Automakers have invested plenty of time and money into
various fuel-saving technologies, over the past few decades. This includes
improvements such as direct injection, cylinder deactivation, and auto
start-stop features.
It is a difficult task to keep a track of the companies which have adopted these technologies. Luckily, the EPA’s 2022 Automotive Trends Report includes data that shows which automakers have adopted what technologies.
Uber drivers with iPhones will now be able to accept trip requests and navigate pick-up and drop-off spots via their car’s infotainment screen, via Apple CarPlay support offered on Uber’s app. Uber is initially rolling out the tool to drivers in the US.
Other than the ability to accept requests and navigating, Apple
CarPlay will allow drivers to add rides to their queue, view more route
options, see side streets in a better way, and check which areas are busy with
the help of heat maps. These processes will be made easier, as drivers won’t
need to look at their phones screens.
Tesla made quite a surprising announcement in January this
year, that it would be cutting prices on its vehicles by as much as 20%.
Even though price cuts are not new in the automotive world,
they surely are for Tesla. The company, which generally has been unable to keep
up with demand, has seen its order backlog shrink from 476,000 units in July
2022, to 74,000 in December 2022.
This has been attributed to robust production growth of
Tesla, which saw 2022 production increase 41% over 2021 (from 930,422 to
1,313,851 units).
Apparently, the days of “endless” demand of Tesla are over, Tesla
is going on the offensive by reducing its prices. This is a step that puts
pressure on competitors, but has also annoyed existing owners of this brand.
What is the most important factor you would look for, when
shopping for a new car? Statista states that it is neither design nor quality,
and not even safety, it is fuel efficiency.
Due to this reason, auto manufacturers are always looking
for clever ways to improve gas mileage in their cars. Beating the competition
by even the slightest of margins can give valuable bragging rights within a
segment.
This infographic uses data from the 2022 Automotive Trends
Report by EPA to list off the most fuel efficient cars from 1975 to 2023.
In this infographic, we have used data from the EPA’s 2022
Automotive Trends Report to list off the most fuel efficient cars from 1975 to 2023.
The data taken is from a government agency of the United
States, so it skews towards cars sold in North America.
Although the current position of Tesla in the Electric Vehicles market is at stake, because of all the negative headlines surrounding the company and the increasingly controversial CEO Elon Musk in recent weeks, it is not to forget the fact that the company’s cars are still very popular. Despite Musk’s Twitter takeover and the instability that came with it, it is still very early to determine if these factors will have a significant negative impact on demand for Tesla’s cars. Also, because Tesla very clearly currently positions as the maker of the most popular electric cars in the United States and in many parts of the world.
While many auto insurance companies responded with some reduced premium returns - in some cases up to 25% spring of 2020 in the form of insurance givebacks - was it enough? Time will tell.
In addition to insurance givebacks, there has been an emerging trend in the automobile world - to consider in auto insurance - the rise of autonomous vehicles. How will insurance companies properly a car that no human is driving?
Take a look for a visual deep dive on on how autonomous vehicles as well as insurance givebacks will impact the auto insurance market below:
Infographic by: autoinsurance
It’s been reported that Apple is planning a manufacturing
partnership with Kia Motors and intending on investing 4 trillion won ($3.6
billion) in the company as part of the partnership.
The partnership has been rumored to be aimed at Kia Motors building Apple Cars at its U.S. facility located in Georgia. The deal between the two companies may be signed as early as the 17th of February. Apple and Kia Motors are reportedly aiming to produce 100,000 vehicles per year once the manufacturing begins.
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