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Autotrader Names 10 Best Cars for Recent College Graduates in 2023

Retrieved on:

Thursday, June 1, 2023

Civic, Human, MSRP, EV, Bev, Hatchback, Sonata, PHEV, Niro, Ford, Mazda3, Chevrolet Bolt EUV, Honda Civic Type R, HEV, SUV, Toyota, BEV, Subaru, Kia, EPA, Mazda, Hyundai, Chevrolet, Toyota Prius, One of the Best (car), Maverick, CR, Cox Enterprises, Honda Civic, Toyota Corolla, News, Corolla, CPO, Forester, Nursing, Automotive industry, Bookkeeping, Auto Trader

To help new grads sort out their vehicle choices as they embark upon the journey called "real life," Autotrader, a Cox Automotive company, has named the 10 Best Cars for Recent College Graduates .

Key Points:

To help new grads sort out their vehicle choices as they embark upon the journey called "real life," Autotrader, a Cox Automotive company, has named the 10 Best Cars for Recent College Graduates .
While Autotrader's list of the 10 Best Cars for Recent College Graduates consists of new 2023-model-year vehicles, we definitely recommend graduates also consider adding used vehicles – particularly certified pre-owned (CPO) models – to their consideration lists."
Grads often find themselves on the move, and a compact pickup truck like the 2023 Ford Maverick can be a game-changer.
To learn more about the 2023 list of the 10 Best Cars for Recent College Graduates from Autotrader, including pricing details, photos, additional vehicle information and available inventory, visit https://www.autotrader.com/best-cars/10-best-cars-recent-college-graduat... .

Stellantis Electrification Transition in Full Swing with First ACC Battery Gigafactory Inaugurated in France

Retrieved on:

Tuesday, May 30, 2023

The gigafactory will contribute to Stellantis’ goal of increasing battery manufacturing capacity to 250 GWh in Europe by 2030 and advance the Company on its mission to offer a comprehensive suite of battery technologies that supports customers’ needs across the entire Stellantis brand portfolio.

Key Points:

The gigafactory will contribute to Stellantis’ goal of increasing battery manufacturing capacity to 250 GWh in Europe by 2030 and advance the Company on its mission to offer a comprehensive suite of battery technologies that supports customers’ needs across the entire Stellantis brand portfolio.
Stellantis is securing approximately 400 GWh of capacity by 2030, supported by five gigafactories in Europe and North America and additional supply contracts.
Alongside battery production, Stellantis, ACC, the Union of Metallurgies Industries, the state and region are establishing the Battery Training Center of Douvrin as part of its upskilling and reskilling program.
Through a 400-hour course, Stellantis employees will acquire new skills in battery manufacturing, helping the Hauts-de-France region compete in a sector that is crucial to the electrification transition.

KBRA Releases Research – European Auto ABS: Accelerating Towards Green

Retrieved on:

Wednesday, May 31, 2023

Professional Services, Automotive, Insurance, Finance, Banking, Fleet Management, KBRA, BEV, Disclosure, ESG, ABS, OEM, Bev, CO2, Carbon

The market achieved its first green auto ABS deal in February 2023 with a transaction that exclusively contained hybrid- and electric-powered vehicle backed loans sold to investors.

Key Points:

The market achieved its first green auto ABS deal in February 2023 with a transaction that exclusively contained hybrid- and electric-powered vehicle backed loans sold to investors.
However, on further examination of recent European auto ABS transactions, there appears that a steady greening progression was already underway.
In this report, KBRA examines the increased use of alternative energy (which includes hybrid and BEVs) vehicles in securitisation transactions.
A green discount does not exist in European auto ABS as there currently appears to be no significant differentiation in pricing between those containing greener and those with fully traditional powered auto collateral.

Global New Energy Vehicle Sales Reach 2.656 Million Units in Q1, Tesla Reclaim Market Share, Says TrendForce

Retrieved on:

Wednesday, May 31, 2023

TrendForce reports the total sales of New Energy Vehicles (NEVs)—comprising BEVs, PHEVs, and FCVs—reached 2.656 million units in the first quarter of 2023, marking a 28% YoY increase.

Key Points:

TrendForce reports the total sales of New Energy Vehicles (NEVs)—comprising BEVs, PHEVs, and FCVs—reached 2.656 million units in the first quarter of 2023, marking a 28% YoY increase.
Sales of BEVs contributed 1.942 million units to this total, a YoY growth of 26%, while PHEV sales amounted to 711,000 units, signifying a 34% YoY increase.
Tesla's strategic move to reduce prices resulted in a record-breaking first quarter, with sales reaching 423,000 units and boosting its market share to 21.8%.
This considerable resurgence comes after three consecutive quarters where Tesla's BEV market share slipped below 20%, illustrating the immediate impact of price adjustments in market consolidation.

Toyota Ramps Up Commitment to Electrification with U.S. BEV Production and Additional Battery Plant Investment

Retrieved on:

Wednesday, May 31, 2023

The new battery plant, which is currently under construction, will receive an additional $2.1 billion investment to support the company's drive toward carbon neutrality.

Key Points:

The new battery plant, which is currently under construction, will receive an additional $2.1 billion investment to support the company's drive toward carbon neutrality.
It is exciting to see our largest U.S. plant, Toyota Kentucky, and our newest plant, Toyota North Carolina, drive us into the future together with BEV and battery production for our expanding electrified lineup."
Toyota is investing $2.1 billion in its North Carolina battery manufacturing plant for new infrastructure to support future expansion.
"The future is bright at Toyota North Carolina," said Sean Suggs, president, Toyota Battery Manufacturing, North Carolina.

