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Who is JD Vance? Things to know about Donald Trump's pick for vice-president
Former U.S. president Donald Trump on Monday chose Sen. JD Vance of Ohio to be his running mate as he looks to return to the White House.
Battery electric vehicles will be, on average, cheaper to produce than a comparable internal combustion engine by 2027 thanks to new manufacturing methods that are lowering production costs, market research firm Gartner said on Thursday.
Gartner expects production costs to drop considerably faster than the costs of batteries, which are the most expensive part of an EV and account for around 40 per cent of the vehicle's price.
Gartner said its analysis was driven by "innovations that simplify production costs such as centralized vehicle architecture or the introduction of gigacastings that help reduce manufacturing cost and assembly time."
Gigapresses are massive casting machines pioneered by U.S. market leader Tesla to make large single pieces of vehicle underbodies, streamline production and reduce the work of robots.
"This (the new technology) means BEVs will reach ICE cost parity much faster than initially expected, but at the same time, it will make some repairs of BEVs considerably costlier," said Pedro Pacheco, Vice President of Research at Gartner.
The market research firm expects the average cost of repairing an EV body and battery after a serious accident to rise 30 per cent by 2027. That could make vehicles suffering a collision more prone to a total write-off, as Gartner added that the repair could cost more than the residual value.
High costs tied to repairing EVs are already a concern among potential buyers. Gartner said there could be a consumer backlash if reductions in production costs come at the expense of higher repair costs.
It also expects that about 15 per cent of EV companies founded since the last decade will be acquired or bankrupt by 2027.
"This does not mean the EV sector is crumbling. It is simply entering a new phase where companies with the best products and services will win over the remaining," Pacheco said.
Former U.S. president Donald Trump on Monday chose Sen. JD Vance of Ohio to be his running mate as he looks to return to the White House.
Canada's ambassador to the United States says Sen. JD Vance, the recently announced pick for former U.S. president and Republican nominee Donald Trump's running mate, 'knows Canada well.'
The truck driver who caused the deadly Humboldt Broncos bus crash has applied to have his permanent resident status returned.
Sask. TikTok star "Be Brave" Bella Thomson has died. She was 10-years-old.
Rising sea levels are making each day slightly longer, and there's no sign it's going to stop, a new study funded in part by NASA and the Canadian government has found.
Pro Football Hall of Famer Terrell Davis said Monday he was 'humiliated' after being handcuffed and removed from a United Airlines flight, then later apologized to by law enforcement, over the weekend.
A Manitoba man who armed himself and rammed the gates of Rideau Hall with a truck in 2020 to confront Prime Minister Justin Trudeau has been granted statutory release.
A serial sex offender known as the "balaclava rapist" for attacking 23 women in Edmonton more than 40 years ago has been granted full parole while he continues to serve three concurrent life sentences.
Former U.S. president Donald Trump called for unity and resilience after an attempt on his life injected fresh uncertainty into an already tumultuous presidential campaign, while President Joe Biden implored Americans to 'cool it down' in the final stretch and 'resolve our differences at the ballot box.'
An event July 22 at Dynamic Earth in Sudbury will mark the 60th anniversary of the iconic Big Nickel, the largest coin in the world.
Cyclist Jagjeet Singh cruised through Montreal on Sunday morning as he rides across the country to raise money for a children's charity.
A rare ammonite fossil – about 75 million years old - has been discovered in eastern Saskatchewan.
Seven-year-old goalie Hudson Hardill is an unlikely Calgary Flames fan, being that he lives in Peterborough, Ont., and his dad Chris is a Toronto Maple Leafs fan.
A WestJet employee's chance encounter on a recent flight spiced up her life in a big way.
A Kelowna, B.C., man says he's always liked gnomes because they have a 'bit of mystery' to them. And he recently got a taste of that whimsy when his garden gnomes disappeared, and came back to him in a peculiar fashion.
After more than 50 years, Toronto's iconic 'Leslieville dollhouse' will soon have a new owner.
One man is bringing a blast from the past to a Winnipeg community.
Some say a photograph is simply a memory frozen in time – and a high school graduation photo taken in Churchill, Man. takes that adage to a completely new level.