In the evolution of the electric vehicle, 2022 will be remembered for its megafauna: massive electric trucks finally roamed the land, with equally outsized prices. Next year, however, should bring some subspecies — a diaspora of SUVs, including some slightly smaller options and, rarer still, a precious few with more modest window stickers. If you are in the market for a car, here are four prognostications to keep in mind.
You can expect to see more EVs at Costco.
Somewhere around 20 all-new electric vehicle models are expected to launch in the US over the next 12 months, roughly the same amount as debuted this year. Critically, however, many of them are aimed at a sweet spot in the American market, which is to say good for carrying cargo and families, and not extremely expensive.
Days ago, Nissan’s long-awaited Ariya finally rolled into dealerships with a starting price of $43,190. A few months from now, Chevrolet says it will add its Blazer EV at just shy of $45,000, followed by the smaller, cheaper Equinox EV in autumn. Kia’s EV9, a bonafide three-row, will probably land in somewhat affordable territory as well, if it tracks its smaller sibling, the EV6. And on the startup front, VinFast, a Vietnamese manufacturer, will debut with its VF 8, a small SUV priced at $40,700 (although the battery is packaged in a monthly subscription plan).
European drivers can expect many of the same options, plus a few that are strictly Continental, like the Jeep Avenger, a stubby SUV that stands as the brand’s first all-electric offering. It’s joined by some sporty station wagons, including the Opel Astra Electric and the Peugeot e-308 SW. In part because of their lower profiles, both cars boast impressive efficiency, posting road-trip-ready range figures with batteries far smaller than those found in most American EVs.
The $100,000+ market isn’t slowing down.
Plenty of swankier SUVs are in the offing this year, including a version of GMC’s Hummer EV, with a price tag squarely in six-figure territory; the first electric Lexus, dubbed RZ; an “Electrified” version of Hyundai’s GV70; two more small crossover-type things from Polestar, named simply 3 and 4; and at the top of the luxury pyramid, the Mercedes EQE and EQS. There’s even talk of a large electric Volvo.
We’ll also start seeing greater numbers of EVs like the Rivian R1S and Cadillac’s new Lyric, which are technically on the market but still uncommon on most American roads. On the truck side, GM will finally start stamping out its Silverado EV, a model that regularly wins more than half a million gas customers a year.
Manufacturing issues will barely ease up.
Those on the hunt for an electric SUV will see their choices double in 2023. But choosing a new whip and actually buying a new whip will continue to be very different things. Supplies will stay tight, prices will stay elevated and legacy automakers will still be eager to sell gas vehicles while they spool up almost the entire EV market.
Startup automakers, meanwhile, are still figuring out how to actually build an auto at scale. Rivian, for example, only made about 25,000 vehicles this year, although it has more than four times that many orders on its books. Lucid Group was aiming for just 6,000 to 7,000 EVs in 2022 after halving its production goals late in the summer.
S&P Global Mobility expects drivers around the world to snap up 10 million EVs in 2023, almost 14 per cent of the entire market, but they won’t come cheap. S&P warns that EV fever is pushing prices even higher and a rash of new incentives laid out in the Inflation Reduction Act will only lessen the sting slightly.
Making money on EVs won’t get much easier.
While the suits in Detroit, Seoul, Stuttgart and Tokyo may finally get the computer chips they need, the unit economics on electric vehicles are still crummy. Lithium-ion battery prices increased in 2022 for the first time on record, a 7 per cent bump. And some of the biggest brains in the business, including Toyota President Akio Toyoda and Rivian CEO and co-founder RJ Scaringe, worry that it will take years for the battery supply chain to catch up.
That’s why the best strategy for auto executives may be to stick with the simple bait-and-switch: get drivers hyped to go electric with low base prices, while predominantly stamping out far more expensive, higher-trim models. If you already can’t make enough cars, the logic goes, make the most profitable ones.
But if the economy stays on shaky ground and interest rates continue to climb, banking on indefinite demand may be unwise. “US consumers are hunkering down,” says S&P analyst Chris Hopson, “and recovery towards pre-pandemic vehicle demand seems like a hard sell”.
