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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

The forecasters said that while plug-in hybrid electric vehicle (PHEV) sales will play a role in EV adoption from now to 2025, puer battery-electric vehicles (BEVs) will subsequently take over and account for the vast majority of EV sales. BNEF suggested that only in Japan will PHEVs continue to play an important role after 2030.

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BYD EV sales grew nearly 50% in January as exports reached a new high

Baua Electric

Interestingly, BYD’s all-electric vehicles are beginning to outpace its plug-in hybrids (PHEVs). BYD’s PHEV sales were up 21% to 95,715 last month. It’s about transitioning the auto industry for a sustainable future. Recent launches in Mexico, India, Australia, Indonesia, and Europe will also likely drive sales this year.

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