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A new research study predicts that the hybrid-electric vehicle market will increase from 2 million units sold worldwide in 2013 to 7.6 million in 2023. The pure electric vehicle (PEV) market will likewise increase in sales from 70,000 in 2013 to 2 million units by 2023.
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Toyota did not provide a timetable for when the Mirai would hit the market in Australia, but a smaller, cheaper version of the car is rumored to be released in 2019.
Read More →Although the overall fleet vehicle market depreciated by 12.1 percent over the previous year, the depreciation rate for cars was 14.8 percent and is expected to increase in 2015.
Read More →LAS VEGAS – Lexus continued its assault on the American luxury car market, announcing that it would begin supplying racing-inspired parts for its high-end vehicles.
Read More →DALLAS --- Evolution Fuels Inc. said it has formed two new subsidiaries to carry out its strategy of raising market awareness of renewable fuels.
Read More →MIAMI -- Ryder System Inc. said it has finalized an agreement to lease 25 compressed natural gas (CNG) vehicles to Fresh & Easy Neighborhood Market, a leading grocery retailer.
Read More →HERNDON, VA - When the refreshed 2011 Audi Q7 arrives in the U.S. market this fall, it will feature some powertrain updates for better efficiency.
Read More →Intendia specializes in integrated technology solutions for the heavy-truck market in Europe to help fleets adhere to European compliance laws.
Read More →Ford launched an updated Kuga SUV to the South Africa market that contains new connectivity features, a lower price, and an updated look.
Read More →The South American automobile market is expected to grow significantly by 2025, according to a forecast by IHS Automotive.
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