-2034 Luton, Bedfordshire, United Kingdom, June 19, 2025 (GLOBE NEWSWIRE) -- Electric and Luxury Vehicle Market Outlook: A Strategic Narrative to 2034 In the early decades of the 21st century, the automotive landscape has undergone a transformation more profound than anything witnessed since the birth of the internal combustion engine. Electric Vehicles (EVs)—once a fringe innovation confined to early adopters and environmentalists—are now the heartbeat of a global revolution. Simultaneously, luxury automakers are undergoing a metamorphosis of their own, integrating electrification with design, performance, and exclusivity to create the next generation of automotive icons. Download PDF Brochure: This story unfolds across intersecting dimensions: battery innovation, regional adoption, legacy brands, and evolving consumer identities. From the rise of Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) to the reshaping of the luxury market by brands like Tesla, Porsche, Rolls-Royce, and Lucid, this is a story of mobility, prestige, and sustainability coalescing. 1. The Rise of Battery Electric Vehicles (BEVs) Battery Electric Vehicles (BEVs)—fully powered by electric motors and charged via external power sources—have become the linchpin of decarbonization strategies globally. As of 2024, the global BEV market stands at approximately $375 billion, and it is forecasted to exceed $1.2 trillion by 2034, reflecting a CAGR of 12.5%. Key Players: Tesla (Model 3, Model Y), BYD (Seal, Dolphin), Volkswagen (ID.4, ID.7), Hyundai (Ioniq 5, Ioniq 6), Kia (EV6), and newcomers like Rivian, Lucid Motors, and XPeng. Market Segmentation: Entry-level BEVs (e.g., Wuling Mini EV, Nissan Leaf) Mid-range BEVs (e.g., Tesla Model 3, Hyundai Ioniq 5) Premium BEVs (e.g., BMW i4, Polestar 2) Utility/Commercial BEVs (e.g., Rivian R1T, Ford F-150 Lightning) Driving Forces: Government incentives and zero-emission mandates Falling battery costs Expansion of charging infrastructure Growing environmental consciousness Download PDF Brochure: 2. Plug-in Hybrid Electric Vehicles (PHEVs): The Transition Bridge While BEVs often dominate headlines, Plug-in Hybrid Electric Vehicles (PHEVs) play a crucial transitional role. Combining internal combustion engines with electric motors, PHEVs appeal to drivers who desire electrification without range anxiety. As of 2024, the PHEV market is valued at $145 billion and is expected to reach $330 billion by 2034, growing at a CAGR of 8.6%. Key Players: Toyota (Prius Prime, RAV4 Prime), Volvo (XC90 Recharge), Mitsubishi (Outlander PHEV), Ford (Escape PHEV), BMW (530e, X5 xDrive45e), and Mercedes-Benz (C-Class PHEV). Market Segmentation: Urban plug-in sedans Luxury performance PHEVs SUV/crossover PHEVs Fleet and light commercial PHEVs Key Trends: Longer electric-only ranges (60+ km) Integration with smart energy grids PHEVs as fleet decarbonization tools Download PDF Brochure: 3. EV Adoption in Asia-Pacific: The Global Epicenter Asia-Pacific has emerged as the world's most dynamic EV market, led by government policy, battery innovation, and sheer consumer volume. By 2024, China alone accounted for 60% of global EV sales. The region's total EV market (BEVs + PHEVs) is valued at $420 billion, projected to surpass $1.3 trillion by 2034, registering a CAGR of 11.8%. Market Leaders: China: BYD, NIO, XPeng, Geely South Korea: Hyundai, Kia Japan: Toyota, Honda, Nissan Strategic Developments: China's 'NEV' policy targets 40% EV penetration by 2030 India's FAME II incentives accelerate EV two- and three-wheeler adoption Southeast Asia (Thailand, Vietnam) emerging as EV assembly hubs Key Market Segments: Mass-market compact BEVs Electric scooters and microcars Ride-hailing EV fleets High-speed EV rail-integrated urban mobility systems Download PDF Brochure: 4. The Evolution of Luxury Vehicles in a Sustainable Era Luxury has traditionally implied power, comfort, and prestige—but in the EV era, it increasingly denotes sustainability, connectivity, and personalization. From the swanky rear cabins of electric limousines to performance crossovers that outpace supercars, the luxury segment is redefining itself. 