Latest news with #Dataforce
Yahoo
6 days ago
- Automotive
- Yahoo
Volvo reports biggest monthly sales drop of year, down 14% in July
Volvo Cars reported its biggest monthly decline in global sales this year, with volume down 14 percent to 49,273 in July. It is the fifth consecutive month the automaker has reported a sales decline of 10 percent or more. The last time Volvo reported a sales increase was in February, when its volume was up 1 percent. In 2024, led by arrival of the EX30 battery-electric vehicle, Volvo finished the year with record global sales of 763,389. Sign up for the Automotive News Europe Breaking News alerts and be the first to know when big news happens. The European Union's decision last year to increase tariffs on imports of China-made BEVs has been detrimental to the EX30. With a tariffs of 28.8 percent, up from 10 percent, the small SUV is now Europe's No. 12-selling BEV through six months, down from third place in 2024, according to figures from market researcher Dataforce. The tariff hit also dented Volvo's bottom line. 'That made it very difficult to sell that car with any type of margin,' Volvo CEO Hakan Samuelsson told Automotive News Europe July 17. 'It was impossible to continue importing it.' The EX30's slump contributed to Volvo's 10 billion Swedish crown ($1 billion) operating loss in the second quarter. Volvo expects a sales comeback for the EX30, which since April has being produced for Europe at its factory in Ghent, Belgium, instead of Zhangjiakou, China. 'We should move back to the [EX30 having sales and market share] levels we were at before the tariffs,' Samuelsson said. In July, Volvo's electrified models, which includes BEVs and plug-in hybrids, accounted for 45 percent of its total vehicle sales, a decrease of 21 percent compared to the same period last year. Samuelsson started his second stint as CEO on April 1, succeeding Jim Rowan. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Straits Times
01-08-2025
- Automotive
- Straits Times
China EVs recover in Europe to pre-tariff market share level
Sign up now: Get ST's newsletters delivered to your inbox Manufacturers led by BYD captured 10.6 per cent of all EV registrations in the region in June LONDON – Chinese automakers surpassed a 10 per cent share of Europe's electric-vehicle market in June, marking a full comeback from tariffs set in place in 2024 by the European Union. Manufacturers led by BYD captured 10.6 per cent of all EV registrations in the region, based on figures from industry researcher Dataforce. That was the highest since the record 11.1 per cent in June 2024, when carmakers rushed Chinese-built EVs into the bloc to beat EU duties imposed to counter state aid. On an absolute basis, Chinese automakers sold a record number of EVs in the EU, UK and EFTA countries that include Norway and Switzerland during June, Dataforce said. Still, their overall position in Europe remains a modest one. 'In the electric car market, European protectionism worked,' said Julian Litzinger, an analyst with Dataforce. Chinese automakers have made a number of adjustments to keep expanding in the region as they build local manufacturing capacity that would bypass the EU tariffs, which eventually took effect near the end of 2024. The levies vary by producer and apply to all Chinese-built EVs, including those made by Tesla, BMW and Volkswagen. MG, the British nameplate owned by Chinese state-controlled SAIC Motor, drew the highest tariff rate at 45 per cent including an existing 10 per cent EU import duty. It has pivoted away from pure EVs while ramping up sales of hybrid and combustion models. BYD, meanwhile, has kept up the EV push while adding plug-in hybrids to its repertoire. Its Seal U sport utility vehicle has vaulted the company from a standing start into Europe's top-ten for the plug-in category in the first half. Top stories Swipe. Select. Stay informed. World Trump modifies reciprocal tariffs ahead of deadline; rate on Singapore likely to remain at 10% Singapore PM Wong to deliver National Day message on Aug 8 Singapore Data breach involving Cycle & Carriage Singapore customer details under probe Singapore Man charged over kicking woman's face in Teck Whye Lane flat, leading to her death Singapore 'For one last time, let's go home': Tears, laughs as last scheduled Jetstar Asia flight touches down Singapore Over half of job applications by retrenched Jetstar Asia staff led to offers or interviews: CEO Life The Projector leaves Cineleisure, returns to Golden Mile Tower Singapore 3 men charged over living on the earnings of prostitution In June, BYD again led Chinese EV sales across the EU and the UK, based on figures from automotive adviser Jato Dynamics. The company's EV sales jumped 143 per cent in the first half, while Xpeng and Zhejiang Leapmotor Technology showed even larger gains. BYD has developed a fine-tuned pricing strategy given its cost advantages over European rivals, according to Jato analyst Felipe Munoz. The company has been aggressive with plug-in hybrids, but with fully electric cars, 'the gap with the traditional makers is not as big as you would imagine,' he said. Tariffs that add to the sticker price are one reason, but BYD has also made a tactical adjustment. 