With the rise of electric vehicles (EVs) and renewable energy, lithium batteries have become a hot topic in the automotive industry. NBC recently reported on multiple instances of lithium battery explosions, including an electric scooter that caught fire, killing a five-year-old girl and a 36-year-old...
The global semiconductor industry has seen immense growth in recent years, with innovations in automotive technology driving demand for advanced semiconductor components. The automotive semiconductor market is projected to be worth approximately $58,770.1 million in 2023, with a forecasted growth rate...
Electric vehicles (EVs) have gained popularity worldwide, with sales increasing significantly in recent years. However, the rise in interest rates could have a negative impact on the affordability of EVs and, ultimately, push them out of consumers' grasp. Let's explore the relationship between...
While electric vehicles are quickly becoming the dominant transportation mode in many cities, there are still some people who, although intrigued by the concept of zero emissions, don't want to give up their classic vehicle. The good news for car aficionados and collectors seeking to restore and...
Coffee grounds, lentils and eggshells sound more like items thrown into a compost bin rather than used in vehicle manufacturing. But, that's what the automotive industry is using to create stronger, lighter materials for the interior of some new cars.Food waste is still a global problem. Every day...
Just the name hydrogen fuel can bring about vivid images of the Hindenburg disaster — but automakers have been working for a long time to make these cars work viably and safely for the public, without the famous fiery crash that we all have in mind. That being said, these cars, also known as fuel...
As we enter a new year, we look back at some of the biggest stories from 2022. One major conversation was the ongoing supply chain crisis, which forced automakers to lower their production plans and increased the price of new vehicles. As demand for used vehicles rose, too, their prices also crept up...
Last year was a big one for the auto industry. Regardless of the pandemic continuing to put a damper on the economy, automakers were able to move forward with new technology and a shift in consumer demand. With many consumers now willing to spend more money on an electric vehicle (EV), microchip shortage...
In recent years, more Americans have purchased SUVs and crossovers rather than sedans. 2021 saw the number of global sedans on the roads rise by over 35 million, increasing emissions by 120 million tonnes. Sedans and wagons have fallen to only 31% of the market from over 50% in 2013. In the 1970s, market...
The auto industry is undergoing massive changes, which we can expect to take shape even further over the next year. From self-driving cars to the rise in EV technology and more, what will the future bring? Well, while we can't predict where we'll be a decade from now, if we're looking at...