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There has been ongoing discussion about the resale value of electric vehicles (EVs) compared to internal combustion engine (ICE) cars. A closer look reveals that as EV adoption grows and uncertainty lingers among consumers about making the switch—coupled with limited and falling production of internal Combustion engine (ICE) cars—these market fluctuations are a natural response…
China’s strategy of establishing joint ventures with Western automobile technology companies was driven by the desire to learn and build its manufacturing capabilities, specifically for its own growing market. For Western corporations, these joint ventures offered something irresistible: access to the world’s largest and rapidly expanding consumer base. The allure of tapping into China’s market…
Although establishing a percentage estimate of how a plug-in hybrid electric vehicle (PHEV) depends on electric power versus the internal combustion engine (ICE) can vary based on several factors such as driving habits, battery capacity, and the overall design of the vehicle. There’s a generalized estimate which can be made: These percentages are approximations and…