4.1 Ultra-Luxury Car Market: Prestige Recharged The ultra-luxury market—defined by names like Rolls-Royce, Bentley, and Maybach—is shifting from handcrafted combustion to battery-powered elegance. In 2024, this segment was valued at $48 billion, projected to reach $97 billion by 2034 at a CAGR of 7.3%. Key Developments: Rolls-Royce Spectre: The brand's first all-electric car, Spectre, launched in 2023 and has a 520 km WLTP range with hand-crafted luxury detailing. Bentley's Five-in-Five Strategy: Bentley is transitioning to an all-EV lineup by 2030, with its first EV launching in 2026. Mercedes-Maybach EQS SUV: Combines electric power with traditional opulence and launched in late 2024. Customer Profile: Ultra-high net worth individuals (UHNWIs) Luxury collectors and connoisseurs Sustainability-conscious elite buyers Download PDF Brochure: 4.2 Performance Luxury Cars Market: Electrified Speed Performance is no longer wedded to V8 engines. Electric drivetrains now offer acceleration and torque unimaginable in the ICE era. By 2024, the performance luxury segment is worth $120 billion, growing to $245 billion by 2034, at a CAGR of 7.5%. Top Players: Porsche (Taycan, Macan EV), Maserati (GranTurismo Folgore), Audi (RS e-tron GT), BMW (iX M60), Tesla (Model S Plaid), Lucid Motors (Air Sapphire). Emerging Trends: Use of dual- and tri-motor AWD systems Artificial sound synthesis (e.g., Porsche's E-sound) Track-ready EVs with adaptive suspension and torque vectoring In-cabin personalization and gaming integrations Buyer Base: Tech-savvy enthusiasts Performance-driven professionals Affluent millennials Download PDF Brochure: 5. The Rise of the Electric Luxury Vehicle Market The electric luxury vehicle market is where tradition meets transformation. It includes everything from executive sedans and crossovers to electric limousines and hyper-GTs. Valued at $185 billion in 2024, this market is projected to soar to $530 billion by 2034, expanding at a CAGR of 11.1%. Dominant Players: Tesla (Model X, Model S Plaid) Lucid Motors (Air, Gravity SUV) BMW (i7, iX) Mercedes-Benz (EQS, EQE) Audi (Q8 e-tron, A6 e-tron) Technology Trends: Level 3 autonomous capabilities Augmented reality HUDs Sustainable materials (vegan leather, recycled aluminum) Biometric access and AI-based personalization Strategic Partnerships: Mercedes and Nvidia for AI-based cockpit design Lucid's technology sharing with Aston Martin Apple rumored to be developing luxury EV software platforms Download PDF Brochure: 6. The Road Ahead: Integration, Disruption, and Identity The electrification of both mainstream and luxury mobility is not merely a trend—it is an evolution driven by innovation, regulation, and aspiration. As we approach 2034, expect the automotive world to blur lines between categories: Mainstream automakers will push deeper into luxury EV segments. Luxury automakers will broaden their appeal through EV accessibility. Tech giants may reshape ownership through subscription and autonomy. Cross-Cutting Innovations to Watch: Solid-state batteries with 800+ km range Battery-as-a-service (BaaS) models Vehicle-to-grid (V2G) energy integration Emotion-adaptive in-car AI interfaces MARKET SEGMENTATIONS: Battery Electric Vehicles (BEVs) Market Segments Entry-Level BEVs Examples: Wuling Mini EV, Nissan Leaf Target: Urban commuters, first-time EV buyers Mid-Range BEVs Examples: Tesla Model 3, Hyundai Ioniq 5 Target: Middle-income families, eco-conscious professionals Premium BEVs Examples: BMW i4, Polestar 2, Mercedes EQE Target: Professionals, tech-savvy buyers Utility & Commercial BEVs Examples: Rivian R1T, Ford F-150 Lightning Target: Fleet operators, outdoor/work vehicle users Plug-in Hybrid EVs (PHEVs) Market Segments Urban Plug-in Sedans Examples: Toyota Prius Prime, Honda Clarity PHEV Target: City dwellers, green commuters SUV / Crossover PHEVs Examples: Mitsubishi Outlander PHEV, Ford Escape PHEV Target: Families, suburban drivers Performance & Luxury PHEVs Examples: Porsche Cayenne E-Hybrid, BMW X5 xDrive45e Target: Affluent consumers, luxury enthusiasts Fleet & Commercial PHEVs Examples: Toyota RAV4 Prime (corporate fleets) Target: Corporate mobility programs, rental companies EV Adoption in Asia-Pacific – Market Segments Mass-Market Compact EVs Examples: BYD Dolphin, MG Comet Target: Entry-level buyers, Tier-2 & Tier-3 cities Electric Two-Wheelers and Microcars Examples: Ola S1, Ather 450X, Wuling Mini EV Target: Last-mile mobility, young professionals Ride-Hailing EV Fleets Examples: BYD e6, Hyundai Kona EV fleets Target: Ola, Grab, Didi, Uber fleets EV-Integrated Urban Mobility Systems Integrated e-buses, EV taxis with metro/rail systems Target: Smart city developers, public transport agencies Ultra-Luxury Car Market Segments Full-Sized Electric Limousines Examples: Rolls-Royce Spectre, Mercedes-Maybach EQS Target: Diplomats, UHNWI executives Hand-Crafted Limited Edition EVs Examples: Bentley Electric GT (2026) Target: Collectors, luxury connoisseurs Chauffeur-Driven Luxury EVs Focus: Rear-seat comfort, noise cancellation, entertainment systems Target: Royal families, VIP transport Performance Luxury Cars Market Segments High-Performance Sedans Examples: Tesla Model S Plaid, Lucid Air Sapphire Target: Tech enthusiasts, speed aficionados Electric Gran Turismos Examples: Maserati GranTurismo Folgore Target: Luxury