AAM Sponsors EcoCAR EV Challenge

Retrieved on:

Tuesday, May 30, 2023

EDU, Bev, Education, Carbon footprint, AAM, EVS, Student, AXL, Engineering, STEM, NYSE, EcoCAR, Automation, Software, Rail transport

DETROIT, May 30, 2023 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) is helping grow young engineering talent and improve electric vehicle efficiency through a Visionary Sponsorship of the EcoCAR EV Challenge. In the four-year student competition, university teams compete by engineering next generation battery electric vehicles (BEVs) and use automation and vehicle-to-everything (V2X) to create new vehicle features and technologies that decarbonize the automotive industry.

Key Points:

DETROIT, May 30, 2023 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) is helping grow young engineering talent and improve electric vehicle efficiency through a Visionary Sponsorship of the EcoCAR EV Challenge .
"As a Visionary Sponsor of the EcoCAR EV Challenge, we are helping students learn about sustainable mobility and fuel their engineering passion."
Through its sponsorship, AAM is developing relationships with premier engineering talent – a total of more than 2,600 diverse students from across North America are participating in the EcoCAR EV Challenge.
To learn more about the EcoCAR EV Challenge, visit its website .

Suzuki, Daihatsu, and Toyota to Unveil Mini-Commercial Van Electric Vehicles

Retrieved on:

Wednesday, May 17, 2023

BEV, Transport, Bev, Exhibition, Japan Automobile Manufacturers Association, Carbon, CN, JAMA, Automotive industry, Daihatsu, Suzuki

Toyota City, Japan, May 17, 2023 - (JCN Newswire) - Suzuki Motor Corporation (Suzuki), Daihatsu Motor Co., Ltd. (Daihatsu), and Toyota Motor Corporation (Toyota) will unveil prototype mini-commercial van electric vehicles (BEVs) equipped with a jointly developed BEV system.

Key Points:

Toyota City, Japan, May 17, 2023 - (JCN Newswire) - Suzuki Motor Corporation (Suzuki), Daihatsu Motor Co., Ltd. (Daihatsu), and Toyota Motor Corporation (Toyota) will unveil prototype mini-commercial van electric vehicles (BEVs) equipped with a jointly developed BEV system.
The exhibition event will be organized by the Japan Automobile Manufacturers Association (JAMA) along with the G7 Hiroshima Summit.
Daihatsu will produce the vehicles, and Suzuki, Daihatsu, and Toyota will each release their own version within fiscal 2023.
The three companies Suzuki, Daihatsu, and Toyota will continue to promote efforts to achieve CN by providing sustainable means of transportation.

Average Age of Light Vehicles in the US Hits Record High 12.5 years, according to S&P Global Mobility

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Monday, May 15, 2023

Acceleration, Pressure, Bev, ICE, Ageing, Light, Auto Care Association, BEV, VIO, PARC, Growth, Rail transport, Car rental

SOUTHFIELD, Mich., May 15, 2023 /PRNewswire/ -- With more than 284 million vehicles in operation (VIO) on U.S. roads, the average age of cars and light trucks in the US has risen again this year to a new record of 12.5 years, up by more than three months over 2022, according to the latest analysis from S&P Global Mobility. The growth is in line with the firm's prediction from last year that constrained new vehicle sales would continue to impact and put upward pressure on the average age. In addition, the continued rise of light trucks/utilities means the number of passenger cars on the road will fall beneath 100 million for the first time since 1978.

Key Points:

This is the sixth straight year of increase in the average vehicle age of the U.S. fleet.
"We expected the confluence of factors impacting the fleet coming out of 2021 would provide further upward pressure on average vehicle age.
The increased pace of growth of the average light vehicle age benefits the vehicle service industry.
In total, vehicles older than six years will account for more than 74% of the vehicle fleet in 2028, according to S&P Global Mobility estimates.

TurnOnGreen Completes Municipal Charging Project in Boulder City, Nevada

Retrieved on:

Monday, May 15, 2023

Imperalis Holding Corp. (OTC: IMHC), dba TurnOnGreen, Inc. (“TurnOnGreen” or the “Company”), announced today that the city of Boulder City, Nevada, has completed the installation of four public access TurnOnGreen charging stations located at the city Civic Center.

Key Points:

Imperalis Holding Corp. (OTC: IMHC), dba TurnOnGreen, Inc. (“TurnOnGreen” or the “Company”), announced today that the city of Boulder City, Nevada, has completed the installation of four public access TurnOnGreen charging stations located at the city Civic Center.
The level 2 networked charging stations will provide EV charging services to city employees, local businesses, residents, and visitors of Boulder City.
The project features multiple high-power, networked EVP700G EV chargers that can be activated using the TurnOnGreen App , RFID cards, or a unique QR code on each charger.
“We are excited to help Boulder City expand their EV charging infrastructure and work with our partners at Bombard Electric to increase the EV charging footprint in the State of Nevada,” said TurnOnGreen President Marcus Charuvastra.

Global Bidirectional Electric Vehicle Charger Market to 2031: Rise in Demand for Solar-Powered Electric Vehicles Presents Opportunities

Retrieved on:

Thursday, May 11, 2023

The growth in the bidirectional electric vehicle charger market is expected to be driven by the need for renewable sources of power and energy and increasing sales of electric vehicles around the world.

Key Points:

The growth in the bidirectional electric vehicle charger market is expected to be driven by the need for renewable sources of power and energy and increasing sales of electric vehicles around the world.
The bidirectional electric vehicle (EV) charger market is in the early growth phase for several reasons.
As a result, the bidirectional electric vehicle charger market is expected to flourish in the forecast period.
The following are the demand drivers for the Bidirectional Electric Vehicle Charger Market:
The market is expected to face some limitations as well due to the following challenges: