Light-vehicle sales in Russia in 2022 totaled 687,370, down 58.8% from a year earlier, according to Wards Intelligence data. But the Association of European Businesses projects new-vehicle sales in 2023 will rise 12% as the market offers more...
By 2030, revenue from Stellantis’ operations in South America, Africa and the Middle East could equal the revenue from its well-established operations in Europe and North America, CEO Carlos Tavares says.
Electric-vehicle demand will soar when BEVs reach total cost-of-ownership parity with internal-combustion-engine vehicles, says Akshay Singh of the Pricewaterhouse Coopers consultancy.
For its entire 120-year history, the automotive industry has been constructed around the internal-combustion engine (ICE). Replacing an ICE with a battery carries with it far-reaching implications for automakers and suppliers in the very near future.