weekend drivers, brand loyalists Track-Ready EVs Examples: Porsche Taycan Turbo S Target: Racetrack users, motorsport hobbyists Luxury Performance Crossovers Examples: BMW iX M60, Audi RS Q8 e-tron Target: Wealthy urbanites, families with performance tastes Electric Luxury Vehicle Market Segments Executive Electric Sedans Examples: BMW i7, Mercedes EQE Target: Corporate execs, business travelers High-End Electric SUVs Examples: Tesla Model X, Lucid Gravity Target: Family buyers with luxury preferences Technology-First Luxury EVs Examples: NIO ET7, Byton M-Byte Target: Digital-native elites, early adopters Sustainable Luxe EVs Vegan interiors, recycled materials, solar roofs Target: Eco-conscious high-net-worth individuals Recent Developments: 1. Tesla – Robotaxi Launch & Operational Pause Tesla is preparing to launch its Robotaxi service out of Austin, Texas, with a tentative pilot on June 22, 2025, scheduling the first driverless trip from factory to customer's home around June 28. Simultaneously, Tesla will halt production of Model Y and Cybertruck at its Austin plant for about a week starting June 30, 2025, to conduct maintenance and implement line upgrades in time for the robotaxi rollout. In China, insurance registrations skyrocketed by ~80% (15,500 during June 9–15), but year-to-date sales are down, with Q2 lagging the previous quarter and deliveries declining 8% in May versus last year. Tesla stock has been volatile—affected by production pauses, robotaxi delays, Chinese sales headwinds, and potential termination of U.S. EV incentives due to new tax legislation. 2. BYD – Global Expansion & Fast-Charging Breakthrough BYD has commenced construction of a US $32 million EV assembly plant in Cambodia's Sihanoukville SEZ (12 ha, CKD), targeting BEV and PHEV output by November 2025 at a capacity of 10,000 vehicles per year. The company aims to double overseas sales in 2025 to 800,000+ units, with new plants in Thailand, Indonesia, Hungary, Brazil, Turkey, Vietnam, and Mexico supporting this target. BYD unveiled ultra-fast charging tech: a 1 MW system (with Sinopec) and 10C battery architecture delivering 400 km of range in 5 minutes, far outperforming current superchargers. Their flagship SUV, the Tang L, launched in January 2025 with a bold 1085-hp powertrain, AR HUD, 15.6″ rotating touchscreen, and luxury finishes. 3. Rivian–VW Joint Venture – Software-Defined Architecture Rivian and Volkswagen launched their joint venture Rivian VW Group Technologies, backed by a US $5.8 billion commitment, focused on scalable software-defined vehicle (SDV) platforms, zonal controllers, and OTA systems. Their technology has been integrated into a VW test vehicle within 12 weeks, with multiple automakers reportedly in discussions to leverage this software strategy. Upcoming platforms include the VW ID EVERY1 (2027 debut at ~€20,000) and Rivian R2, using SDV architecture to deliver more affordable EVs. 4. Lucid Motors – Gulf Expansion & Charging Standards Lucid signed a strategic partnership with Riyadh Air at the Dubai Airshow for commercial operations, a notable entry into the Middle Eastern market. The company is adopting the NACS charging standard and has released a RangeXchange V2V adapter, enabling EV-to-EV charging support. It's also preparing the Lucid Gravity SUV for launch in late 2024 and recently appointed its first Chief Operating Officer, signaling organizational maturity. 5. CATL / Ancillary – Sodium-Ion Innovation BYD has invested US $1.4 billion into a sodium-ion battery plant in Xuzhou, targeting 30 GWh annual production. Meanwhile, CATL released a hybrid sodium-ion/Li-ion pack offering 400 km range, fast charge (4C), and extreme temperature performance, with deployment across ~30 hybrid models in 2025. These developments signal a shift toward next-gen battery chemistry, reducing reliance on lithium and supporting lower-cost EV adoption. This report is also available in the following languages : Japanese (電気自動車と高級車市場), Korean (전기 및 고급차 시장), Chinese (电动和豪华汽车市场), French (Marché des véhicules électriques et de luxe), German (Markt für Elektro- und Luxusfahrzeuge), and Italian (Mercato dei veicoli elettrici e di lusso), etc. Request Sample Pages: More Research Finding – Electric Luxury Vehicle Market The electric luxury vehicle market is poised for significant growth, with a current market value estimated at approximately $62 billion in 2024. This market is projected to expand, reaching around $150 billion by 2034, driven by increasing consumer demand for sustainable transport solutions and advancements in EV technology. The forecast period from 2025 to 2034 is expected to witness a Compound Annual Growth Rate (CAGR) of approximately 10.5%, reflecting strong market potential. U.S. Automotive