![24 DMAX1](/imager/gallery/56809/24DMAX1_ac4358fb135aa81dd484ffed19f8ae96.jpg)
45 years of Isuzu in South Africa celebrated
ISUZU Motors South Africa is celebrating its legacy of producing ISUZU bakkies in the country over the past 45 years with the launch of the limited-edition D-MAX 45.
- Product News
- 26 July 2024
On 26 April, Reuters reported that according to the International Energy Agency (IEA) nearly one in five cars sold globally this year will be electric.
According to the same report, the prices of smaller EV models will also be dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s.
The agency raised its EV sales forecasts in part because of the US Inflation Reduction Act, which supports green industry and subsidises consumers' buying electric vehicles (EVs), IEA executive director, Fatih Birol, said on a media call.
China features prominently, making up half the EVs on the road worldwide, including battery-electric cars and plug-in hybrids, and with 60% of EV sales taking place there last year, according to the IEA's annual outlook on EVs.
The country has also seen prices for some smaller EV models edging lower towards those of their combustion engine equivalents, said the IEA's energy technology policy head, Timar Guell.
Electric car sales globally are expected to surge by 35% this year to 14 million units, the report said, comprising 18% of the passenger car market, up from just 4% in 2020.
"Our current expectation is that we can see price parity in small and medium-sized electric cars in North America and European markets somewhere in the mid-2020s... for larger cars like SUVs and pick-ups, purchasing parity is likely to come later, probably into the 2030s," Guell said.
Governments are investing in EV expansion out of concerns over the environment, to boost industrial policy and decrease dependency on oil, demand for which will fall by 5 million barrels a day by 2030 because of the EV transition, Birol said.
SUVs and large cars account for nearly two-thirds of EVs in China and Europe and a greater proportion in the United States.
In emerging and developing economies, two- and three-wheel electric vehicles outnumber cars. Over half of India's three-wheeler registrations in 2022 were electric, according to the study.
Enviro Automotive, an importer and distributor of battery-electric vehicles, has announced the introduction of the trendy Dayun Yuehu S5, a battery-electric mini-SUV.
Zero Carbon Charge calls on President Ramaphosa to announce in his Opening of Parliament Address on Thursday that the new Government of National Unity (GNU) will prioritise the transition to electric vehicles (EVs) and set out measures to do this.
Following extensive investments in 2022 and 2023 into public charging infrastructure, Audi South Africa is at it again.