Kelley Blue Book: 1.2 million EVs purchased in the U.S. in 2023
As the shift toward an electrified future continues, a record-breaking nearly 1.2 million U.S. vehicle buyers chose to go electric last year, according to the latest data from Kelley Blue Book. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% share of the total U.S. vehicle market in 2023, up from 5.9%
Auto Care, MEMA Aftermarket report: EVs to be 10% of market by 2030, 47% by 2045
The Auto Care Association and MEMA Aftermarket Suppliers released their jointly-commissioned “2023 Joint EV Trends and Outlook Forecast” during the 2023 Automotive Aftermarket Products Expo (AAPEX). The report shows that battery electric vehicles (BEVs) sales are projected to account for 9% of total U.S. light vehicles sales in 2023, growing to 35% by 2030. The U.S. car market is
Freudenberg Sealing Technologies opens battery testing lab
Freudenberg Sealing Technologies has established a new battery testing laboratory at its North American headquarters in Plymouth, Michigan. The company says this investment will enable it to conduct in-house testing of batteries and their components, including simulating thermal runaway scenarios. The lab is also equipped to perform simulation tests that mimic battery cycling situations, Freudenberg
How seriously should shops take the EV wave?
Automotive repair shops across the country are essential for keeping vehicles of all shapes and sizes, designed for every application under the sun, moving. With the emergence and increasing popularity of electric vehicles, repair shops now have a decision to make: Is it the right time to invest in EV services? Between necessary new tools,
Report: U.S. EV investments rapidly increasing
Electric vehicle (EV) and battery manufacturing grew by a reported $92.3 billion over the past 12 months, according to a new report released by the Environmental Defense Fund and WSP, an engineering, environment and professional services consultancy. The report highlights that, since the passage of the Inflation Reduction Act on Aug. 16, 2022, investment has sharply increased for manufacturing EVs, EV batteries
Report: Inflation Reduction Act sparks surge in EV investment
A new report by the Environmental Defense Fund and WSP USA finds that a year after its passage, the Inflation Reduction Act (IRA) has catalyzed investment and job growth in the EV market. Manufacturers have announced over $165 billion in concrete investment in U.S. EV and EV battery manufacturing facilities in the last eight years.
Tremec acquires EV systems provider Electric GT
Tremec, a subsidiary of KUO, has announced the acquisition of a provider of plug-and-play EV conversion systems, Electric GT, Inc. The company says that the acquisition will enable Tremec to strengthen its product offerings in the growing ICE-to-BEV vehicle conversion market. The newly branded company, Tremec – Electric GT, will be based out of Electric GT’s headquarters in Huntington Beach,
Can the U.S. electric grid power Electrify America?
As the world becomes increasingly conscious about the environment, electric vehicles are becoming more popular. In 2022, more than 750,000 new all-electric cars were registered in the United States, which was 57% more than in 2021 and 5.6% of the total market. According to a report by the International Energy Agency, the number of electric
Transmission shops are preparing to work on hybrids and EVs
At the beginning of the year, TD polled the industry on a variety of questions related to the transmission work they do. You can see the full results in our State of the Industry report from March. Usually, we ask the same general set of questions each yet in order to get a sense of
Dana announces new line of electric transmissions for trucks and vans
Dana Inc. announced a new line of electric transmissions from its Spicer Electrified line, for a wide variety of electric trucks and vans. Dana says the new line of Zero-6 transmissions will launch in early 2024. Accommodating a gross vehicle weight rating up to 59,500 lbs., the Zero-6 e-transmission series will be available in two
EPA proposes new emissions standards to spur transition to electric vehicles
The U.S. Environmental Protection Agency (EPA) has proposed new federal emissions standards intended to dramatically increase sales of electric vehicles (EVs). The sales would be achieved by reducing multi-pollutant emissions, including greenhouse gas (GHG) and criteria pollutants (particulate matter (PM), ozone, nitrogen oxides (NOX) and carbon monoxide (CO) from new light-duty and medium-duty (8,501 to
Is your shop ready for a service EVolution?
The auto industry is investing more than $1 trillion into shifting new vehicle production from internal combustion to electric power. Forecasters estimate that EVs could account for up to one-third of the North American market by 2029. And with dozens of electric models from domestic and import brands already on the road, chances are good