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
UAE currency: the story behind the money in your pockets
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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Saturday's schedule at the Abu Dhabi Grand Prix
GP3 race, 12:30pm
Formula 1 final practice, 2pm
Formula 1 qualifying, 5pm
Formula 2 race, 6:40pm
Performance: Sam Smith
The specs
Engine: 5.0-litre supercharged V8
Transmission: Eight-speed auto
Power: 575bhp
Torque: 700Nm
Price: Dh554,000
On sale: now
LAST 16
SEEDS
Liverpool, Manchester City, Barcelona, Paris St-Germain, Bayern Munich, RB Leipzig, Valencia, Juventus
PLUS
Real Madrid, Tottenham, Atalanta, Atletico Madrid, Napoli, Borussia Dortmund, Lyon, Chelsea
PREMIER LEAGUE FIXTURES
Saturday (UAE kick-off times)
Watford v Leicester City (3.30pm)
Brighton v Arsenal (6pm)
West Ham v Wolves (8.30pm)
Bournemouth v Crystal Palace (10.45pm)
Sunday
Newcastle United v Sheffield United (5pm)
Aston Villa v Chelsea (7.15pm)
Everton v Liverpool (10pm)
Monday
Manchester City v Burnley (11pm)
More from Neighbourhood Watch:
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
EGYPT SQUAD
Goalkeepers: Ahmed El Shennawy, Mohamed El Shennawy, Mohamed Abou-Gabal, Mahmoud Abdel Rehem "Genesh"
Defenders: Ahmed Elmohamady, Ahmed Hegazi, Omar Gaber, Ali Gazal, Ayman Ahsraf, Mahmoud Hamdy, Baher Elmohamady, Ahmed Ayman Mansour, Mahmoud Alaa, Ahmed Abou-Elfotouh
Midfielders: Walid Soliman, Abdallah El Said, Mohamed Elneny, Tarek Hamed, Mahmoud “Trezeguet” Hassan, Amr Warda, Nabil Emad
Forwards: Ahmed Ali, Mohamed Salah, Marwan Mohsen, Ahmed "Kouka" Hassan.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Match info
Bournemouth 0
Liverpool 4 (Salah 25', 48', 76', Cook 68' OG)
Man of the match: Andrew Robertson (Liverpool)
It
Director: Andres Muschietti
Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor
Three stars
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Empire of Enchantment: The Story of Indian Magic
John Zubrzycki, Hurst Publishers
Read more about the coronavirus
Results
Light Flyweight (49kg): Mirzakhmedov Nodirjon (UZB) beat Daniyal Sabit (KAZ) by points 5-0.
Flyweight (52kg): Zoirov Shakhobidin (UZB) beat Amit Panghol (IND) 3-2.
Bantamweight (56kg): Kharkhuu Enkh-Amar (MGL) beat Mirazizbek Mirzahalilov (UZB) 3-2.
Lightweight (60kg): Erdenebat Tsendbaatar (MGL) beat Daniyal Shahbakhsh (IRI) 5-0.
Light Welterweight (64kg): Baatarsukh Chinzorig (MGL) beat Shiva Thapa (IND) 3-2.
Welterweight (69kg): Bobo-Usmon Baturov (UZB) beat Ablaikhan Zhussupov (KAZ) RSC round-1.
Middleweight (75kg): Jafarov Saidjamshid (UZB) beat Abilkhan Amankul (KAZ) 4-1.
Light Heavyweight (81kg): Ruzmetov Dilshodbek (UZB) beat Meysam Gheshlaghi (IRI) 3-2.
Heavyweight (91kg): Sanjeet (IND) beat Vassiliy Levit (KAZ) 4-1.
Super Heavyweight ( 91kg): Jalolov Bakhodir (UZB) beat Kamshibek Kunkabayev (KAZ) 5-0.
Killing of Qassem Suleimani
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
Global state-owned investor ranking by size
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ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
Origin
Dan Brown
Doubleday
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
MATCH INFO
World Cup qualifier
Thailand 2 (Dangda 26', Panya 51')
UAE 1 (Mabkhout 45 2')
The%20specs
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Charlotte Gainsbourg
Rest
(Because Music)