'They don't want to upset the European carmakers and make them complain again at the EU Commission,' Munoz said. 'They are now more cautious about giving very good prices.' Altogether, Chinese manufacturers captured a record share of all European auto registrations at 5.4 per cent in June, based on the Dataforce figures. To be sure, BYD and MG hybrid shipments have been lifted by dealer registrations and deliveries to high-volume channels like rentals that don't always reflect empiric demand, said Dataforce's Mr Litzinger. 'They pushed their registrations to themselves to a certain degree,' he said of BYD. BLOOMBERG
Bloomberg
01-08-2025
- Automotive
- Bloomberg
Chinese EVs Recover in Europe to Pre-Tariff Market Share Level
Chinese automakers surpassed a 10% share of Europe's electric-vehicle market in June, marking a full comeback from tariffs set in place last year by the European Union. Manufacturers led by BYD Co. captured 10.6% of all EV registrations in the region, based on figures from industry researcher Dataforce. That was the highest since the record 11.1% in June of last year, when carmakers rushed Chinese-built EVs into the bloc to beat EU duties imposed to counter state aid.
Yahoo
11-06-2025
- Automotive
- Yahoo
Germany most expensive European country to charge an EV in 2024
Germany is the most expensive country in Europe to charge an electric vehicle while Turkey is the cheapest, according to research from Charging costs diverge dramatically across Europe. In 2024, it cost an average €13.83 ($15.88) to fully charge an EV at home in Europe, up by an average of 0.5 percent, while a 100-km (62-mile) journey cost €3.79, according to research by price comparison service which used data from Eurostat for the 25 top-selling battery-electric vehicles. EVs are still about 70 percent cheaper to run than gasoline or diesel vehicles, the study said. Last year, it cost €25.73 to fully charge an EV at home in Germany and €7.06 per 100-km drive, making Germany the most expensive country in Europe. In 2024, Germany's full-year EV sales shrunk by 27 percent to 381,772, according to Dataforce, after consumers were deterred by a cut in previous purchase subsidies. Denmark was the second-priciest European country to charge an EV at €24.56 per full charge and €6.74 per 100-km drive. Denmark still boasts one of Europe's largest electric vehicle market share at 52 percent, according to Dataforce, even as tax exemptions are tapered. Sign up for the Automotive News Europe Focus on Electrification newsletter, a weekly wrap-up of the latest electric vehicle news, including interviews and global EV sales data. Ireland was in third place at €24.14 for a full charge and €6.62 per 100-km drive. Last year, 17,581 new EVs were registered in Ireland, according to Dataforce, as sales continue to be buoyed by purchase subsidies, tax breaks and grants. In Ireland, new EV registrations were up 26 percent to 11,482 after four months for a 15 percent share of the new-car market through April. EV sales across the rest of Europe grew by 28 percent to 759,415 after four months, according to Dataforce. Italy (+79 percent), Germany (+42 percent) and Belgium (+31 percent) all showed steep increases in EV sales. 'While the average cost of charging an EV at home has leveled off, significant price differences persist across the EU, with some countries, like Germany, still enduring high prices while others are enjoying falling costs,' Eoin Clarke, commercial director at said in the study. 'The differing price trends likely stem from the withdrawal of government support brought in during the energy crisis (some of which were more generous than others) and ongoing conflicts, which impact countries differently.' Meanwhile, the cheapest countries to charge an EV are primarily in central and southeastern Europe, where EV ownership is less popular because of the high purchase and charging costs compared with average local wages, the report noted. Turkey is the cheapest at €4.05 for a full charge. In Georgia, the second least-expensive country, a full charge costs €4.59 followed by Kosovo at €4.87. On average, a full charge in Europe costs 4 percent of net weekly income, the study said. Sign in to access your portfolio
The Journal
11-06-2025
- Automotive
- The Journal
Irish car bonnets are getting taller every year, risking children's and pedestrians' lives
