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Navigant Research forecasts plug-ins will be 2.4% of global new vehicle sales by 2023; luxury brands to represent about 50% of that

Green Car Congress

Navigant Research forecasts that plug-in EVs (which include plug-in hybrids and battery EVs), will represent 2.4% of total worldwide light-duty vehicle sales by 2023, or about 2.5 Accordingly, Navigant expects this luxury brand push to increase global sales of plug-in EVs significantly in the near term.

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

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Mercedes-Benz experienced a sharp increase in xEV deliveries in 2020, with more than 160,000 plug-in hybrids and all-electric vehicles sold worldwide (+228.8%), including about 87,000 units in the fourth quarter alone. We more than tripled sales of our plug-in hybrids and all-electric cars.

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Pike Research forecasts hybrids and plug-ins to grow to 4% of European market in 2020

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Pike’s projected vehicle sales by electrified drivetrain, European markets: 2012–2020. Pike Research forecasts that electric vehicles—conventional hybrids (HEVs), plug-in hybrids (PHEVs) and battery-electrics (BEVs)—will grow from 0.7% Pike Research forecasts that by 2020 more than 1.8

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Navigant forecasts hybrids to account for almost 4% of global LDV sales by 2020, plug-ins 3%

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Annual light duty electric vehicle sales by drivetrain, world markets: 2013-2020. In its latest forecast for hybrid and plug-in electric vehicle sales, Navigant Research expects that hybrid electric vehicles (HEVs), which today account for about 2% of global light duty vehicle sales, will grow to almost 4% of global LDV sales by 2020.

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Pike forecasts cumulative plug-in vehicle sales to reach 5.2M units worldwide by 2017

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Annual light-duty electric vehicle sales, world markets: 2011-2017. Pike Research forecasts that cumulative sales of plug-in electric vehicles (PEVs), the category that includes both plug-in hybrid and battery-electric vehicles (PHEVs and BEVs), will reach 5.2 Source: Pike Research. Click to enlarge.

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BYD Chairman forecasts falling profit margins in 2024

Teslarati

BYD Chairman Wang Chuanfu forecasts falling profit margins in 2024 but remains confident that the company will maintain stable profitability. BYD hopes to ensure stable profitability by improving sales. The company is aiming for a 20% sales growth this year. BYD sells pure battery electric vehicles (BEVs) and plug-in hybrids.

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BMW launches plug-in hybrid variant of X3; updates to other PHEVs

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At the 2019 Geneva Motor Show, BMW announced the market launch of a plug-in hybrid variant of the globally popular BMW X3. This makes it the first model of the brand to be offered with both a conventional combustion engine and a plug-in hybrid system—with the addition of a purely electrically powered version in 2020.

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