Inside Automotive:
Will there be sufficient EV chargers to fulfill rising demand? Market Scan CEO Rusty West weighs in.
File-breaking demand and gross sales for battery-electric autos (BEVs) are being fueled partially by excessive fuel costs and a wide range of new fashions coming to market. Nonetheless, these autos, and their charging networks, have the potential to place a big pressure on the power grid. At this time on Inside Automotive, we’re happy to welcome again Rusty West, the President and CEO of Market Scan, to present us his perspective on EV charging in his house state of California. Watch the whole section here.
Headlines:
Ford and SK Innovation introduced again in Could of final 12 months that they’d be launching a three way partnership program referred to as BlueOvalSK. Working collectively, these two firms goal to provide 140 gigawatt-hours of electrical automotive batteries by 2030 in North America and hope to finish 240 gigawatt-hours of batteries globally. The enterprise is now finalized after greater than a 12 months after it was first introduced. SK On CEO David Hahm said, “SK on has the highest expertise within the battery area, resembling high-nickel batteries, and Ford is America’s favourite automotive firm. With the sturdy partnership between these two firms, we are going to safe unparalleled competitiveness within the international EV market.”
The 2023 Toyota Crown, one of many automaker’s hottest autos provided solely in Japan, is increasing globally for the primary time. Toyota‘s sixteenth technology Crown car will go on sale in 40 nations, together with the US. The least costly Crown will begin at $31,000. Manufacturing is anticipated to start out in January and it is going to be out there in 4 completely different designs: a hybrid crossover, a sedan that almost all carefully resembles the Crown seen in Japan, a sport-utility car, and a wagon crossover dubbed the “Property,” in accordance with the automaker.
Common Motors has partnered with Pilot, an American petroleum company, and BEV charging firm EVgo to provide a big community of quick EV charging stations alongside the freeway system all through the US. Late final week, Pilot introduced they’d set up about 2,000 chargers in 500 areas inside 50 miles of one another that might be able to function by the tip of 2023. They are going to be designed to cost as much as 350 kilowatts and accommodate electrical autos towing trailers.
A letter addressed to California Security Regulators arrived just lately from an alleged Cruise worker turned whistleblower. The letter states the EV robo-taxi firm is hiding security details about car crashes. Included within the letter are particulars that point out a “very chaotic surroundings” the place security considerations are tabled for months and go undisclosed. A Cruise spokesperson mentioned the corporate’s security data are each public and value being pleased with. Nonetheless, there have been a number of noteworthy incidents involving Cruise EVs in San Francisco – one involving a blocked fireplace lane that resulted in accidents.
Information & Opinion:
Social Promoting: What’s it and what are the advantages for automotive sellers?
Automobile dealerships have at all times been good at promoting vehicles. However in recent times, how individuals purchase vehicles has modified dramatically. So it shouldn’t be a shock to you to listen to increasingly persons are utilizing social media to analysis and buy autos. This shift has created a brand new alternative for automotive dealerships: social promoting. However what’s social promoting? Merely put, it’s utilizing social media to construct relationships, develop referrals, get leads and promote services or products. For instance, within the context of a automotive dealership, dealerships can use social promoting to attach with potential prospects, share details about autos, and finally drive gross sales. Learn Extra
Prime tricks to increase trade-ins and repeat enterprise
Stock challenges are nonetheless plaguing dealerships because the semiconductor scarcity and provide chain points proceed. Whereas new-vehicle provides have declined, the current focus has remained on acquiring and promoting used autos. Sixty-six % of sellers predict the used automotive provide to stay flat or pattern downward within the subsequent six months, in accordance with a ballot in a current Digital Air Strike webinar. Nonetheless, sellers face stiff competitors from a number of sources find used stock, so exploring the most effective methods to acquire extra autos is crucial. One efficient avenue is buybacks – – which implies your dealership wants many loyal prospects. Learn Extra
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