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Mitsubishi Motors forecasts 41% drop in retail sales in Japan over improper fuel consumption testing

Green Car Congress

Mitsubishi Motors Corporation (MMC) announced its forecasts for the FY2016 full-year (April 1, 2016 to March 31, 2017). The announcement on the FY2016 forecasts were put on hold to assess the future impact from the improper testing of fuel consumption announced in April. For FY2016 operating results, MMC forecasts net sales of ¥1910.0

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Nissan to launch all-electric minivehicle in early FY2022 in Japan

Green Car Congress

Nissan Motor plans to start sales of an all-new, all-electric minivehicle in Japan in early FY2022. NMKV is a 50/50 joint venture between the two companies engaged in product planning and project management for minivehicles sold in the Japan market.

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

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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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Fukushima Hydrogen Energy Research Field (FH2R) completed in Japan; aiming for low-cost green hydrogen production; P2G

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The technology also needs functions to optimize system operation according to hydrogen supply and demand forecasting. and Iwatani Corporation are working with NEDO on a technology development project that aims to establish a hydrogen usage business model and hydrogen sales business model for demand response. Tohoku Electric Power Co.,

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BloombergNEF expects 40% growth in global EV sales in 2019; 2.6M vehicles, 1.5M in China

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China’s market is in transition, and the recent annual doubling of sales every year looks unlikely to hold in 2019. Broader macroeconomic factors (higher interest rates and slowing consumer spending) will also impact global sales. BNEF expects North America sales to come in around 425,000 units, up modestly from 405,000.

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CAR: US light-duty vehicle sales to dip in 2019

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The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 CAR’s forecast includes a continuation of sales declines in 2020 and 2021 down to 16.5 CAR projects sales to rebound to 16.8 million units for 2019. million units in 2021.

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

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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. Engines Forecasts Fuel Efficiency Vehicle Systems' Regional growth projections. Source: Honeywell Turbo.

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