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EVs are about to get a lot cheaper under the Biden administration
Expect the cost of Prius Prime and other EVs to go down by many thousands of dollars under the Biden administration.
Factbox: What impact would a Biden presidency have on the auto industry? | Reuters -
Joint venture for BEV and hydrogen fuel cell vehicles
Source: Traton And Hino To Create EV/FCV Joint Venture
Traton (a subsidiary of the Volkswagen Group) and Hino (subsidiary of Toyota) signed a joint venture agreement for e-mobility - specifically battery electric and hydrogen fuel cell vehicles.
The two companies were already strategic partners since 2018, and now they intend to plan and provide e-mobility products, combining their unique strengths.
"They will form a team of advanced specialists from both companies and launch activities in Södertälje (Sweden) and in a second step in Tokyo (Japan). TRATON and Hino will team up to shorten lead times for future e-mobility products with battery and fuel cell technology. The two companies are convinced that both technologies will be needed in the future."
According to the press release, the JV will work on:
battery electric vehicles (BEV)
fuel cell vehicles (FCV)... -
BEV sales in USA
Source: http://www.autoline.tv/daily/?p=71508#more-71508
ELECTRIFIED VEHICLES OUTPERFORMING THE OVERALL MARKET
And speaking of car sales, as we reported earlier in the week, sales in the U.S. were down nearly 3% in October. But there’s one segment that’s more than holding its own during the downturn…electrified vehicles. According to Wards Intelligence, sales of battery electrics, hybrids and plug-in hybrids, were up a whopping 25% last month. BEVs, which for the most part is just Tesla, posted an increase of 5.4%. Hybrids were up an impressive 46%, while plug-ins declined about 2%. And for the year, electrified vehicle sales are down over 5%, which normally is nothing to celebrate but with the overall market down 17% through October,...
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