Connect with us

Technology

IDTechEx: Dispelling the Downturn of the EV Market

Published

on

BOSTON, May 31, 2024 /PRNewswire/ — Electric vehicle (EV) related news has been somewhat bleak in the first part of 2024; you will have heard a lot about the downturn in the EV market and OEMs scaling back plans. This might make one think that EVs are beyond their hype and that they will not be the solution of the future, but is that really the message we should be taking away? In this article, IDTechEx discusses the current statistics, the state of the market, and the outlook for the future.

What is happening with EV sales?

From 2015 to 2023, electric car sales have exhibited strong growth year on year, even during the period of COVID-19, when the automotive market had a large downturn. IDTechEx’s research (“Electric Vehicles: Land, Sea, and Air 2024-2044“) found that growth has averaged 50% year on year, with growth from 2022 to 2023 at 38%.

Considering 2024 so far, the IEA recently published data showing a decrease in EV sales in the first quarter (Q1) of 2024 of 20% compared to the final quarter (Q4) of 2023. This, at first, may seem alarming, but one should consider the trends throughout the year. Despite the strong year-on-year growth, there is a consistent trend of sales in Q1 being significantly lower than in Q4. However, Q1 sales year-on-year have continued to increase, with Q1 sales in 2024 being 30% higher than Q1 sales in 2023. Not only that, but electric car sales were up in all regions compared to the same period last year.

EV sales continue to grow rapidly, but these growth rates have slowed somewhat. IDTechEx found that the yearly growth peaked between 2020 and 2021 at 111% and has been decreasing since. However, this is an inevitability, it is not possible to have exponential growth forever; the sales of EVs are growing into an existing (and limited) automotive market.

Where are the concerns coming from?

Given that EV sales are still growing strongly, why do we see so many news stories about the downturn? Some are certainly playing to the ‘anti-hype’ in that it makes a more enticing headline to promote failure rather than to say, ‘EVs do well again’. Some of the scalebacks in production for vehicles and components may also be due to overinvestment and the growth rate being slower than some originally predicted. This, combined with the need for automakers to try and make their current EV platforms more profitable.

But there are more legitimate concerns, too, for the further adoption of EVs. One major limitation is the lack of models in more affordable price brackets. While there are excellent EVs on the market that now match or come under the average car price, it is still the case that the electric version is more expensive than the combustion equivalent of the same model, and there is yet to be much choice in models below the 25,000 euro (or equivalent) mark in western markets.

Charging infrastructure is still a key factor in consumer adoption. Most people who own EVs will charge at home overnight and occasionally utilize public infrastructure for longer journeys. However, many will see closed public chargers on their general travels, which is certainly off-putting, even if this situation is improving and public charging is not the primary mechanism. A major hurdle is for those who do not have access to a driveway or garage to charge. Innovations are happening here, with chargers being installed in lamp posts and parking garages. However, at the moment, this still leaves consumers at the mercy of housing providers, authorities, and charging network providers to install and maintain these systems. These owners are also more likely to require vehicles in the lower price brackets, which we are yet to see.

What does the future look like?

Despite the above concerns, EV sales continue to grow, and impending combustion engine bans are unlikely to be pushed further back. Demand is still present, but lower upfront cost models need to be available to fully address the automotive market’s potential. While there are concerns around charging infrastructure, these can all be addressed through various means but will take time and investment. In the long run, EVs will lead to a cleaner road network. IDTechEx’s report, “Electric Vehicles: Land, Sea, and Air 2024-2044”, predicts that electric car sales will exceed 50 million by 2035 across the globe, from over 18 million in 2024.

It is not just cars, with segments like buses, trucks, 2-wheelers, aircraft, and marine all looking to electrify with their own drivers, challenges, and stages of adoption. Forecasts across these categories for the next 20 years are provided as part of IDTechEx’s “Electric Vehicles: Land, Sea, and Air 2024-2044” report.

To find out more about this IDTechEx report, including downloadable sample pages, please visit www.IDTechEx.com/EV.

For the full portfolio of electric vehicle market research from IDTechEx, please see www.IDTechEx.com/Research/EV.

About IDTechEx:

IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com

Media Contact:

Lucy Rogers
Sales and Marketing Administrator
press@IDTechEx.com
+44(0)1223 812300

Social Media Links:

Twitter: www.twitter.com/IDTechEx
LinkedIn: www.linkedin.com/company/IDTechEx

Logo – https://mma.prnewswire.com/media/478371/IDTechEx_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/idtechex-dispelling-the-downturn-of-the-ev-market-302160731.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

CLIN OPS SOLUTIONS EXPANDS INDUSTRY IMPPACT THROUGH EXCLUSIVE EVENTS, NETWORKING DINNERS, AND EXPERT-LED WEBINARS

Published

on

By

Bridging talent, insight, and innovation—beyond recruitment

BOSTON, April 21, 2026 /PRNewswire/ — Clin Ops Solutions, a leading recruitment partner to biotech and pharmaceutical organizations, is redefining how clinical research professionals connect, learn, and grow.

