“Tesla’s growth is expected, but what’s more exciting to see is the fiery jump in sales for legacy automakers that have introduced new EVs onto the scene only recently,” said Robby DeGraff, industry analyst at AutoPacific.
Tesla new-vehicle registrations in the January-June period rose to 228,989 from 142,543 in the year-ago period. Registrations for luxury competitor BMW fell by 13 percent to 157,838 vehicles. Lexus saw a 19 percent drop to 133.616 and Mercedes was down 14 percent to 133.520, according to Experian.
Because Tesla doesn’t break out US sales, the registration data serves as a proxy for comparison with other brands in the US Registration numbers may include estimates and don’t track perfectly with official sales.
In addition to taking the luxury-segment crown, Tesla dominated the full-EV market among all brands, luxury and mainstream, with a 68 percent share, similar to last year. In the first half, EVs made
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WASHINGTON — Audi of America, Kia and Porsche said buyers of its electric vehicles will lose access to federal tax credits of up to $7,500 once President Joe Biden signs a $430 billion climate, health and tax measure.
The legislation set to be approved by the US House of Representatives on Friday “will have consequential impact on our business and to our consumers,” Audi said.
The brand said only its plug-in hybrid models will retain its existing federal credit through the rest of the year.
The bill makes any electric vehicles assembled outside North America ineligible for tax credits, which has brought criticism from the European Union, South Korea and many automakers.
The bill does allow credits for customers with binding contracts for vehicles not yet delivered when Biden signs the legislation.
Kia said in a letter to its US dealers that the bill means all of its EV and
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That maneuver, occurring around the industry, is putting even more financial pressure on Tier 1 companies as they deal with pricing pressures of their own, he said.
“We negotiate and we’re paying the difference,” D’Eramo said. “Most of the supply base is doing the same thing. We’re trying to work with our customers to make adjustments that are in line with the adjustments that we make with Tier 2s. That’s the fair way to do it.”
D’Eramo told an audience at an industry conference this month that several of his smaller European subsuppliers have recently gone bankrupt.
“I think every week we have a bankrupt subsupplier in Europe,” he said.
Suppliers are facing financial difficulties even as automakers report high profit margins and lower debt levels. Consulting firm AlixPartners estimates that automakers as a group reduced net debt by $103 billion, or about 11 percent, between 2020 and 2021, while
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Alibaba Cloud and Deloitte China have teamed up to launch a facility that focuses on developing applications for the automotive sector. The new center looks to tap a market they say will be home to the world’s largest autonomous vehicle industry by 2035.
Called Deloitte-Alibaba Cloud Auto Industry Center, the new site will develop applications that include autonomous driving, smart manufacturing, and digital marketing, the two partners said in a joint statement Tuesday.
The center will be supported by Deloitte China’s automotive cloud services team that specializes in products and services that encompass digital supply chain, intelligent network connectivity, and cybersecurity. Alibaba’s cloud computing resources spanning artificial intelligence (AI) and networking will also be tapped.
The two companies added that their partnership would look to facilitate the automotive sector’s cloud deployment and digitalization efforts.
Citing Deloitte’s research, Deloitte China’s automotive industry lead Andy Zhou said China was projected to be
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