17 November 2023
17 November 2023
The rise of Chinese EVs could see Western counterparts losing a substantial portion of their global market share, marking a transformative shift in the automotive industry.
Siemens study finds that EV sales have grown globally by 55% in the last year; but public charging infrastructure has not kept pace.
FreeCharge can be activated in the Hive app and British Gas will reimburse customers for electricity used in this mode on their energy bill.
Factors such as high prices, delaying the EV production deadline to 2035, and rapidly rising insurance premiums are all causing some potential buyers to lose confidence in the market.
Deal will help Arnold Clark enhance its customer experience with accurate vehicle valuations and comprehensive provenance checks.
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The global motor insurance industry's written premiums are expected to cross $1 trillion in 2027. Disruptions caused by developments in vehicle technology and mounting natural hazard losses will remain a trending topic over the coming years. Per GlobalData forecasts, the global EV insurance market will surpass $420 billion by 2034, driven by several variables, such as falling EV prices, longer battery ranges, and more global charging infrastructure, which will all drive greater demand for EVs.
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