Known for delivering top-tier talent across clinical operations, the company is expanding its impact through a curated portfolio of exclusive networking dinners, industry-focused webinars, and collaborative event experiences—designed to go beyond traditional recruitment and actively support career growth, knowledge exchange, and operational excellence.

“At Clin Ops Solutions, we recognized that the industry doesn’t just need connections—it needs meaningful conversations and shared insight,” said Sylvain Bédard, Founder and CEO. “Our events create spaces where leaders can openly discuss challenges, exchange ideas, and ultimately strengthen the future of clinical research.”

A New Model for Industry Engagement
Networking Dinners – Private, invitation-only gatherings that bring together senior leaders in clinical operations, regulatory affairs, and vendor management. These settings foster candid discussions on real-world challenges—far from the noise of large conferences.

Expert-Led Webinars – Timely sessions addressing critical industry trends, including site engagement, patient recruitment, study start-up inefficiencies, and vendor alignment. Each webinar delivers actionable insights from experienced professionals across the clinical research ecosystem.

Collaborative Industry Events – Strategic partnerships with organizations and industry experts to host panels, roundtables, and thought leadership discussions that tackle the most pressing operational challenges in clinical trials today.

Beyond Recruitment: Driving Career Growth and Industry Progress
While Clin Ops Solutions remains a trusted recruitment partner, its expanded initiatives reflect a broader mission: to empower clinical research professionals at every stage of their careers.

Through these events, attendees gain direct access to industry leaders and decision-makers, insights into evolving clinical trial challenges and solutions, opportunities to build meaningful, long-term professional relationships, and exposure to new career pathways and organizational perspectives.

This approach not only strengthens individual careers but also contributes to more efficient, connected, and forward-thinking clinical trial operations.

Supporting a More Connected Clinical Research Community
As the clinical research landscape continues to evolve, Clin Ops Solutions is committed to creating platforms that encourage transparency, collaboration, and shared learning.

By integrating recruitment with thought leadership and industry engagement, the company is positioning itself as more than a staffing partner—it is becoming a connector of ideas, expertise, and innovation.

About Clin Ops Solutions
Clin Ops Solutions is a specialized recruitment firm supporting biotech and pharmaceutical companies in building high-performing clinical operations teams. Through a unique blend of talent solutions, industry events, and collaborative initiatives, the company connects professionals and organizations to drive success in clinical research.

The company’s business development efforts are led by Jason Milovanovic and Leticia Tarilonte, both Vice Presidents of Business Development, who work closely with clients and industry partners to support growth, build relationships, and expand Clin Ops Solutions’ presence across the clinical research landscape.

View original content to download multimedia:https://www.prnewswire.com/news-releases/clin-ops-solutions-expands-industry-imppact-through-exclusive-events-networking-dinners-and-expert-led-webinars-302749129.html

SOURCE Clin Ops Solutions

Continue Reading

Technology

Chapters Health System Named 2026 USA TODAY Top Workplaces

Published

on

By

TEMPLE TERRACE, Fla., April 21, 2026 /PRNewswire/ — Chapters Health System, the nation’s leading chronic illness innovator and largest nonprofit hospice provider, proudly announced that it has once again earned the prestigious 2026 USA TODAY Top Workplaces award.

The award honors organizations with 150 or more employees that have created exceptional, people-first cultures. This year, more than 40,500 organizations were invited to participate. The winners are recognized for their commitment to fostering a workplace environment that values employee listening and engagement. USA TODAY showcased the winners online and at the National Awards Summit in Nashville.

“Earning the USA TODAY Top Workplaces once again speaks to the incredible momentum Chapters Health System has gained in driving a people-first culture while sustaining exponential grown through multiple affiliations on the West Coast,” said Andrew Molosky, President and CEO, Chapters Health System. “Thanks to our incredible team, we are proving that quality, growth, and culture can all thrive by leveraging our unique approach to healthcare.”

Winners are determined by authentic employee feedback captured through a confidential survey conducted by Energage, the HR research and technology company behind the Top Workplaces program since 2006. The results are calculated based on employee responses to statements about Workplace Experience Themes, which are proven indicators of high performance.

At Chapters Health, we believe that an engaged, mission-driven culture can transform healthcare,” said Nikki Romence, Chief People Officer, Chapters Health System. “This continued recognition is a testament to our nearly 4,500 team members across the country and their commitment to collaboration, innovation, and accountability. Their focus on our mission of taking care of patients, or taking care of those who do allows us to provide exceptional care to the thousands of families who depend on us each day.”

To learn more about career opportunities at Chapters Health System and the opportunity to change the future of healthcare, click here.

