19 Sep, 2024
5 mins read

Technology Advances for Self-Driving Cars

Intense competition is set to make fully autonomous cars more of a reality, with recent advances enabling the autonomous car concept to go a step closer to realization. Conventional automotive CEOs and new economy technology moguls and emerging automotive competitors are all clamoring for a slice of cake that is anticipated to be in the […]

4 mins read

Global Demand for Electric Vehicles Soars

The international automotive industry is currently experiencing a massive transition to EVs as different countries’ administrations increase climate change mitigation actions. The latest data from various markets reveals an excellent trend of increased EV sales and, therefore, a rise in demand for such technology. In Europe, electric vehicle sales have grown to their highest level […]

3 mins read

Volkswagen Invests $5 Billion in Rivian, Outlines Path to Profitability

The electric vehicle manufacturer Rivian has secured a whopping $5 billion investment from the Volkswagen Group in a move that will help the company achieve its goal of profitability. This is especially so given that Rivian recently held an investor day event where the company’s top management provided an overview of the company’s strategy. This […]

3 mins read

Major Automakers End Production of Internal Combustion Engines by 2030

This is a synchronised action that marks a shift in the automobile industry as some of the biggest car manufacturers in the world announced that they will stop manufacturing ICE cars by 2030. This record-shattering pledge from an auto industry coalition comprising of players like Toyota, Volkswagen, Ford, General Motors, Honda, among others, is a […]