Currently, EVs are on their way to 100 per cent consumer adoption. AVs are not. “Indeed, 2022 was the year of EVs,” says Michelle Krebs, executive analyst for Cox Automotive. “While the rest of the US market is down, we expect EV sales will keep rising in 2023.” Krebs says autonomous vehicles “were always the bigger challenge. Technical challenges remain daunting. Some AV developers note the greatest progress has been made, but that last ten per cent is the hardest. AVs have not been helped by Tesla’s Autopilot incidents and investigations.” When Argo AI—which was backed largely by Ford Motor Company and Volkswagen Group—folded in October, CEO Jim Farley said Ford would pull back from developing Level 4 and concentrate on “Level 2-plus” and Level 3 in-house. Read original article here.
Government invests $644M in Québec Ford battery materials plant
The federal government will provide $644 million in funding towards the construction of a new battery materials facility plant in Bécancour, Qué., that will be built by a consortium formed by the Ford Motor Company and South Korea’s EcoProBM and …
Lamborghini on the road to a record year
Times are still tough in the auto industry, but some manufacturers are faring better than others. Lamborghini is in that group, though in this instance, faring better doesn’t really cover it. With nearly 8,000 sales already in the books for …
Despite EV transition looming, sports cars still popular
It would be easy to forget the number of sports cars Americans purchased in the first three quarters of 2022 because they make up a tiny portion of the industry. They would be easy to forget as parts and supply …
How close are autonomous cars? “So close, but so far,” says expert
The world of the Jetsons was supposed to be here by now, but though our information, communication systems and computing abilities are compatible with the cartoon, we neither have flying cars, nor autonomous vehicles in our daily lives yet. …
Have lithium-ion battery capabilities peaked?
The next generation of BMW electric vehicles promises up to 620 miles of range, 30 percent quicker charging, and a cheaper production process that cuts significantly down on carbon emissions—all with lithium-ion EV batteries like the rest of the automotive …
BMW considering moving to direct sales model
The shift to electric vehicles is responsible for many changes in the automotive industry, one of which is the arrival of the direct sales model, which forgoes dealerships entirely. Introduced by Tesla and picked up by a number of other …