EV Update: Car Companies Lose THOUSANDS on every EV Sold!

Policymakers forced Car Companies to overestimate EV sales growth, leading to unsold stock and heavy discounting

In our latest update from the world of EVs and market trends for Electric Cars, with the revelation that car manufacturers are losing around $6000 or nearly £5000 on every $50,000 electric car sold. Plus how EVs sales volumes are likely to fall well short of Biden’s mandate of 60% by 2030, and how manufacturers must change or find themselves in an untenable situation.

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UPDATE: Cowell’s Mini, McLaren Dubai, Iconi Alto

Simon Cowell’s Mini Obsession, Suzuki’s Shocking Milestone & McLaren’s Dubai Mega Showroom!

Automotive News Highlights – Classic Icon Revived! Did you know the Maruti 800 in India is called the Suzuki Alto everywhere else? Discover the iconic journey of Suzuki from the 1955 Suzullight to their massive 80 million sales milestone. UK Car Sales Report! Dive into the latest stats with a 21% sales surge in September. But what does the number truly signify, especially for electric vehicles? Simon Cowell’s Electric Passion! From a luxury car collector to embracing the electric revolution with the Mini eMastered by David Brown Automotive. Find out what Simon really thinks about driving electric. McLaren’s Dubai Extravaganza! The world’s largest McLaren dealership just opened its doors in Dubai.

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Shock to EVs: $7bn Renault & Geely Deal

New JV to develop and manufacturer NEW Petrol, Diesel & Hybrid Engines

Renault and Geely have just announced a joint venture to develop and build petrol, diesel and hybrid engines – going against the tidal wave of the EV Revolution. With potentially huge investment from Saudi Aramco for its $7 plan, headquartered in the UK – where sales for new petrol and diesel cars are planned to be banned in just 7 years’ time. Utter craziness or insightful genius? Does the ICE fightback start here?

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2022 electric cars charge up sales charts

Meanwhile diesel sales decline dramatically

Electric car sales are taking off, while diesel car sales are in the ditch. Last year EV sales were up 106% according to Leasing.com, while demand for diesels sales plunged 7%. Pure electric cars alone accounted for a 101% increase, and nearly a third of all Leasing.com’s enquiries are for EVs, up over 10% from the year before. Which ones do people want? The most popular were Tesla Model 3, Volkswagen ID.3, Hyundai Ioniq 5 and the Hyundai Kona.

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