Purchase intent for electric vehicles in the UK continues to rise, according to new research from EY 👉 https://lnkd.in/eMnN_h44 The results highlight important insights for dealers, OEMs, and CPOs alike ⚡ #ElectricDrives | #ElectricVehicles | #EV | #Emobility | #Sustainability | #AutomotiveIndustry | #CarSales | #ElectricCars Maria Bengtsson David Borland
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The future of the European automobile is electric!
The future of the European automobile is electric! 🚗⚡🔌 Hear Toni Fondevilla, Global Director of Automotive, discuss the transition towards electrification and what to expect for the future of EV supply chains. Watch the full video here: 👉 https://lnkd.in/ermJtCHF #MaerskEurope #Automotive #Supplychain #Logistics #Batterystorage #Warehousing #ElectricVehicles #Maersk #AllTheWay #Maersk
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The future of the European automobile is electric! 🚗⚡🔌 Hear Toni Fondevilla, Global Director of Automotive, discuss the transition towards electrification and what to expect for the future of EV supply chains. Watch the full video here: 👉 https://lnkd.in/ermJtCHF #MaerskEurope #Automotive #Supplychain #Logistics #Batterystorage #Warehousing #ElectricVehicles #Maersk #AllTheWay #Maersk
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Data Engineer @ A.P. Moller - Maersk | Integrated logistics| Data Analytics | Certified Agile Coach | PSM2 | IIMM | Lifelong Learner
The future of the European automobile is electric! 🚗⚡🔌 Hear Toni Fondevilla, Global Director of Automotive, discuss the transition towards electrification and what to expect for the future of EV supply chains. Watch the full video here: 👉 https://lnkd.in/ermJtCHF #MaerskEurope #Automotive #Supplychain #Logistics #Batterystorage #Warehousing #ElectricVehicles #Maersk #AllTheWay #Maersk
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Strategic Leader Driving Growth and Innovation | Sustainability Champion | Supply Chain Digitalisation | Industry Vertical Expertise Supply Chain Solutions | Stakeholder Engagement
The future of the European automobile is electric! 🚗⚡🔌 Hear Toni Fondevilla, Global Director of Automotive, discuss the transition towards electrification and what to expect for the future of EV supply chains. Watch the full video here: 👉 https://lnkd.in/ermJtCHF #MaerskEurope #Automotive #Supplychain #Logistics #Batterystorage #Warehousing #ElectricVehicles #Maersk #AllTheWay #Maersk
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I talk with businesses and Governments about Smarter Planning & Supply Challenges
In the automotive industry we now are seeing the classic effects of a phenomenon called the 'bullwhip affect. This same phenomenon touched very much every other product category during the height of the pandemic, with varying impacts. The shortages because of reduced production during mandatory COVID lockdowns, high perceived market demand because of shifting government and public sentiment towards EVs. But with interest rate raises higher costs for housing, groceries and insurance. There is a reduced capacity to borrow for many families. Traditional manufacturers of combustion engine cars also had these difficulties, but sales kept pulling through as many owners wanted to purchase traditional cars with a lack of charging infrastructure. If Manufacturers want to move stock, they may need to be part of the solution regarding capital finance for consumers. Sharp rates may help turn over inventory. LinkedIn News Australia #supplychain #demandmanagement #automotive #australia
Millions of electric vehicles are at risk of being left unsold over the next two years as a result of overproduction at a time of stalling consumer demand, according to private industry research seen by The Times. The global automotive industry expects to make just over 13 million EVs this year. However, global electric car sales are predicted to come in at around 9.3 million for 2024, with the oversupply of battery electric cars forecast to worsen over the next couple years, writes the paper. "If the projections are accurate, it means that in 2024, 2025 and 2026, the global industry will be making in excess of 20 million more electric cars than the market can absorb," automotive retail expert Paul Bennett wrote on LinkedIn. (Read his full post here: https://lnkd.in/dysnVJAt) That could result in price wars that will benefit consumers, as manufacturers look to offload EVs. However, in a separate report, the International Energy Agency (IEA) has talked down concerns about a global EV slowdown, instead predicting a surge in sales in 2024 as prices drop, reports the Australian Broadcasting Corporation (ABC). (Read more here: https://lnkd.in/da9282HM) The IEA says EV sales are up 25% in Europe and the US already this year compared with the same period in 2023. While the report did not mention Australian sales, data from the Federal Chamber of Automotive Industries showed 7.2% of new car sales last year were electric, up from 3.1% the year before. Where do you see the electric car market heading? Is a glut coming that could lead to big price drops for consumers? Comment below. 🖊️ Sam Shead and Marty McCarthy For more coverage of the tech and startup sectors, subscribe to Tech Wrap-Up Australia, a newsletter from LinkedIn News Australia: https://lnkd.in/TechWrapUpAU
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Centralising, digitalising and improving customs operations. Using cutting-edge technology, customs experts and our global reach to help customers gain visibility, control and cut costs.
