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Global EV Sales Expected to Triple in 2024

Brake & Front End

million sold vehicles. By 2028, the market is expected to hit over 17 million sold units, or 40% more than this year. Revenue in the electric vehicle market will also skyrocket in this period. This figure is expected to grow by an average of 10% per year and climb to more than $900 billion by 2028. million to 10.64

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Global EV Sales Expected to Triple in 2024

Tomorrow's Technician

million sold vehicles. By 2028, the market is expected to hit over 17 million sold units, or 40% more than this year. Revenue in the electric vehicle market will also skyrocket in this period. This figure is expected to grow by an average of 10% per year and climb to more than $900 billion by 2028. million to 10.64

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In good sign for service departments, age of vehicle population hits all-time high

Auto Remarketing

In recent years, several automakers have expanded the age eligibility limits for vehicles in their respective certified pre-owned programs. Both are good signs, given what S&P Global Mobility discovered about the average age of vehicles on the road. years, the average age of vehicles in the U.S. years compared to 5.3

Vehicle 52
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S&P Global Mobility: Average vehicle on road is 12+ years old

Tire Review Magazine

Vehicles on the road are getting even older, according to S&P Global Mobility. The average age of cars and light trucks in the U.S. Vehicle scrappage rates – the measure of vehicles exiting the active population – continue to hold steady, according to S&P. has risen again to a new record of 12.6 in January 2023.

Vehicle 52
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S&P Global Mobility: Average vehicle on road is 12+ years old

Tire Review Magazine

Vehicles on the road are getting even older, according to S&P Global Mobility. The average age of cars and light trucks in the U.S. Vehicle scrappage rates – the measure of vehicles exiting the active population – continue to hold steady, according to S&P. has risen again to a new record of 12.6 in January 2023.

Vehicle 52
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Is Vehicle Customization the Best Route to Shop Growth?

AutoInc.

These include vehicle wrapping film, paint protection film and tinted automotive window film. For example, Avery Dennison offers a comprehensive training program separately covering vehicle wraps , paint protection film and automotive window film applications. CAGR during the 2021-2028 forecast period ( Grandview Research ).

Vehicle 52
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Lotus Launches EV Charging Solutions

Tomorrow's Technician

Lotus recently launched multiple electric vehicle (EV) charging solutions, including an ultra-fast 450 kW DC charger, a power cabinet and a modular unit for charging up to four vehicles at once. Lotus said it has an order booking of over 19,000 vehicles for its Emira sports car and Eletre hyper-SUV.