![Global Electric Motor Sales Market](https://res.cloudinary.com/devmoveo/image/upload/v1693228367/skyquest/gallery/Global-Electric-Motor-Sales-Market.jpg)
Report ID: SQMIG25E2079
Report ID:
SQMIG25E2079 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
66 |
Figures:
70
In March 2024, Volvo unveiled a new variant of the XC40 Recharge, significantly reducing the cost of its electric vehicle (EV) with a starting price of Rs 54.95 lakh, excluding showroom fees, in India. This means the new single motor version brings down the price by nearly Rs 3 lakhs compared to the dual motor equipped version.
In March 2024, electric-vehicle startup Rivian Automotive unveiled two new SUVs that the company hopes will be a springboard for its sales. The first model, a midsize SUV called the R2, will have a starting price of around $45,000 and is due to go on sale in the first half of 2026, the company said. The new vehicle resembles a smaller version of Rivian’s $75,000 R1S SUV, and with it, the automaker aims to broaden its appeal by adding a more affordable EV to its lineup.
In February 2024, Volvo reached its highest-ever share of electrified vehicles as its new fully electric EX30 boosted EV sales. Although overall sales slid 2% last month, Volvo’s fully electric vehicle sales were up 14%, reaching a new record share.
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Report ID: SQMIG25E2079