11.6 million

By 2025, GlobalData expects global electric vehicle production to rise four-fold to more than 11.6 million units, accounting for 11.6% of global light vehicle sales by volume.

€20 billion

Stellantis has announced a software strategy “to deploy next-generation tech platforms, building on existing connected vehicle capabilities to transform how customers interact with their vehicles” and to generate €20bn in incremental annual revenue by 2030.

17.5%

2021 YTD share of the UK new car market taken by cars capable of being plugged in (BEVs and plug-in hybrids).

2.4 million

Estimated number of light vehicle sales lost to the semi-conductors shortage in the US in 2021.

500,000

The shift to EVs threatens over half a million ICE powertrain component jobs in Europe by 2035, a study commissioned by CLEPA suggests.

+6.4%

Despite supply shortages, new vehicle sales in China during the first 10 months of this year were still up by 6.4% at 20,970,000 units.

€2.6 bn

Although BMW Group vehicle deliveries were down 12% in the third quarter, it reported net profit for Q3 of EUR2,584m, 42.4% up on the same quarter last year.

Toyota bZ4X

Toyota has unveiled a new battery-powered bZ4X SUV, the first model in its new BZ (Beyond Zero) series of electric vehicles (EVs) based on a dedicated EV platform and designed for global markets. The new compact SUV is scheduled to be launched worldwide from mid-2022 including in North America, Japan, China and Europe. It is the first BEV on a new platform co-developed with Subaru.

Ineos Grenadier

Automotive startup INEOS is targeting 200 outlets for start of its Hambach-made Grenadier off-roader sales in July 2022, with partner agreements signed in Europe, Africa, Asia Pacific and Middle East. North America is planned to follow in 2023. INEOS is targeting 200 outlets for start of Grenadier off-roader sales in July 2022, with partner agreements signed in Europe, Africa, Asia Pacific and Middle East. North America is planned to follow in 2023. Prices in UK are expected to start from around GBP48,000 for the two door commercial vehicle version.

BMW iX

The flagship BMW electric SUV iX was new for the 2022 model year in North American markets, the first deliveries taking place in early 2022. In Germany, the first deliveries commenced in December 2021. In many countries, there are two versions: iX xDrive40 and iX xDrive50. An iX M60 would be added during 2022, BMW stating in June 2021 that it will have power in excess of 440 kW (600 PS). Production of this model is at Dingolfing, BMW Group's largest plant in Europe. The iX is put together on the same line as other models which have PHEV or combustion-only powertrains.

Toyota Tundra

The latest Tundra full-sized pickup is new for the 2022 model year. It gained a new frame architecture called F1 (or TNGA-F), coil springs for the back axle instead of leaf springs plus fresh engines and an aluminium-composite bed. There are two four-door options: Double Cab and CrewMax, as well as short bed, standard bed and long bed along with RWD and 4WD. The new Tundra will offer two powertrains: a twin-turbo V6 engine and a hybrid twin-turbo V6. What may be surprising to some is the hybrid powertrain will be the most powerful of the two.