Trump pledges to reverse EV policy, new car day's supply, fast chargers are ramping up

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— CDG

1. What a Trump, Vance presidency could look like for the EV market

Presidential candidate Donald Trump and his new running mate J.D. Vance have shed light on their plans for the automotive sector, should their bid for the White House succeed in November.

Driving the news: During the final night of the Republican National Convention (RNC), Trump promised to end Biden’s EV “mandate” on his first day as President. Accomplishing this goal would save the car industry from “complete obliteration,” he added, while also “saving U.S. customers thousands and thousands of dollars per car.” … Read more

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2. New car days' supply shoots up due to sales disruptions

A widespread cyberattack on dealership management systems provider CDK Global, in late June, has led to some abnormalities in last month’s inventory data.

The intrigue: Although, month-over-month, inventory dropped by 200,000 units, the average day’s supply at the beginning of July was up 110% to 116 days … Read more

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3. EV charging sites set to outnumber gas stations by 2032

According to Bloomberg, 704 new fast-charging sites were completed over the course of Q2, up 9% from the previous quarter.

What’s more: The growth of EV charging infrastructure is on track to explode over the next decade, with new estimates placing the day chargers outnumber gas stations within eight years … Read more

• Hyundai is adding a 7-Seater Ioniq to its 2025 lineup.

• Police arrest a suspect in the murder of former Rolls-Royce design chief Ian Cameron.

• Solar power is expected to meet half of the global electricity demand growth in 2024 and 2025.

• Almost every BMW, Audi, and Mercedes EV is leased.

• The Volvo EX90 might be delivered to customers without key features.

Thanks for reading everyone.

— CDG