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A further analysis, looking at the contribution to xEV growth of each OEM derived from the latest LMC light vehicle powertrain forecast, sheds further light on the returns expected. and is an innovation leader with the highest number of patents filed amongst other global automakers. —Bakar Sadik Agwan.
In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. This is a downward revision from the $35B the firm forecast for ESG spending through 2020 in a report published last August. 2010 vs 2011 forecasts.
Global light vehicle assembly is expected to reach 81 million units in 2013, an increase of 2.3 While the global market is expected to see positive growth overall, there are a number of mixed signals at the regional level. Autofacts forecasts annual global light vehicle assembly to reach 101 million by 2017.
IHS Automotive forecastsglobal automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% in 2014 as a result of industrial overcapacity and weakness in the real estate sector. million, an increase of 2.4% North America. million units.
Further, according to the latest IHS Markit forecasts, the globalautoindustry will exerience an unprecedented and almost instant stalling of demand in 2020, with globalauto sales forecast to plummet more than 12% from 2019 to 78.8 during the global recession in 2008/2009. million units.
It is the first deliverable of the New European Industrial Policy outlined in an earlier communication. This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the.
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.
Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the autoindustry up to 1.5 —Mark Wakefield, a director in AlixPartners’ Global Automotive Practice. million units in 2011 and only 13.6 million in 2012.
Fuel efficiency, safety innovation, and vehicle styling will be the three most important product issues influencing automotive consumer purchase decisions over the next five years, indicating a perceived shift in buying priorities, according to the 12 th annual global automotive survey conducted by KPMG LLP. Investments.
Based on the results of the study, CAR believes the economic risk to the autoindustry connected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.
Tesla’s ( NASDAQ: TSLA ) delivery forecast is set to surge by one-third in 2022 from 2021, according to a new investor note from Wedbush analyst Dan Ives. “With EVs representing 3% of overall autosglobally and poised to hit 10% by 2025, there will be much more competition in a massively increasing share of the globalauto market.”
Rising global vehicle sales and profitability have encouraged automakers to continue to increase vehicle production, providing the global economy with some positive offset to the dampening impact of the recent surge in energy prices, according to the latest GlobalAuto Report released on Friday by Canada-based Scotia Economics.
The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 CAR’s forecast includes a continuation of sales declines in 2020 and 2021 down to 16.5 US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025. million units for 2019. million units in 2021.
The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. Nonetheless, it continues to forecast Chinese EV sales growth in 2020 over 2019’s total.
—Mark Seng, director, aftermarket solutions and global aftermarket practice leader at IHS Automotive. Looking ahead, IHS forecasts that average age of vehicles is likely to remain at 11.4 This while VIO is up 1.5%, a rate the autoindustry hasn’t seen in the US since 2004-2005. years through 2015, then rise to 11.5
BYD for the global BEV "crown". Because he, like every sharp observer, knows that Tesla , for all that it has succeeded in doing by way of innovation, leadership and support for the BEV sector as a whole, cannot convert the world's autoindustry to BEV single-handedly. All this energy devoted to Tesla v. look at profitability.
Connected car technology will also dramatically streamline Nissan’s global supply chain, bringing just-in-time logistics to increase manufacturing efficiency, from plants to the dealer. This strategy is about giving our customers more choices and new services to make the ownership experience better.
The transition to electric vehicles (EVs) continues to unfold globally. Continuing such growth of EV charging networks will ensure the proper infrastructure is available by 2035, when industry-insiders forecast EVs will account for about half of all vehicles in Europe. UK Removes Red Tape for EV Charging Installations The U.K.
million (2.1%) since last year and the highest annual increase the autoindustry has seen in the US since IHS began tracking VIO growth. —Mark Seng, global aftermarket practice leader at IHS Automotive. Looking ahead, IHS forecasts that average age is likely to hit 11.6 years in 2016 but not reach 11.7 until 2018.
Global rating agency Fitch Ratings expects the financial profiles of US automakers and parts suppliers to remain resilient in a downside scenario characterized by sluggish global economic growth and weaker-than-expected North American light-duty vehicle demand. Continued global. to be seen throughout the US auto sector.
One looming artifact of the pandemic that remains in 2023—the global chip shortage —has gratefully begun to recede. As Spectrum reported in the months since this story originally posted, the broken supply chains caused by the chip shortage have practically rewired whole segments of the tech industry.
Winterkorn noted that the industry is experiencing its worst crisis in decades, with a collapse in the global market of 18% in the first half of this year. Volkswagen is Europe’s largest automaker, and saw its global new vehicle market share increase to 11% during the first quarter of 2009. about 7% of global CO 2 emissions.
The plans, updated in the context of a worsening sales outlook for the entire autoindustry, outline a need for up to an additional $16.6 The plans, updated in the context of a worsening sales outlook for the entire autoindustry, outline a need for up to an additional $16.6 million units (57.5
Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the autoindustry. The rewards for successful execution will be great.
