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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.

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. This is a downward revision from the $35B the firm forecast for ESG spending through 2020 in a report published last August. 2010 vs 2011 forecasts.

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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

Based on the results of the study, CAR believes the economic risk to the auto industry connected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.

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

Push EVs

plugin hybrids (PHEVs). We can see that BEVs have grown well whilst PHEVs have slightly declined. Regarding volumes, BEVs grew by 33% YoY to 10,956 units, while PHEV declined by 5% to 5,798 units. June’s result saw EVs take 59.2% combined share, which comprised 38.7% full electrics (BEVs), and 20.5% a year ago.

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Tesla Model Y strengthens its position in Sweden

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of all passenger auto sales! plugin hybrids (PHEVs). It terms of volumes, BEVs were up nearly 38% YoY, while PHEVs were down by some 19%. Outlook Sweden’s auto industry organization, Mobility Sweden , has recently downgraded its overall auto sales forecast for 2023, from 290,000 down to 265,000 units.

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Tesla Model Y wins UK bestseller spot in March

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of the auto market in March, down from 22.7% BEVs saw fractional market share growth YoY, and a new volume record, whilst PHEVs saw a slight decline. Overall auto volume was 287,825 units, up some 18% YoY, though still some 19% down from March 2019 levels. plugin hybrids (PHEVs). PHEVs slackened, with just 11.8%

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April 2023 – Good month for Volkswagen in the UK

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plugin hybrids (PHEVs). YoY overall market growth, BEVs grew volume 59% to 20,522 units, and PHEVs grew 33%, to 8,595 units. Most of the auto market’s volume growth, in fact, came from plugins. The body has revised down its forecast for 2023 full year BEV market share, from 19.7%, down to 18.4%. comprised 15.4%

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