About Chapters Health System
Chapters Health System is boldly innovating the future of chronic illness care through its collective portfolio of more than 30 different companies and programs, including the nation’s largest nonprofit hospice network, PACE, value-based care such as CareNu, managed services organizations, technology solutions, advanced illness offerings, consulting, and more. Established in 1983 as a community-centered, nonprofit entity, Chapters Health has grown exponentially through its radical approach to healthcare that leverages a one-of-a-kind system to support patients, families, and caregivers across the country, while remaining grounded in the mission of taking care of patients, or taking care of those who do®. Chapters Health has been nationally recognized by Great Places to Work, Fortune®, USA Today, and others for being a top place to work. To learn more, visit www.chaptershealth.org, like us on Facebook or follow us on X and LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/news-releases/chapters-health-system-named-2026-usa-today-top-workplaces-302749035.html

SOURCE Chapters Health System

Continue Reading

Technology

CC&N Launches Data Center Day 2 Infrastructure Support to Sustain Performance in Live Environments

Published

on

By

Employee-owned company expands services to provide embedded teams that protect uptime, manage continuous change, and support long-term data center performance.

BROOKFIELD, Wis., April 21, 2026 /PRNewswire-PRWeb/ — As demand for data infrastructure continues to accelerate, CC&N is expanding its infrastructure support capabilities into data center environments. The Southeastern Wisconsin-based, 100 percent employee-owned company today announced the availability of its Data Center Day 2 Infrastructure Support services for mission-critical environments.

“Our Day 2 Infrastructure Support teams stay embedded in the environment, helping organizations manage change without compromising performance,” said Dan Witkofski, President of CC&N. “We focus on getting the details right so issues don’t surface later.”

While much of the industry focuses on data center construction and deployment, CC&N is building on its experience in those environments to support and maintain them once live, which includes ongoing operational support. Once infrastructure is installed, environments continue to evolve as systems expand, equipment changes and operational demands increase.

“At CC&N, we understand that the work doesn’t stop once a data center is up and running; we know that it shifts,” said Dan Witkofski, President of CC&N. “Our Day 2 Infrastructure Support teams stay embedded in the environment, helping organizations manage change without compromising performance. We focus on getting the details right so issues don’t surface later.”

CC&N’s Day 2 Infrastructure Support services provide embedded technicians who operate inside live data center environments as an extension of the customer’s team. Working within established workflows, ticketing systems and change management processes, these technicians help ensure consistency, accountability and precision across all infrastructure activities.

The service offering includes:

Support for moves, adds and changes (MAC)Troubleshooting of fiber, copper and rack-level connectivityProactive infrastructure maintenanceDisciplined labeling and documentation practices that preserve clarity and traceability over time

By combining physical infrastructure expertise with operational alignment, CC&N helps organizations reduce risk, improve response times, and maintain long-term system reliability.

“Day 2 support is about maintaining control in environments that are constantly changing,” Witkofski added. “We’ve long supported these types of needs for our customers, and now we’re bringing that same discipline and expertise directly into data center environments. Our teams bring the operational discipline and hands-on expertise needed to keep infrastructure organized, responsive and reliable as demands grow.”

CC&N’s approach is rooted in its employee-owned structure, where technicians take ownership of their work and remain engaged until issues are fully resolved. The company’s teams operate across hyperscale, colocation and enterprise data centers, supporting mission-critical environments where uptime is essential and precision matters.

As organizations continue to scale their data center operations, CC&N’s Day 2 Infrastructure Support services provide a structured, consistent approach to managing ongoing infrastructure needs without expanding internal headcount.

To learn more about CC&N’s Data Center Day 2 Infrastructure Support services, visit cc-n.com or contact the company directly to start a conversation.

About CC&N

Founded in 1985, CC&N is a network infrastructure company specializing in the design, installation, and support of mission critical connectivity systems. The company delivers structured cabling, Wi Fi, DAS, UPS, and data center infrastructure services, helping organizations stay reliably connected without disrupting operations. CC&N has spent decades building an experienced team that delivers customers depth of knowledge, exceptional craftsmanship, reliable on-time delivery and highly responsive customer care. The company has offices in Brookfield, Menasha, Eau Claire and Madison to provide both project and service work to small, mid-size and enterprise companies in a wide range of businesses and industries. CC&N is a 100% employee-owned ESOP and an OwnersEdge operating company.

About OwnersEdge

Based in Waukesha, Wis., OwnersEdge Inc. is a 100% employee-owned ESOP holding company that strives to invest in and build sustainable businesses throughout the Midwest. The operating companies within the OwnersEdge portfolio utilize their industry expertise to drive business growth and create value for stakeholders including customers, communities and the ESOP employee owners. The existing companies in its portfolio – Asche & Spencer, BAYCOM, CC&N, Implecho, QComp Technologies and EmbedTek – provide diverse products and services to a variety of market segments ranging from public safety to construction to manufacturing and music production. For more information, visit OwnersEdge.com.

Media Contact

Andrea Meyers, Stream Creative, 1 414-530-0704, andrea@streamcreative.com

View original content to download multimedia:https://www.prweb.com/releases/ccn-launches-data-center-day-2-infrastructure-support-to-sustain-performance-in-live-environments-302749076.html

SOURCE CC&N

Continue Reading

Trending