article thumbnail

Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade. billion to USD 44.2 billion to USD 45.4

article thumbnail

BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

PHEV 170
article thumbnail

GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

A further analysis, looking at the contribution to xEV growth of each OEM derived from the latest LMC light vehicle powertrain forecast, sheds further light on the returns expected. Despite being a pioneer in hybrid vehicles, Toyota was slow to implement BEV strategies; President Akio Toyoda announced the bZ EV brand only last year.

Global 370
article thumbnail

German ELAB study finds growth of alternative drivetrains to increase employment opportunities in auto industry

Green Car Congress

The researchers defined six different drive concepts and their components as essential for the future and examined them in detail: the mild hybrid; the full hybrid including its plug-in version; the range extender; all-electric vehicles with battery or fuel cell; as well as vehicles with combustion engines.

article thumbnail

PwC’s Autofacts forecasts global light vehicle assembly to hit 81M units in 2013, 101M by 2017

Green Car Congress

Strong growth in Developing Asia-Pacific, improving stability in the EU and investment in new technologies will drive the industry forward. Autofacts forecasts annual global light vehicle assembly to reach 101 million by 2017. Megatrends driving the global automotive industry, according to the analyst group: European Union.

2013 170
article thumbnail

Center for Automotive Research calls long-run economic risk to auto industry of mandating permanent fuel economy standards very serious; recommends periodic reviews

Green Car Congress

Plug-in hybrids dominate market penetration in 2025 under CAR scenario IV (62 mpg CAFE standard). The CAR report, the US Automotive Market and Industry in 2025 , relies on technology and market forecast data from the National Research Council (NRC) and J.D. employment in the US motor vehicle manufacturing industry in 2025.

article thumbnail

June 2023 – Tesla Model Y was the best selling car in Sweden

Push EVs

Full electrics grew share at a decent rate, while plugin hybrids retreated slightly. Overall auto volume was 28,283 units, up some 9% YoY, though still below pre-2020 norms. plugin hybrids (PHEVs). The Tesla Model Y was June’s best selling vehicle. June’s result saw EVs take 59.2% combined share, which comprised 38.7%

Sweden 52