'He's in our hearts': Family and friends still seek answers one year after Nathan Wise’s disappearance
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
Electric vehicle sales could reach 33 per cent globally by 2028 and 54 per cent by 2035, as demand accelerates in most major markets, consultant AlixPartners said on Wednesday.
EVs accounted for less than 8 per cent of global sales last year, and just under 10 per cent in the first quarter of 2022.
To support that demand, automakers and suppliers now expect to invest at least US$526 billion on EVs and batteries from 2022-2026, the firm said at its annual Global Automotive Outlook briefing. That is more than double the five-year EV investment forecast of US$234 billion from 2020-2024.
Those higher investments "have now made EV growth inevitable," according to Mark Wakefield, co-leader of the firm's automotive practice.
The industry still faces economic and supply chain challenges during the transition from internal combustion engine (ICE) vehicles to EVs, Wakefield added.
The transition will require "drastic changes to operating models -- not just plants and people, but the whole way of working," he said.
Some companies will benefit from separating their ICE and EV businesses, he added.
Raw materials for EVs also cost more than twice those for ICEs: US$8,255 per vehicle vs US$3,662 per vehicle, as of May 2022.
The ICE-to-EV transition will cost automakers and suppliers a cumulative US$70 billion by 2030, according to Elmar Kades, co-leader of the automotive practice, including bankruptcies and restructuring.
AlixPartners sees supply constraints continuing into 2024, and expects total global vehicle sales to dip to 79 million units this year, before climbing to 95 million in 2024.
In the United States, total vehicle sales are expected to rise to 16 million in 2023 and peak at 17.5 million in 2024 before starting to decline in 2025-2026.
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
Amazon's paid subscription service provides free delivery for online shopping across Canada except for remote locations, the company said in an email. While customers in Iqaluit qualify for the offer, all other communities in Nunavut are excluded.
The fire burning near Fort McMurray grew from 25 hectares to 5,500 hectares over the weekend.
Russia’s President Vladimir Putin began a Cabinet shakeup on Sunday, proposing the replacement of Sergei Shoigu as defence minister as he begins his fifth term in office.
Police are searching for a male suspect after a man was “slashed in neck” on Sunday morning in downtown Toronto and died.
There were some scary moments for several people on a northern Ontario highway caught on video Thursday after a chain reaction following a truck fire.
Health Canada announced various product recalls this week, including electric adapters, armchairs, cannabis edibles and vehicle components.
English, history, entertainment, math and geography: high school trivia teams could be quizzed on any of it when they compete at the Reach for the Top Nationals in Ottawa in June.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
Just as she had feared, a restaurant owner from eastern Quebec who visited Montreal had her SUV stolen, but says it was all thanks to the kindness of strangers on the internet — not the police — that she got it back.