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Toyota to debut 2 BEVs, 1 PHEV for US this year; says research shows BEVs & PHEVs have similar environmental benefits

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Toyota Motor North America (TMNA) plans to debut three new electrified models—two BEVs and a PHEV—in the US market this year. Toyota currently has more than 40% share of the total alternative fuel vehicle market, which includes a 75% share of the fuel cell market and a 64% share of hybrids and plug-ins.

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

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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. The European car market is expected to see a significant drop in sales for 2020 due to COVID-19 related shutdowns.

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Pike Research forecasts automotive Li-ion battery market to grow to almost $22B in 2020; China to become global leader in production by 2015

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Total lithium-ion transportation battery revenue by region, world markets: 2012-2020. In a new report , Pike Research forecasts that the overall market for Li-ion batteries in light duty transportation will grow from $1.6 Source: Pike Research. Click to enlarge. billion in 2012 to almost $22 billion in 2020.

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Navigant expects global market for automotive Li-ion batteries to hit $30.6 billion in 2024; almost 4x 2015 market

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In a new report, Navigant Research forecasts the global market for Li-ion batteries in light duty and medium/heavy duty vehicles will almost quadruple from $7.8 billion in 2015 to $30.6 Overall, Navigant expects the Li-ion battery capacity serving the automotive market (including light and heavy duty vehicles) to grow from about 15.9

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BYD, Toyota jointly to develop battery electric vehicles for Chinese market

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The two parties will jointly develop sedans and low-floor SUVs as well as the onboard batteries for these vehicles and others with the aim to launch them in the Chinese market under the Toyota brand in the first half of the 2020s. In 2008, BYD became the first company to sell mass production of plug-in hybrid electrified vehicles (PHEVs).

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Forecast: 3.2M Plug-in Electric Vehicles to be Sold Worldwide between 2010 and 2015; More Than 1M PEVs in 2015

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Pike forecasts that PHEV and BEV sales will reach just over 1 million units in five years (1,081,294 vehicles in 2015), with PHEVs accounting for 44% of that amount. million vehicles between 2010 and 2015 and a compound annual growth rate (CAGR) of 107% and 106% CAGR, respectively, between 2010 and 2015.

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Four China OEMs select Efficient Drivetrains for PHEV systems for buses

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The company will be supplying its EDI PowerDrive Plug-in Hybrid Electric (PHEV) drivetrains and EDI PowerSuite vehicle control software to Shaanxi Automotive; Ankai; Xiamen Jinlong; and Yaxing Motors as the companies work to rapidly offer electrified buses in response to government mandates.

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