Tag: Trends

Study Reveals ‘Tipping Points’ for Mainstream Electric Vehicle Adoption

A major new study released by Castrol draws on the views of consumers, fleet managers and automotive industry leaders from across the US to reveal the factors driving electric vehicle (EV) buying decisions. The study, called Accelerating the Evolution, reveals that, on average for US consumers, a price point of $36,000, a charge time of… Continue reading Study Reveals ‘Tipping Points’ for Mainstream Electric Vehicle Adoption

‘Back to School’ in 2020 More Likely to be in a Car than a Bus

Back to School during the 2020 pandemic may have a silver lining for shops that offer accessories aimed at family vehicles. Digital automotive marketplace Cars.com has shared new data revealing parents’ decisions on safe back-to-school transportation this year. Nationwide, 39% of parents say they are sending their children back to school this fall for in-person… Continue reading ‘Back to School’ in 2020 More Likely to be in a Car than a Bus

Electrify America Announces Collaboration with Love’s Travel Stops

Electrify America, an open direct current (DC) fast-charging network in the U.S., announced it will work with Love’s Travel Stops, a travel stop chain, to bring public ultra-fast electric vehicle (EV) charging stations to seven locations in six U.S. states. The seven charging stations, located in Oklahoma, New Mexico, Utah, Florida, New York and Arizona,… Continue reading Electrify America Announces Collaboration with Love’s Travel Stops

IIHS: Teens Are the Riskiest Drivers, But Drive the Least Safe Vehicles

The proportion of U.S. teens killed driving older, smaller vehicles has remained virtually unchanged over the past decade, a new study from the Insurance Institute for Highway Safety shows. More than a quarter of teen drivers killed in crashes during 2013-17 were driving micro, mini or small cars, and nearly two-thirds were driving 6-15-year-old vehicles,… Continue reading IIHS: Teens Are the Riskiest Drivers, But Drive the Least Safe Vehicles

Auto Parts eCommerce Market Share Exceeding Original Forecast

The annual Hedges & Company eCommerce market share forecast for the US automotive aftermarket shows online revenue reaching $16 billion in 2020. This includes an incremental $1.9 billion in revenue due to the COVID-19 pandemic. A major trend during the pandemic, in nearly any industry, has been a dramatic shift to eCommerce market share. The… Continue reading Auto Parts eCommerce Market Share Exceeding Original Forecast

Hyundai Launches IONIQ EV Brand

Hyundai Motor Company has launched its new IONIQ brand dedicated to battery electric vehicles, the automaker announced. Under the IONIQ brand, Hyundai Motor will introduce three new dedicated models over the next four years with more models to follow. “The IONIQ brand will change the paradigm of EV customer experience,” said Wonhong Cho, executive vice… Continue reading Hyundai Launches IONIQ EV Brand

GM, EVgo Announce Plans to Expand Fast Charging Network

General Motors and EVgo plan to triple the size of its fast charging network by adding more than 2,700 new fast chargers over the next five years, a move set to help accelerate widespread electric vehicle adoption, the company announced. The two companies will add fast charging stations to cities and suburbs, unlocking new EV… Continue reading GM, EVgo Announce Plans to Expand Fast Charging Network

Connected Car Market Expected to Slow in 2020

After years of consistent growth, the connected vehicle industry will face a 15% decline in shipments and flat revenues in 2020, according to a recent report from ABI Research, a global tech market advisory firm. However, both embedded and aftermarket segments will see accelerated growth in 2021, and sales should return to trend in early… Continue reading Connected Car Market Expected to Slow in 2020

Study: Pandemic Spurs New Ways to Buy and Sell Cars Digitally

Cars.com, a digital automotive marketplace and solutions provider, has shared its latest data identifying six trends for the second half of 2020. The pandemic has served as an accelerant for automotive, igniting the rapid digital transformation of the industry, the company says. Cars.com believes the digital shift will advance the industry and change car buying… Continue reading Study: Pandemic Spurs New Ways to Buy and Sell Cars Digitally

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