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Centre For Automotive Industry Analysis

October 25, 2021

American firms like Ford plan to electrify their entire mannequin line, having just lately launched the all-electric F-150 Lightning. GM is making a $27B funding within the EV market and announced plans to offer 30 all-electric autos by 2025. Despite the global pandemic-related economic crunch, it appears that the prospects for electric mobility are better than ever. While international auto sales plunged in the course of the COVID-19 crisis, the electrical mobility market has remained remarkably resilient in some countries.

automotive industry

While American retail shoppers are popping out once more to take a look at vehicles and vehicles, facilitated by digital retail tools and appealing low cost provides, fleet and business category consumers, particularly these in rental cars, are not. This is worrying as new car sales to rental car corporations accounted for about 10{6813f3f94a6310de727ec1148c1a37fe47745ad9cc55f3fd35607477109fe237} of the overall market, or 1.7m vehicles, final yr. Bankruptcy filings of Hertz and its parent company Advantage Rent A Car within the final week of May will probably weigh down US auto sales. However, provide chain points continued to plague production traces at major auto vegetation, as they confronted issues from suppliers in Mexico. While most crops within the US and Canada restarted by mid-May, …

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