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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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million electric vehicles to be sold globally in 2019. This will represent around a 40% growth rate, down from the 70% growth rate in 2018. million units—around 57% of the global market. Broader macroeconomic factors (higher interest rates and slowing consumer spending) will also impact global sales.

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IDTechEx forecasts global production of electric LCVs to exceed 2.4M units annually by 2030

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In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 European Light Commercial Vehicle Sales 2018. Forecast eLCV share of total global LCV market revenue. million units annually by 2030. Source: IDTechEx Electric Vans 2020-2030, ACEA.

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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

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Under current law, consumers may receive a tax credit of up to $7,500 if they purchase an eligible electric vehicle. The Driving America Forward Act raises the cap and allows purchasers of an additional 400,000 vehicles per manufacturer to be eligible for the tax credit. ITC Holdings Corp., ITC Holdings Corp., ITC Holdings Corp.,

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GM and Honda expanding partnership to codevelop series of affordable EVs in most popular vehicle segments; on sale in 2027

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General Motors and Honda plan to expand the two companies’ relationship by codeveloping a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology. —Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain.

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GM and Honda jointly to develop two next-generation Honda EVs on GM platform and Ultium batteries

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General Motors and Honda have agreed to develop jointly two all-new electric vehicles for Honda, based on GM’s highly flexible global EV platform powered by proprietary Ultium batteries. Honda also joined GM’s battery module development efforts in 2018. GM unveiled the platform and batteries in early March. Earlier post.).

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New Flyer’s 60' electric Bus Rapid Transit models become the first and only to complete FTA Altoona Testing

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New Flyer of America Inc., With NFA’s successful completion of Altoona Testing, US transit agencies can now utilize FTA funding in support of their purchases of 60-foot (battery and fuel cell) electric Bus Rapid Transit (eBRT) buses from New Flyer, further enabling smart mobility solutions for cities across North America.

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Pike forecasts 26.4% CAGR for electric-drive buses to 2018; hybrid, battery-electric and fuel cell

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Pike Research forecasts that the global market for all electric-drive buses—including hybrid, battery electric, and fuel cell buses—grow steadily over the next. from 2012 to 2018. Pike suggests that North America will experience a rebound in a few years, as the economy stabilizes along with public transit funding levels.

2018 276