Remove Cars Remove Forecast Remove Global Remove Sale
article thumbnail

BloombergNEF: electrics to take 57% of global passenger car sales, 81% of municipal bus sales by 2040

Green Car Congress

BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date.

Sale 341
article thumbnail

Mercedes-Benz Cars tripled global sales of xEVs in 2020; 7.4% of sales

Green Car Congress

We more than tripled sales of our plug-in hybrids and all-electric cars. Our internal forecasts for 2020 indicate that we will have achieved the European CO 2 targets for passenger cars last year. At Mercedes-Benz Cars, the xEV share increased from 2% in 2019 to 7.4% The EQV (combined electrical consumption: 26.4

Mercedes 301
article thumbnail

S&P Global Mobility: average age of light vehicles in US hits record high 12.5 years

Green Car Congress

With more than 284 million vehicles in operation (VIO) on US roads, the average age of cars and light trucks in the US has risen again this year to a new record of 12.5 years, up by more than three months over 2022, according to the latest analysis from S&P Global Mobility. The newest Channel Forecast is set to be published in June.

Light 273
article thumbnail

Global EV Sales Expected to Only Increase by 21% in 2024

Electric Cars Report

The latest forecasts from global technology intelligence firm ABI Research find that global EV sales are expected to grow by 21% in 2024 and 19% in 2025. This represents a significant decline from growth rates of 31% in 2023 and 60% in 2022. “A

Global 62
article thumbnail

BNEF report: EV sales headed for 5.6M in 2021 as automakers target 40M per year by 2030

Green Car Congress

Passenger electric vehicle sales are set to jump more than 80% in 2021 to 5.6 The Factbook documents the progress that has been made towards global net-zero emissions in the road transport sector. The Factbook documents the progress that has been made towards global net-zero emissions in the road transport sector.

Sale 259
article thumbnail

ABB-sponsored report suggests global plans for 80 new EV battery gigafactories insufficient

Green Car Congress

A new report sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media auggests that concerns over EV battery supply to meet the escalation in demand poses serious risk to the growth of market share of electric vehicles, despite plans for 80 new global battery gigafactories. —Tanja Vainio.

Global 448
article thumbnail

Honeywell Global Turbo Forecast projects 49M turbocharged vehicle sales, $12B revenue per year by 2019

Green Car Congress

The automotive turbocharging industry will generate $12 billion in revenue by equipping 49 million vehicles with turbochargers annually by 2019, according to Honeywell Turbo Technologies’ 2014 Global Turbo Forecast. In addition to improving fuel efficiency, downsized turbocharged engines also reduce harmful exhaust emissions.

2019 261