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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). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

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

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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. Earlier post.). billion (US$18.3

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Airbus forecasts 33,000+ new planes valued >US$5T over next 20 years

Green Car Congress

In the next 20 years (2016-2035), according to Airbus’ Global Market Forecast, passenger traffic will grow at an average 4.5% Urbanization and increased wealth in emerging economies particularly in Asia is powering air traffic growth. With a combined population of more than six billion people, these economies will grow at 5.6%

Asia 150
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Honeywell Transportation Systems Forecast: turbocharged vehicles to account for 48% of annual global sales by 2021; electric boosting emerges

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Honeywell’s Transportation Systems Forecast projects that turbocharged vehicles will acount for 48% of annual global sales by 2021, up 9 percentage points from 2016. In addition, Honeywell’s forecast calls for electric boosting products to help support compliance with more stringent national environmental standards.

Global 150
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Pike Research updates xEV forecasts; projects Ford to lead US PEV market, followed by GM

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Pike Research has published an update to its earlier forecasts on xEVs: hybrid (HEVs); plug-in hybrid (PHEVs); and battery electric vehicles (BEVs). As a result of new assumptions, Pike Research has slightly reduced its forecasts for plug-in vehicles (PEVs: PHEVs and BEVs combined) from past forecasts. million in 2020, or 2.1%

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Navigant forecasts global medium- and heavy-duty alt powertrain sales to exceed 820K units in 2026

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According to a new forecast report from Navigant Research, global commercial alternative powertrain medium- and heavy-duty vehicle (MHDV) sales will grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026, representing a CAGR of about 9%. Medium- and heavy-trucks represent 4.3% of vehicles in the US, drive 9.3%

Global 150
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WEC report: EVs need 16% market share by 2020 for fuel economy standards to be met

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Electric vehicles (EVs) will need to increase their combined market share to 16% by 2020 for markets to achieve the aggressive fuel economy standards set by regulators, according to new research by the World Energy Council, the UN-accredited global energy body representing the entire energy spectrum. In the EU, the EV gap is 1.4