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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. Magna said it expects full-year 2024 sales of USD 42.6 billion to USD 44.2 billion to USD 45.4

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IDTechEx forecasts global production of electric LCVs to exceed 2.4M units annually by 2030

Green Car Congress

In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 European Light Commercial Vehicle Sales 2018. IDTechEx says that the light commercial vehicle market is uniquely positioned to rapidly transition to electric vehicles.

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BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

Green Car Congress

A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014.

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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.

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Navigant forecasts LD natural gas vehicles to account for 2.8% of global vehicle parc by 2024

Green Car Congress

Cumulative light-duty NGV sales by segment. In a new report , Navigant Research forecasts that light-duty natural gas vehicle (LD NGV) sales will grow 119% between 2014 and 2024, culminating in 42.1 of all vehicles on the roads. million LD NGVs sales in 2024. Forecasts Natural Gas' Source: Navigant.

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Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

Green Car Congress

In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5% million vehicles in 2015 to 3.9 Navigant forecasts that the number of light-duty NGVs on the world’s roads will double by 2025 to 39.6 million in 2025.

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Navigant forecasts global natural gas fleet of 34.9M by 2020

Green Car Congress

Cumulative natural gas vehicles in use by segment, world markets: 2013-2020. In a new report , Navigant Research forecasts that the number of natural gas vehicles (NGVs) on roads worldwide will reach 34.9 The differential in the cost of the fuels determines the payback on this additional equipment (currently between 2.5

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