EV Market and Technology Advancements Roundup

ChargePoint reports a 53% increase in charging sessions in 2023, as the EV market grapples with a 'chicken-and-egg' problem of charger investment and EV purchases, which may be remedied by government-funded chargers Yet, expansion is necessary, especially in rural areas A study by ISeeCars shows Tesla with the highest YOY depreciation of 28.9% among used EVs which dropped by 31.8% on average, much more than the average car's 3.6% drop. In advancing EV adoption and knowledge, partnerships like Eave and EVBox aim to install 10,000 charging ports in Spain by 2025, while New Mexico's state parks also provide campsite charging for EVs General Motors (GM), grappling with EV market challenges, pledges 2024 as the 'year of execution' to improve conditions while reducing pricing on models like the Chevy Blazer EV In the realm of high-performance luxury EVs, Cadillac teases its ''Opulent Velocity'' concept, while celebrating the 20th anniversary of its V-Series. Tesla appeals to loyal shareholders with early Cybertruck deliveries for large stake owners On the autonomous front, Waymo readies to launch fully driverless ride-hailing in Los Angeles and Austin Innovations in wireless EV charging see a 100 kW charging milestone by Oak Ridge National Laboratory.

Sony is launching its EV joint venture with Honda, dubbed Afeela, with Level 3 autonomous driving features Comparatively, tests of Chinese semi-autonomous vehicles show superiority over American systems, and the Insurance Institute for Highway Safety assesses current partial automation systems, finding most lacking in robust safety measures.