The future of the European automobile is electric! 🚗⚡🔌 Hear Toni Fondevilla, Global Director of Automotive, discuss the transition towards electrification and what to expect for the future of EV supply chains. Watch the full video here: 👉 https://lnkd.in/ermJtCHF #MaerskEurope #Automotive #Supplychain #Logistics #Batterystorage #Warehousing #ElectricVehicles #Maersk #AllTheWay #Maersk
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CFO | CA (All India Ranker) | Create Value | Business Strategies and execution | Commercial | Growth Mindset
The future of the European automobile is electric! 🚗⚡🔌 Hear Toni Fondevilla, Global Director of Automotive, discuss the transition towards electrification and what to expect for the future of EV supply chains. Watch the full video here: 👉 https://lnkd.in/ermJtCHF #MaerskEurope #Automotive #Supplychain #Logistics #Batterystorage #Warehousing #ElectricVehicles #Maersk #AllTheWay #Maersk
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Millions of electric vehicles are at risk of being left unsold over the next two years as a result of overproduction at a time of stalling consumer demand, according to private industry research seen by The Times. The global automotive industry expects to make just over 13 million EVs this year. However, global electric car sales are predicted to come in at around 9.3 million for 2024, with the oversupply of battery electric cars forecast to worsen over the next couple years, writes the paper. "If the projections are accurate, it means that in 2024, 2025 and 2026, the global industry will be making in excess of 20 million more electric cars than the market can absorb," automotive retail expert Paul Bennett wrote on LinkedIn. (Read his full post here: https://lnkd.in/dysnVJAt) That could result in price wars that will benefit consumers, as manufacturers look to offload EVs. However, in a separate report, the International Energy Agency (IEA) has talked down concerns about a global EV slowdown, instead predicting a surge in sales in 2024 as prices drop, reports the Australian Broadcasting Corporation (ABC). (Read more here: https://lnkd.in/da9282HM) The IEA says EV sales are up 25% in Europe and the US already this year compared with the same period in 2023. While the report did not mention Australian sales, data from the Federal Chamber of Automotive Industries showed 7.2% of new car sales last year were electric, up from 3.1% the year before. Where do you see the electric car market heading? Is a glut coming that could lead to big price drops for consumers? Comment below. 🖊️ Sam Shead and Marty McCarthy For more coverage of the tech and startup sectors, subscribe to Tech Wrap-Up Australia, a newsletter from LinkedIn News Australia: https://lnkd.in/TechWrapUpAU
Electric car glut could tip manufacturers into crisis
thetimes.co.uk
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EU sales of battery electric vehicles increased by 50% last year In 2023, the European Union witnessed a significant surge in the registration of battery electric vehicles. A record 1.5 million new battery-only electric passenger cars were registered, boosting the total number to 4.5 million. This marks a remarkable 48.5% increase compared to 2022, when the total stood at 3 million. These insights are derived from the latest data published by Eurostat. The detailed statistics highlight the shift towards electric vehicles within the EU, indicating a clear trend towards greener transportation solutions. Innovation News Network https://lnkd.in/e9yiJH68 #electricvehicles #evs #greentransport #evsales
EU sales of battery electric vehicles increased by 50% last year
https://www.innovationnewsnetwork.com
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Following the shift in UK government, the automotive industry is set to experience significant transformations, particularly in the electric vehicle (EV) landscape. Points of interest include: - Re-introduction of the 2030 deadline for the end of new ICE car sales - Part-financing of new gigafactories through the National Wealth Fund - Accurate car labelling and battery health certification to boost consumer confidence. With the government’s new and supportive approach, the transition to electric is set to accelerate. Our new initiative, EValuate, fully embraces the adoption of emission-free vehicles. Read more in our recent blog from Scott Hamilton-Cooper below: https://bit.ly/3XZzFqj #UKAutomotive #ElectricVehicles #Sustainability #Innovation #FutureOfMobility #EV
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