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Volvo supports a ban on ICE cars after 2035

Although many European car manufacturers have abandoned the plan to become fully electric by 2030, and put their focus on hybrids, they still believe in the EU’s plans. One of them is Volvo, which believes that the EU must not abandon the ban on the sale of ICE cars after 2035.

At the beginning of 2021, Volvo announced that it is rapidly moving towards the complete electrification of its fleet by the end of the decade. However, production problems and a drop in demand for EVs showed that everything was too fast. This forced Volvo to change its plan and face reality.

The Swedish company has announced that it will continue to produce cars with internal combustion engines after 2030, but they will have mild hybrid systems and will be produced in limited series. Also, the plan is for PHEVs and electric cars to account for between 50 and 60 percent of total sales by the end of this year. This target is too ambitious if we consider the sales of the last few months when fully electric cars accounted for only 26 percent of the total sales.

Volvo and 49 other car companies have signed a declaration with which they unreservedly support the European Union’s plan to ban the sale of cars with internal combustion engines, which should enter into force from 2035.

Some car companies disagree with the Swedish manufacturer. Similar opinion is shared by officials in several European Union countries who consider the plan absurd and unsustainable. The goal of the European Union is cars without harmful emissions, but not at any cost. In theory, this leaves room for internal combustion engines that would use synthetic fuel or hydrogen.

Source: Euronews

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Fall in demand for Chinese EVs in Europe

For years, cheap EVs from China have been flooding the European market, destroying the competition, so the European Union has introduced additional tariffs on vehicles imported from this country, which are paying off. According to the latest data, demand for Chinese EVs has been declining for the past year and a half, and in August it fell by 50%.

For the second month in a row, the market share of Chinese manufacturers has been declining, and the data show that SAIC Motor is no longer the leader in Europe. This was also influenced by MG’s poor sales results (-65% in August), as the brand focused more on hybrid and plug-in hybrid cars. The new leader is BYD, which is one of the few that recorded sales growth (+10%).

According to some analysts, the biggest reason for the drop in sales is the additional tariffs that the European Union wants to impose on Chinese EVs. However, it should also be taken into account that the European market is currently facing a steady decline in the number of electric vehicles sold. Since the beginning of 2024, demand for EVs has fallen by 5.5 percent.

Car manufacturers will face stricter EU regulations on CO2 emissions in the coming year, as the current average emission limit for new vehicles should be reduced from 116 g/km to 94 g/km next year. European car manufacturers have once again called on Brussels to reconsider its climate goals.

Source: Reuters

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Hyundai manufactured its 100 millionth car

In 1967, the South Korean multinational automotive manufacturer Hyundai Motor Company and commonly known as Hyundai was founded. In its almost six decades of existence, it reached a historic achievement, 100 million vehicles produced.

On this occasion, a special ceremony was held at the factory in Ulsan, which is considered to be the historical place where South Korea’s automobile industry began. In this plant, Hyundai produced the first car in cooperation with Ford Motor Company in 1968, and in 1975, Hyundai developed its first car, the Hyundai Pony, which was also produced in Ulsan. Since then, Hyundai has expanded its operations around the world and now has production facilities in Turkey, India, the United States of America and the Czech Republic.

During this event, 100,000,001 were also delivered. copy, and it is about the electric Hyundai Ioniq 5, which was handed over to the new owner.

When it comes to the future, Hyundai recently announced that it plans to introduce 21 new electric cars by the end of the decade. Some of the new EVs to hit the market in the next five years is the high-performance electric vehicle, the N Vision 74.

This car was announced in 2022, and Hyundai’s executive technical advisor and creator of the N brand, Albert Biermann, did not show interest in this model in his earlier statements. His position is that the job of the N brand is not to produce show cars, but cars for young people and for enthusiasts, cars that are affordable and capable on the track. However, management seems to think otherwise.

Source: Hyundai

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