Luxury Vehicle Market The U.S. automotive luxury vehicle market is valued at approximately $75 billion in 2024, driven by increasing consumer demand for premium features and electric vehicle (EV) options. This sector is projected to grow significantly, reaching about $105 billion by 2034, reflecting an impressive compound annual growth rate (CAGR) of 4.6% from 2025 to 2034. Luxury Car Market The automotive luxury vehicle market is poised for significant growth, with a projected market value of approximately $730 billion in 2024. This sector is expected to maintain a robust upward trajectory, forecasting a value of about $1.2 trillion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of around 5.2% from 2025 to 2034. Electric Vehicle Charging Services Market The global electric vehicle (EV) charging services market is poised for significant growth, with a current value estimated at approximately $12.5 billion in 2024. As the industry matures, projections indicate the market will expand to around $45 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of about 14.1% during the forecast period from 2025 to 2034. Electric Vehicle EV DC Fast Charger Market The global market for Electric Vehicle (EV) DC fast chargers is valued at approximately $5 billion, reflecting robust growth driven by increasing EV adoption and government support for electrification. The market is projected to reach around $15 billion by 2034, representing a significant opportunity for stakeholders. This translates into a Compound Annual Growth Rate (CAGR) of approximately 13.4% during the forecast period from 2025 to 2034. Industrial Power Inverter Market The global industrial power inverter market is valued at approximately $12 billion in 2024, with projected growth driving the market to reach around $22 billion by 2034. This reflects a robust compound annual growth rate (CAGR) of 6.6% over the forecast period from 2025 to 2034. Electric Vehicle EV On Board Charger Market The global electric vehicle (EV) on-board charger market is expected to reach approximately $4.6 billion in 2024. Driven by the increasing adoption of electric vehicles, stringent emissions regulations, and technological advancements in EV charging solutions, the market is projected to grow significantly over the next decade. By 2034, the market value is anticipated to soar to around $10.8 billion, representing a compound annual growth rate (CAGR) of approximately 8.7% during the forecast period of 2025–2034. Electric Vehicle Busbars Market The global market for electric vehicle (EV) busbars is valued at approximately $1.2 billion in 2024. The market is projected to grow substantially, reaching an estimated $3 billion by 2034, driven by increasing electric vehicle adoption and advancements in charging infrastructure. This results in a Compound Annual Growth Rate (CAGR) of around 9.4% over the forecast period from 2025 to 2034. Electric Vehicle Flat Wire Motor Market The global electric vehicle (EV) flat wire motor market is projected to reach a value of approximately $4.5 billion in 2024, driven by the increasing demand for efficient and compact motor solutions in electric vehicles. This market is expected to grow impressively, with a projected value of around $10 billion by 2034, reflecting strong adoption trends across the automotive sector. Electric Vehicle Charging Infrastructure Market The global electric vehicle (EV) charging infrastructure market is valued at approximately $27 billion in 2024. This market is poised for significant expansion, with a projected worth reaching around $71 billion by 2034. This growth represents an impressive Compound Annual Growth Rate (CAGR) of about 10.3% during the forecast period from 2025 to 2034. Electric Vehicle Thermal Management System Market The global electric vehicle (EV) thermal management system market is valued at approximately $4.5 billion in 2024 and is anticipated to reach around $12.8 billion by 2034. This growth represents a robust Compound Annual Growth Rate (CAGR) of approximately 11.1% during the forecast period from 2025 to 2034. Electric Vehicle AC Charging Station Market The global electric vehicle (EV) AC charging station market is poised for significant growth, valued at approximately $9.4 billion in 2024. Analysts project a robust increase, anticipating the market will reach around $25 billion by 2034, reflecting an impressive Compound Annual Growth Rate (CAGR) of about 10% during the period from 2025 to 2034. Electric Vehicle EV Charging Equipment Market The global electric vehicle (EV) charging equipment market is valued at approximately $30 billion, reflecting the rapid growth driven by increasing EV adoption and stringent environmental regulations. The market is projected to