According to IHS Automotive, EV sales are about to take off like a Model S on a freeway onramp. The research firm predicts that worldwide production of plug-ins will soar to more than 403,000 in 2014, a 67% increase. The Europe, Middle East and Africa region will account for the largest share of production at… Read more »
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Colorado-based UQM Technologies, a manufacturer of electric motors, generators and power electronic controllers, has closed on a $5.3-million offering of stock and warrants to institutional investors. The company plans to use the new funds for potential joint ventures, capacity expansion in new regions, and working capital for new business opportunities that are currently being pursued…. Read more »
The German government has set a goal to have one million electric cars on the country’s roads by 2020. “We will make our contribution toward this goal,” Volkswagen CEO Martin Winterkorn told reporters this week. However, according to Bloomberg, Winterkorn said that the goal was feasible only if plug-in hybrids are included in that million-vehicle… Read more »
As VW cautiously rolls out its electrified product line, it seems to see plenty of potential for plug-ins in China. The Volkswagen Group has five plug-in models ready for production, and four were on display at a press event in China this week. The four offerings spanned the price range, from the practical two-door VW… Read more »
Audi has been talking about a plug-in hybrid since at least 2011. In March 2012, CEO Rupert Stadler announced that the A3 Sportback e-tron PHEV was being tested, and would come to market in 2014. In March 2013, we got a look at the new PHEV in Geneva. She’s a front-wheel drive parallel hybrid with… Read more »
At Geneva’s enormous Palexpo convention center, it’s obvious we’re not in Detroit – there’s hardly a pickup truck in sight, and the wine and coffee are flowing freely. Reflecting Europe’s colorful collage of cultures, a vast variety of vehicles from hybrids to EVs to seven-figure super-sports cars are spinning on the turntables. Europe is just… Read more »
The German automakers are plugging in. Audi introduced its first PHEV, the A3 Sportback e-tron, in Geneva in February, and VW has promised an electric version of its blockbuster Golf later this year. Now Mercedes has unveiled its B-Class Electric Drive at this week’s New York Auto Show. Daimler hasn’t offered many details, but it seems that… Read more »