For OEMs like Cadillac and Volkswagen, the journey to expand their stake in the electric vehicle market continues, while Toyota is sharing its blueprints for AI-based road safety technology in order to keep the entire industry on track.
FROM WARDS AUTO: Sales of ‘Gently Used’ Vehicles Increase as New-Vehicle Prices Rise
As the price of new vehicles rises to an average of $38,000 per unit, gently used vehicles with low-mileage are the light at the end of the car-buying tunnel – with used inventory sales up to 40 million in 2018.
FROM FORBES: Toyota Offers AI-Enabled Crash Avoidance Tech to Rivals Amid Auto Safety Push at CES
At this year’s Consumer Electronics Show, the OEM shared its AI-based technology that monitors hazardous road conditions with the shared objective of mapping out a safer driving environment – for any brand.
FROM AUTOMOTIVE NEWS: VW Plans $800 Million EV Plant in Tenn.; Will Add 1,000 Jobs
By opening its first-ever US plant dedicated entirely to battery-electric vehicles, the German manufacturer is moving at full speed toward its goal of selling 1 million electric units worldwide in the next six years.
FROM WALL STREET JOURNAL: Cadillac, Tesla and the Long Road to Cheap Electric Vehicles
Although national EV sales jumped 2.1% in 2018, high production costs mean luxury brands like Cadillac are the realistic first stop on the journey to bringing eco-friendly inventory into the mainstream.