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BYD Chairman forecasts falling profit margins in 2024

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BYD Chairman Wang Chuanfu forecasts falling profit margins in 2024 but remains confident that the company will maintain stable profitability. BYD sells pure battery electric vehicles (BEVs) and plug-in hybrids. The post BYD Chairman forecasts falling profit margins in 2024 appeared first on TESLARATI.

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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

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Navigant Research forecasts that plug-in EVs (which include plug-in hybrids and battery EVs), will represent 2.4% Accordingly, Navigant expects this luxury brand push to increase global sales of plug-in EVs significantly in the near term. —“Electric Vehicle Market Forecasts”. million units. Source: Navigant.

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

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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 The plug-in electric vehicle (PEV) will see substantial growth (48.4% Source: Pike Research. Click to enlarge.

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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 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 Pike’s projected vehicle sales by electrified drivetrain, European markets: 2012–2020. Click to enlarge. million HEVs.

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IHS Automotive forecasts global production of plug-in vehicles to rise by 67% this year

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Global electric vehicle production forecast for 2014. Driven by tighter emission standards in Europe, worldwide production of plug-in electric vehicles(PEVs)—including both battery-electric (BEV) and plug-in hybrid (PHEV) models—will increase by 67% this year, according to IHS Automotive, driven by Polk.

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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

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The company forecasts that annual LDV sales will grow to 126.9 over the forecast period—i.e., Hybrid-electric and natural-gas (HEVs and NGVs) will account for almost 8% of global share, while plug-in hybrid (PHEV), battery-electric (BEV), and fuel-cell electric (FCV) together will add up to almost 2.5% Source: Navigant.

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Benchmark: Lithium industry needs more than $116B to meet automaker and policy targets by 2030

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Benchmark’s high case scenario forecasts that 7.0 With the amount of lithium production forecast by Benchmark for 2030, only 3.2 The US is targeting a 50% penetration rate of EVs (battery, plug-in hybrid, and fuel cell) in new sales by 2030. Globally, Benchmark’s Lithium ion Battery Database forecasts that 43.7%