Vehicle Parts & Accessories

Sourcing insights and market trends for the vehicle parts and accessories industry.

The car battery of the automobile electrical system in the engine compartment

Benchmark: Li-ion Battery Boom Driving Fluorspar Demand

Fluorspar demand from the lithium-ion battery sector is expected to exceed 1.6 million tonnes by 2030, representing a significant portion of the overall market, according to Benchmark’s new Fluorspar Market Outlook. This mineral, primarily composed of calcium fluoride (CaF2), holds potential beyond its traditional uses in refrigerants, steelmaking and aluminum…

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charging station

Barriers to Entry – What’s Stopping More Consumers From Buying an EV?

We all know the benefits of driving electric cars. So what’s still stopping most drivers from making the switch? Without a doubt, the number of EVs on the road is rising fast. But many drivers are still choosing to buy petrol cars even when the time to change vehicles comes around. So what is stopping…

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Electric Volkswagen charging at Partking Lot in Gothenburg

T&E Study: Carmakers in Europe Are Failing To Deliver Affordable Electric Cars, Holding back EV Adoption

Just 17% of electric cars sold in Europe are compact vehicles in the cheaper B segment, compared to 37% of new combustion engines, a new analysis by environmental NGO Transport & Environment (T&E) finds. Only 40 fully electric models were launched in the compact segments (A and B) between 2018…

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Yamaha outboard engines at the stern of a small motor boat for excursions

Yamaha Unveils Hydrogen-Powered Outboard With Prototype Fuel System

Yamaha Motor unveiled the world’s first hydrogen-powered outboard for recreational boats along with a prototype fuel system integrated into a vessel that the company plans to further refine for testing later this year. (Earlier post.) The effort is part of Yamaha’s strategy to achieve carbon neutrality by deploying multiple technology…

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Honda Motor car and SUV dealership

Honda Had the Top-Selling Hybrid Models in US in 2023

Setting an all-time sales record in 2023, Honda hybrid-electric vehicles are now leading US sales charts, with the Honda CR-V hybrid the country’s best-selling hybrid model (197,317) and the Accord hybrid sedan the most popular hybrid-electric car (96,323). Last year, sales of Honda electrified models grew more than three-fold to…

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Electric vehicle charging station for charge EV battery

Lithium Leader Albemarle Cutting Capex and Jobs in 2024 To Adjust to Market Conditions

Leading supplier of lithium and lithium derivatives Albemarle is cutting its planned capex in 2024 from approximately $2.1 billion in 2023 to the range of $1.6 billion to $1.8 billion as the company adjusts to changing end-market conditions, particularly in the lithium value chain. Morgan Stanley’s “Best of Lithium Index” shows…

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