Author: AWJ Research Desk

The world automobile industry is on the cusp of a transformative decade. Driven by environmental regulations, technological advancements, and shifting consumer preferences, the landscape of car ownership and mobility solutions is poised for significant change by 2030. Here, we explore the key trends that will likely shape the industry in the years to come. The Electric Revolution: Electric vehicles (EVs) are expected to dominate the market in 2030. Governments around the world are implementing stricter emission regulations, incentivizing EV adoption and phasing out internal combustion engine (ICE) vehicles. Major automakers are investing heavily in EV development, with a wider range…

According to a report from Moody’s Investors Service, new-energy vehicles (NEVs) are projected to constitute 50% of China’s car sales by 2030. This advancement marks a pivotal shift towards environmentally friendly transportation, driven by government incentives and an expanding charging infrastructure. The surge in NEV adoption, from a mere 1.3% in 2015 to 31.6% in 2023, has already surpassed Beijing’s 2025 target of 20%. The growth is fueled by subsidies for buyers, tax breaks for manufacturers, and robust development in charging facilities. Despite the optimistic outlook, Moody’s forecast is more conservative than UBS Group’s 2021 prediction, which estimated 60% of…

Recent comprehensive research orchestrated by ABB Robotics alongside Automotive Manufacturing Solutions (AMS) unveils significant hurdles facing the auto industry: Europe grapples with surging energy costs, while the US contends with elevated labor rates. This year’s investigation, marking ABB Robotics’ annual barometer survey’s second iteration, elucidates pressing concerns disrupting automotive manufacturing globally. A pronounced majority of European participants, surpassing half (53%), pinpoint escalating energy expenditures as a principal worry, showcasing a distinct divergence from Asian respondents, where only 38% echo this sentiment. Contrastingly, North American perspectives pivot towards labor costs, with 63% citing it as the paramount issue, undoubtedly influenced by…

Wuhan: A Chinese company has entered into a partnership to manufacture Slovak flying cars, which are designed for both land and air travel, capable of transforming from a car to an aircraft in just 3 minutes. The flying car, boasting a top flight speed of 300 kilometers per hour and a range of over 1,000 kilometers, has been developed by Slovak company Klein Vision. Klein Vision announced on Thursday that it had sold the production and sales rights for the Chinese market to Hebei Jianxin Flying Car Technology, based in Cangzhou, Hebei Province, in March. “We are excited to transfer…

China’s automobile industry is experiencing a significant boom in exports, including new energy vehicles (NEVs), positioning the nation as a burgeoning powerhouse in the global automotive market. This surge has caught the attention of international markets, including the U.S., which is considering policy restrictions in response. The China Association of Automobile Manufacturers (CAAM) reports a remarkable increase in vehicle exports, with figures exceeding 2 million units in 2021, a year-on-year growth of 103%. This momentum continued into 2022 and 2023, with exports reaching 3.3212 million and 4.91 million units respectively, the latter marking a 57.9% increase from the previous year…

Volkswagen Canada has announced a recall of over 86,000 Volkswagen and Audi vehicles due to a potential fire risk. The recall affects models including the 2015-20 Audi A3 sedan, the 2019-20 Volkswagen Jetta GLI, and the 2015-19 Golf SportWagen, primarily due to an issue with jet pump seals in the fuel tanks. The defect allows fuel to leak into the emission systems via charcoal canisters, posing a fire risk. Despite the potential danger, Volkswagen Canada reported no incidents of fire, crashes, or injuries related to this issue. The company estimates that less than 1% of the recalled vehicles contain the…

World Automobile Day is celebrated every year on January 29th. It marks the day in 1886 when Karl Benz, a German inventor, applied for a patent for his ‘Motorwagen,’ the first practical car that could be sold. This car, known as the Benz Patent-Motorwagen, was the world’s first petrol-powered car. However, 117 years prior, French inventor Nicolas-Joseph Cugnot had already constructed the first steam-powered road vehicle in 1769. Then, 39 years later, in 1808, François Isaac de Rivaz, a French-Swiss inventor, designed and built the first automobile powered by an internal combustion engine. In fact, it was 78 years after…

The UK Auto Sector is facing potential tariff risks due to the suspension of free trade talks between the United Kingdom and Canada. This interruption in negotiations could lead to tariffs being applied to British-made cars sold in Canada, a situation that the industry is keen to avoid. The existing trade arrangement between the UK and Canada, a continuation of terms established prior to Britain’s exit from the European Union, allows British car manufacturers to export vehicles with EU-manufactured parts to Canada without incurring tariffs until April. However, this privilege might be jeopardized if the current impasse in trade discussions…

Find critical insights into the evolving Autoworld landscape in the following article. It reveals important trends such as the dramatic shift towards electric vehicles (EVs), changing consumer preferences, and the unsettling waves of geopolitical instability and climate change that are affecting the sector. The article also discusses evolutionary advances in autonomous driving and cybersecurity. ♦ The transition to electric vehicles (EVs): Global EV sales are expected to grow from 6.6 million in 2021 to 40 million by 2026, according to IHS Markit. However, EVs still only account for a small fraction of total car sales. In 2021, EVs accounted for…

The transition towards greener fuels has ushered a modern day ‘encounter’ between battery-electric and hydrogen fuel technologies, especially in the realm of Green Heavy-Duty Transport. However, emerging from the shadows of this debate, Hydrogen Internal Combustion Engines (H2ICEs) are gaining traction as a viable bridge towards a more sustainable heavy-duty road transportation sector. Proponents argue that transitioning from fossil fuels to hydrogen within internal combustion engines is a feasible step. Despite the evident momentum, several intricacies surrounding H2ICEs continue to pose challenges. Recently, the allure of e-fuels revived interest in the potential of internal combustion engines, hinting at a possibility…