Daily EV news · Global · 27 October 2026
EV Charging
Global EV infrastructure market to exceed 55 billion dollars by 2030, growing at 24.2% CAGR
The Business Research Company forecasts the electric vehicle infrastructure market will surpass 55 billion dollars by 2030, representing approximately 0.3% of the projected 21,691 billion dollar construction sector. The market is expected to grow at a compound annual growth rate of 24.2% through 2035, driven by increasing EV adoption and supportive government policies. The report, published in October 2026, covers market size, trends and forecasts for the 2026 to 2035 period.
Why it matters
The 24.2% CAGR signals sustained procurement opportunities across charging infrastructure projects globally, with the market's growth outpacing the broader construction sector. CPOs and contractors can anticipate expanding tender pipelines as the segment scales from its current niche position to a more substantial share of construction spending.
Siemens launches RapidSBx switchboard for faster EV charging station deployment
Siemens has introduced the RapidSBx switchboard, a UL 891 compliant power distribution unit designed to accelerate deployment of EV charging infrastructure in urban and remote locations including airports, shopping malls and grocery stores. The NEVI compatible switchboard features a NEMA 3R outdoor enclosure, customizable 3 VA branch breaker options, and safety measures including arc mitigation and seismic rating. The product is available through Siemens distributors and channel partners in the US, as announced in October 2026.
Why it matters
The made to stock switchboard addresses a key infrastructure bottleneck by offering rapid deployment capability for charging sites, potentially shortening project timelines for CPOs and fleet operators. NEVI compatibility and EUSERC certification position the product for federally funded charging projects across diverse site types.
Electric Vehicles
Proterial and FEV simulate amorphous alloy EV traction motor without heavy rare earths
Materials manufacturer Proterial and engineering services firm FEV have used simulation to evaluate an EV traction motor concept combining Proterial's amorphous alloy core material with its heavy rare earth free neodymium sintered magnets. FEV built a reference model of a 230 kW drive unit representative of modern passenger car BEVs with silicon steel, then evaluated the amorphous alloy through electromagnetic simulation. The concept is designed to exploit the alloy's lower iron loss at a higher maximum motor speed of 20,000 rpm, compared with 14,900 rpm for the reference, with the reduction ratio raised from 10.8 to 14.4.
Why it matters
The simulation demonstrates a potential pathway to reduce reliance on heavy rare earths such as terbium and dysprosium, which face resource constraints and procurement risk, while improving motor efficiency through amorphous alloy cores. For CPOs and OEMs, supply chain diversification away from constrained materials could lower long term procurement costs and improve resilience in EV drivetrain component sourcing.
BYD names Yangwang Altior ultra-luxury EV ahead of debut, targeting Rolls-Royce segment
BYD has revealed its new flagship electric sedan, the Yangwang Altior, which is set to debut next week and may feature coach doors and solid-state batteries. The vehicle sits at the top of BYD's brand hierarchy under its Yangwang sub-brand, which previously launched models with 1,300 horsepower quad-motor platforms. BYD's portfolio now spans from the sub-$10,000 Seagull hatchback to ultra-luxury models targeting Rolls-Royce, Bentley and Mercedes-Maybach.
Why it matters
BYD's push into the ultra-luxury segment signals intensifying competition at the premium end of the EV market, where higher margins could fund expanded charging infrastructure and influence procurement strategies for high-end commercial fleets. The potential debut of solid-state battery technology in a production vehicle would mark a significant technical milestone with implications for future charging requirements and infrastructure planning.
MG confirms Spanish factory for Go supermini from 2028, initial production in China
MG will build its electric Go supermini at parent firm SAIC's new factory in Ferrol, Spain, from 2028, with initial production starting in China in late 2027. The Go, priced from around £20,000, is expected to use the MG4 Urban's front wheel drive E3 platform with a 149bhp motor and battery options up to 52.8kWh offering 280 miles of range. SAIC joins Leapmotor, Geely and Chery in selecting Spain for European EV manufacturing due to competitive labour costs and government incentives.
Why it matters
The Spanish factory expansion signals growing European manufacturing capacity for affordable EVs, which will require charging infrastructure planning at production sites and across dealer networks. The sub £25,000 price point and 280 mile range target a mass market segment that will drive demand for accessible public charging as these vehicles reach fleets and retail customers from 2028.
Mercedes GLC 400 4Matic electric achieves 631 km real world range, 18% above EPA rating
The 2027 Mercedes GLC 400 4Matic electric SUV recorded 631 km in real world testing by Edmunds, exceeding its 533 km EPA rating by 99 km (18%). The vehicle consumed approximately 18 kWh per 100 km at the plug, 14% below the EPA rated 21 kWh per 100 km, according to the test published by Edmunds.
Why it matters
Real world range performance above official ratings reduces charging frequency for fleet operators and workplace charging planners. Lower than rated consumption figures directly affect operational costs and infrastructure sizing for commercial EV deployments.
Volvo EX60 production lags at 5,000 units despite 50,000 orders as Torslanda factory struggles with battery assembly
Volvo has taken 50,000 orders across Europe for its new EX60 electric SUV, but the Torslanda factory in Sweden has produced only 5,000 units since manufacturing began in April. The company spent £750 million upgrading the plant to build SPA3 based cars, but complex cell to body battery packaging with around 100 battery cells has slowed production. Rival BMW has taken 100,000 orders for its iX3, which launched in October and is now being built at 24/7 capacity in Debrecen, Hungary.
Why it matters
The production bottleneck highlights technical risks in scaling advanced battery assembly processes, a key consideration for charging infrastructure planners assessing EV rollout timelines. Slower than expected vehicle supply could delay fleet electrification projects and associated charging procurement in markets where the EX60 was expected to drive demand.
LEPAS unveils AURA Concept with Leopard Aesthetics design language in Wuhu
Chinese new energy vehicle brand LEPAS has revealed the AURA Concept at its Global Elegance Night in Wuhu, China, showcasing an evolved design language called Leopard Aesthetics. The concept features sculpted bodywork, aerodynamic detailing, and customizable lighting technology, building on porcelain inspired surfaces first seen on the LEPAS L8 SUV. Chief designer Ivan Dulanovic explained the design draws inspiration from the focused energy of a leopard, with distinctive Leopard Eye headlamps establishing a recognizable visual signature.
Why it matters
While primarily a design showcase, the concept signals LEPAS's positioning in the competitive Chinese new energy vehicle market, where brand differentiation and premium features increasingly influence procurement decisions. The emphasis on personalization and lighting technology may preview features relevant to future commercial and fleet applications.
Kia EV2 now available with 61kWh battery and 275 mile range from £27,930
Kia has launched the main EV2 range with a 61kWh battery offering up to 275 miles of range, replacing the limited run First Edition model that featured a smaller 42kWh battery with 190 mile range. The new lineup starts at £27,930 and is available across Air, GT Line and GT Line S grades, with efficiency rated at 3.81 to 4.08 miles per kWh. The announcement was published in EV Fleet World.
Why it matters
Fleet operators and workplace charging planners can now specify the EV2 with extended range that better suits daily operational requirements, while the sub £28,000 entry price point makes it accessible for volume procurement programmes seeking compact electric SUVs.