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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). BNEF suggested that only in Japan will PHEVs continue to play an important role after 2030.

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Navigant forecasts plug-in and fuel cell vehicles to be 2.5% of all vehicles in use in 2035; global parc of >2B vehicles

Green Car Congress

million new light-duty vehicles (LDVs) will be sold globally in 2014, putting more than 1.2 billion vehicles on the world’s roads. The company forecasts that annual LDV sales will grow to 126.9 over the forecast period—i.e., to more than 2 billion vehicles. over the forecast period—i.e.,

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Toyota and Lexus partner with WattTime to offer lower emissions EV charging program

Green Car Congress

Toyota Motor North America recently entered into an agreement with environmental tech nonprofit WattTime to provide certain health and environmental impact data to Toyota and Lexus customers with eligible vehicles to enable them to find ideal charging times to reduce emissions when charging at home.

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IDTechEx: Market value for hybrid electric vehicles to peak at $792 billion in 2027

Green Car Congress

In a new report—“ Full Hybrid Electric Vehicle Markets 2021-2041 ”—IDTechEx forecasts that market value for hybrid electric vehicles will peak at $792 billion in 2027. Several European countries have set out plans or regulations to ban the sales of new ICE vehicles in the 2030s.

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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 Furthermore, the market for vehicles that reduce fuel consumption is becoming more competitive due to other fuel efficient and alternative fuel technologies.

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Navigant forecasts MHD vehicle market to nearly double by 2035 with declining share of conventional engines; gases win out over electricity

Green Car Congress

The number of medium- and heavy-duty vehicles (MHDVs) in use worldwide will nearly double between 2014 and 2035, according to a new forecast report by Navigant Research. Navigant projects that annual MHDV sales will grow throughout the forecast period at a compound annual growth rate (CAGR) of 2.4%. Source: Navigant.

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New top model PHEV in the BMW 5 Series

Green Car Congress

With an increase from two to five models featuring innovative plug-in hybrid drive by November 2020, the new BMW 5 Series offers the largest range of PHEVs within one BMW Group model series. The system is controlled either from inside the vehicle or conveniently via the My BMW app. l/100 km; combined power consumption: 16.3 – 15.3

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