- Cars&Growth
- Posts
- Weekly News #2
Weekly News #2
This weeks hot topic:
Is Mercedes losing interest in electric vehicles?
Hello, readers! đź‘‹
Here’s what you’ve missed from the past week:
The feedback on the new M5 could be better… Here’s what the fans say:
The 2025 BMW M5 weights just too much with 5390lbs (2’440kg)
The 2025 BMW M5, despite its powerful 727 PS hybrid engine, has several drawbacks. The exterior design, especially the front, looks too similar to the standard 5 Series, according to most BMW fans, lacking distinctiveness. There’s also no distinctive side-intakes that most people miss. The car's substantial weight of 2.4 tons also negatively impacts its agility and performance. It’s 500kg (1100lbs) heavier that it’s predecessor! However, the interior is a highlight, offering a refined and sporty atmosphere with quality materials and advanced features.
Overall, while the interior impresses, the M5's design and weight leave much to be desired.
Is Mercedes changing their strategy again? Lot’s of money again invested in gas engines.
Mercedes-Benz is controversially choosing to invest substantial money toward their gas engine technology again, despite the clear global trend towards electric vehicles. While Merceds-Benz argues that improving internal combustion engines (ICEs) can bridge the gap in regions where EV infrastructure is not so good, it may appear as an attempt to extend the life of a fading technology?
Critics argue that such investments might be better directed towards accelerating EV technology, aligning more closely with environmental goals and market trends. On the other hand, it seems that Mercedes’ EV models aren’t really performing well. Big discounts on EQS models and so on.
China Market is really hungry… A danger to german brands?
Economists predict Chinese car brands will capture 33% of the global market by 2030, significantly increasing from 21% in this year. How?
This growth is not only driven by faster development, but also lower costs, and aggressive (low) pricing. Chinese automakers are expanding rapidly in markets like Europe and Africa, focusing on features and technologies that appeal to customers, including advancements in battery production. Tesla for example is already reducing prices aggressively to keep up with the Chinese prices.
China's rapid advancements and competitive pricing could pose a threat, especially in emerging markets. While German brands maintain a strong reputation for quality and luxury, they need to innovate and adapt fast to keep up the growing influence of Chinese manufacturers.
Talking about EV’s - Let’s take a look at the new sale numbers of EV vs. Petrol cars
In 2024, European electric vehicle sales have dropped by approximately 12%, primarily due to high purchase prices, which remain a significant barrier for many consumers. This decline contrasts with a 15% increase in hybrid vehicle sales, as hybrids offer a more affordable option for most people, typically costing 20-30% less than EV’s. For example, the average price of a new EV in Europe is around €50,000, which is significantly higher than the €30,000 average for hybrid vehicles. This price difference has led many buyers to opt for hybrids, which have therefore experienced a 15% increase in sales this year.
Petrol cars, which remain a major part of the European market, are also impacted by these trends. Despite a slight decrease in their overall market share, petrol cars still hold a significant portion of the market. Their average price of around €25,000 makes them more accessible than both EV’s and hybrids.
Reply