reach $120 billion by 2034, representing a robust Compound Annual Growth Rate (CAGR) of around 15% during the forecast period from 2025 to 2034. Battery Cases for Electric Vehicle Market The global market for battery cases for electric vehicles (EVs) is poised for significant growth, valued at approximately $5.6 billion in 2024. It is projected to reach around $12.8 billion by 2034, spurred by the rapid adoption of electric vehicles and advancements in battery technologies. The market is expected to exhibit a robust Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period from 2025 to 2034. Battery Grade Manganese Sulphate Market The global battery grade manganese sulfate market is poised for significant growth, with a current market value projected at approximately $1.2 billion in 2024. By 2034, this market is expected to reach around $3.5 billion, reflecting a robust Compound Annual Growth Rate (CAGR) of approximately 11.3% during the forecast period from 2025 to 2034. Electric Vehicle Electronic Expansion Valve EXV Market The global Electric Vehicle Electronic Expansion Valve (EXV) market is valued at approximately $500 million in 2024, driven by the increasing adoption of electric vehicles (EVs) and advancements in thermal management systems. The market is projected to reach around $1.2 billion by 2034, reflecting a robust growth trajectory. Li-ion Battery for Energy Storage Systems ESS Market The global lithium-ion (Li-ion) battery market for energy storage systems (ESS) is poised for significant growth, currently valued at approximately $10 billion in 2024. Projections indicate that this market could reach around $35 billion by 2034, reflecting increased demand for sustainable energy solutions and advancements in battery technologies. Electric Vehicle EV Suspension System Market The global electric vehicle (EV) suspension system market is poised at approximately $4.5 billion in 2024, exhibiting robust growth amid increasing EV adoption and technological advancements. The market is projected to reach around $12 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of approximately 11.3% during the forecast period from 2025 to 2034. Outdoor Liquid Cooled Energy Storage System Market The global outdoor liquid cooled energy storage system market is valued at approximately $2.8 billion in 2024, with a strong projected growth trajectory expected to reach around $6.5 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of about 9.1% during the forecast period from 2025 to 2034. CONTACT: Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@
Yahoo
18-06-2025
- Automotive
- Yahoo
Thai government to revise BEV subsidy rules
The Thai government plans to revise its rules on subsidy payments to battery electric vehicle (BEV) manufacturers in response to the recent problems faced by the local subsidiary of China's Hozon New Energy Automobile Company and its Neta Auto brand, according to local reports. Hozon is struggling to stay afloat and is facing a bankruptcy review in China. The automaker, which has been cutting costs as its global sales continue to decline, hopes to raise cash in a forthcoming Series-E fundraising round to help improve cashflow. Hozon's Thai subsidiary, Neta Auto Thailand, has missed its local production commitments which qualified it for subsidies under the Thai government's EV3.0 incentive programme. The company has been slashing prices in recent months to help lift its local sales. Under the EV3.0 programme, BEV manufacturers are granted government subsidies of up to THB 150,000 (US$ 4,600) per vehicle during the initial 'ramp-up' phases of their projects, during which they are also allowed to import a quota of vehicles duty-free. BEV makers receiving the subsidies are committed to producing 1.5 vehicles for every imported vehicle. To meet its government subsidy commitments, Neta must therefore produce 19,000 BEVs this year – but so far it has only produced 4,000 units. Neta Auto has already received more than THB 2 billion in subsidy payments from the Thai government and the company recently met with the Thai Excise Department to be told the disbursement of a further THB400 million subsidy payment would be suspended. Deputy Finance Minister, Paopoom Rojanasakul, confirmed that the Thai Ministry of Finance has asked the National Electric Vehicle Policy Committee to revise its rules in light of Neta Auto's difficulties. The Ministry has recommended a rule change requiring BEV manufacturers to submit a 'compensatory' production plan every two months, which would allow the government to suspend subsidy payments at a much earlier stage on if production commitments are not met. "Thai government to revise BEV subsidy rules" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
