Will Longer Battery Life Mean More Older EVs on the Road?

Contemporary Amperex Technology (Catl) in China announced it is looking to roll out a new battery for electric vehicles (EVs) designed to last more than 1 million miles and up to 16 years. The company also stated that it will supply its batteries to Tesla, which helped develop the battery, as well as BMW, Daimler, Honda, Toyota, Volkswagen and Volvo. Continue reading “Will Longer Battery Life Mean More Older EVs on the Road?”

How Much Money are You Wasting by Keeping Your Junk Car?

Experts from the automotive research firm IHS Markits say the average lifespan of a car or truck is eleven years old. Cars dating back to 2009 and older are considered to be outdated. Driving an older vehicle with over 100,000 miles can lead to various mechanical issues, such as engine failure. Fixing these issues can become quite costly and hurt your finances in the long run.

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Auto Airbag Market to Exceed $71 Billion in 5 Years

A report from ReportLinker showed that the global automotive airbag market is expected to grow to $71.8 billion by the year 2025. The firm said the growing market can be attributed to a number of factors, including technological advances in developing airbags, legislation mandating the installation of airbags in newer vehicles and “smart” airbags that come with sensors.

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