IRISH CAR BONNETS are growing taller by half a centimetre each year, with some SUVs so high that a four-year-old child standing directly in front is invisible to the driver. Once associated with farming, but now a mainstream choice for commuting and school runs, urban SUVs are putting pedestrians and cyclists at greater risk in the event of a collision, a new report warns. Transport & Environment (T&E), a Brussels-based NGO, has conducted the first analysis of European bonnet heights, revealing the upward trend. It called today for legislation to cap bonnet heights. Over a quarter of Irish cars now have car bonnets of 90cm or taller, T&E told The Journal. When bonnet heights rise from 80cm to 90cm, the risk of death in a collision increases by 27% for vulnerable road users: pedestrians, cyclists, motorcyclists and scooter riders. That's according to a major study by Belgian researchers in 2023 which also found drivers of regular cars are at greater risk of serious injury in collisions with vehicles with high bonnets. Irish bonnet heights are rising by half a centimetre a year, in line with the EU trend. T&E, EEA, Dataforce, GlobalData, Euro NCAP T&E, EEA, Dataforce, GlobalData, Euro NCAP T&E also commissioned research from Loughborough University in the UK on the visibility of children standing in a central position to the front of vehicles with different bonnet heights. An average-height driver behind the wheel of a Land Rover Defender – a model that has been heavily marketed in Ireland – cannot see an average-height 4.5-year-old child directly in front of them, making pulling out from a driveway or parking space particularly risky. Advertisement By contrast, the driver of a small family car such as a Volkswagen Golf would be able to see a child of this height, 1.1m, at the same proximity. Vehicle blind spot analysis for drivers of average height for European adults, conducted by Summerskill / Loughborough University SDCA for T&E. At 115cm high, the Land Rover Defender is one of seven Jaguar Land Rover models with bonnets taller than 1m, with three models from Jeep also in this category. Almost 900 of these extra tall SUVs were registered in Ireland last year, an increase of more than 30% on new sales in 2023, data from the Society of the Irish Motor Industry shows. Three of the four bestselling new car models in Ireland last year were so-called crossover or compact SUVs. The top-selling Hyundai Tucson has a bonnet 89cm high, as does the Kia Sportage, while the Toyota RAV4′s bonnet is higher again at 93cm. Arms race James Nix, vehicles policy manger at T&E and author of the report, said higher fronted vehicles push the burden of risk and of reduced safety from those drivers to all other road users. This stops parents from letting children walk or cycle and leads to a vicious cycle of families making more journeys by car. Over half of primary school and over 40% of secondary school children in Ireland travel to school by car, census data shows. Nix likened ever higher bonnets to an 'arms race' by car manufacturers that is harming public space and the public good. Marketing of SUVs creates a vicious cycle whereby other drivers may feel they need a bigger vehicle too to feel safe on the road. Ian Lumley of environmental NGO An Taisce said bulkier vehicles were also bad for the climate, requiring more fuel. Related Reads Dublin TD calls for SUV-free zones as study shows these cars are more likely to kill More dangerous collisions T&E noted research indicating that whereas low bonnets tend to hit pedestrians' legs, giving them a greater chance of falling towards the vehicle or being deflected to the side, higher bonnets strike adult pedestrians above the centre of gravity, increasing the likelihood that they will be knocked forward and down and be driven over. Higher bonnets are also more likely to strike adults' vital organs. Graphic showing how pedestrians can fall when hit at speeds of up to 50km/hr common in urban areas. Ptak (2019) / T&E Ptak (2019) / T&E / T&E T&E argues that without policy change, the current trend of increasing bonnet height will mean a significant proportion of all cars will have bonnets higher than 90cm in the coming years. Neither national nor EU laws regulate bonnet height. T&E is now calling on the European Commission to impose a cap of 85cm. T&E says this height would give some protection to 95% of adult female pedestrians involved in crashes, as they would be struck below their centre of gravity, increasing their risk of survival. Higher taxes on bigger cars The NGO is also calling on the EU to introduce child visibility tests for vehicles to reduce blind spots, and for the dimensions of cars to be included on vehicle registration certificates to inform consumer choice. T&E also urged national governments to put higher vehicle and road taxes, as well as parking charges, on bigger cars. Between 2012 and 2024, average bonnet height in Ireland rose from 77.52cm to 83.67cm. (They're getting fatter too. ) Jaguar Land Rover and Stellantis, manufacturer of RAM and Jeep cars, have been approached for comment. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. 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