BMW i4 (Image: BMW.co.uk)

Traditional carmakers could boost profits by accelerating move to electric

Analysis suggests electric operations will become rapidly more profitable than petrol and diesel arms within five years The world’s largest traditional carmakers could improve their profit margins and boost their value to investors by accelerating the transition to electric cars in the next decade, a new analysis has found. The electric carmaking operations of Toyota, Volkswagen,

VW e-Golf (Image: Volkswagen.co.uk)

Volkswagen already sold out of electric cars for 2022

Volkswagen is “basically sold out” of electric cars for this year in Europe and the USA, according to Group CEO Herbert Diess, as persistent bottlenecks in the supply chain are affecting global production. In the first quarter, the Wolfsburg-based group handed over 99,100 BEVs to customers worldwide across all brands. In Western Europe alone, the order

Fuel Included BMW i3 on static display (Image: T. Larkum)

EVS ARE THE FUTURE: A LIST OF ALL CARMAKERS WHO HAVE DECIDED TO PHASE OUT ICE VEHICLES AND GO ELECTRIC

Several automobile manufacturers have made pledges in recent months to halt or drastically reduce producing cars with internal combustion engines between 2030 and 2035. The latest was Audi, a subsidiary of Germany’s Volkswagen, which pledged Tuesday to launch only fully electric vehicles from 2026 and halt manufacturing cars with internal combustion engines by 2033. Here’s

2020 Renault Zoe (Image: Renault)

The Internal Combustion Engine Apocalypse Is On The European Horizon

Morgan Stanley analyst Adam Jonas wrote in a note to clients on Friday that global EV sales will grow 50% or more next year, while sales of internal combustion engine vehicles are expected to grow 2% to 5%. He also predicted that global EV penetration will rise from 4% to 31% by 2030. Those predictions