Leapmotor lands in Australia and declares it is studying a pick-up truck as ambitious global expansion ramps up READ MORE: Leap into the unknown! The local commitment to PHEV reflects a global swing back to hybrids across the autoindustry as the rate of EV adoption slows. READ MORE: Target BYD Shark 6!
InfluenceMap routinely ranks automakers and autoindustry associations based on how much they lobby to stop climate policy goals. Forecasts suggest the industry will only produce 53% EVs by 2030 at current pace. FTC: We use income earning auto affiliate links.
The Indian Electric Vehicle Market was valued at USD 5 billion in 2020, and it is expected to reach USD 47 billion by 2026, registering a CAGR of above 44% during the forecast period (2021-2026). The global electric vehicle market size was USD 246.70 The global electric vehicle market was valued at $162.34 billion in 2020.The
Similarly, in China, the sheer size of the autoindustry and the country’s ambitious clean-energy goals suggest a potentially huge market for electric cars. China overtook the US last year as the largest auto market in the world. . IHS Global Insight in Lexington, Mass.,
. “We are now in a position where the autoindustry has adapted to a constrained supply, and as a result is much less likely to be hit by significant disruption,” Mark Fulthorpe, S&P World Mobility govt director of worldwide bright car manufacturing, stated in a commentary.
At the Deutsche Bank GlobalAutoIndustry Conference Tuesday, Jacobson said GM will continue to produce cars based on demand. Although demand for electric vehicles is still growing, it’s less than some in the industry had expected, including GM. According to Jacobson, that’s still expected by the end of 2024.
China’s leading automaker, BYD , is reportedly planning to build yet another EV factory overseas as it looks to take on new global markets. Although BYD briefly surpassed Tesla in late 2023 to become the largest global EV maker, Tesla quickly took back the title in 2024 and has held it ever since. However, that could change soon.
At the Deutsche Bank GlobalAutoIndustry Conference Tuesday, Jacobson said GM will continue to produce cars based on demand. Although demand for electric vehicles is still growing, it’s less than some in the industry had expected, including GM. According to Jacobson, that’s still expected by the end of 2024.
“It’s really about the level of dedication companies have to the autoindustry,” he stated. “This is a just-in-time industry, so a lot of facilities have limited capacity for storing inventory,” You stated. “Maybe there’s some warehousing you can do off-site, but that costs money to do.”
Outlook The UK autoindustry body, the SMMT , note that the annual growth in auto sales is one of the bright spots in an otherwise gloomy UK economy. It’s still one of the worst outlooks, globally. The body has revised down its forecast for 2023 full year BEV market share, from 19.7%, down to 18.4%.
And while most crucial battery markets are now in surplus, shortages are already forecast toward the end of the decade as the greening of the economy accelerates. The autoindustry had shown signs of becoming an key source of funds, as companies such as Ford Motor Co. and General Motors Co.
The upshot is that in FY25, auto component makers remain optimistic about the India growth story and hopeful on the export front. So what explains this dichotomy between vehicle sales forecast and growing capex by component makers? This is a moderation over the FY24 growth but several factors will aid the sector.
We are in the midst of deep disruption to the autoindustry. As market forecasts show accelerating adoption of EVs, they also show rapidly declining sales of ICE vehicles putting further strain on the automotive supply chain. Traditional global Tier-1 system suppliers largely sat by the sideline.
As usual, much of the movement is temporary, due to shifting allocation priorities of popular models across many European (and global) markets, where overall demand for BEVs outstrips supply. On the flip side, Kia dropped from 7th to 14th, and Hyundai from 3rd to 10th. of the UK’s BEV sales in 2022).
Tesla also did not provide a specific forecast for 2021’s vehicle deliveries. He also highlights that Tesla is experiencing some challenges with the ongoing global supply shortage, though the company is working with its partners to address them. But considering the ongoing supply challenges, this may not be a bad strategy at all.
While the drop in January vehicle sales on a global scale is alarming, sinking 13.9% This means China’s latest sales figures will be a significant cause for concern for these companies, potentially requiring them to scale back revenue and profit forecasts. Global vehicle sales SAAR stood at 88.5 million units.
A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the autoindustry, federal government, the scientific community, and consumers—to be realized.
Lockdowns hit the autoindustry hard and vehicle sales plummeted. in May 2020, a catastrophic hit for any industry. Matt Bohlsen for Seeking Alpha states, “My forecast is for global electric car sales in 2022 to be {near} 10.4 EVs have also grown to a 4.4% market share up from 2.3% What’s Fueling the EV Revolution?
Amidst the COVID-19 pandemic, several conflicting reports about the future of EVs have emerged: some predict EVs to grow by 38% year-over-year, while others forecast a 43% drop. In order to envision what may lie ahead, it’s key to understand how the EV industry was evolving up until the novel Coronavirus outbreak.
Lockdown hit the autoindustry hard and vehicles sales plummeted. in May 2020, a catastrophic hit for any industry. Matt Bohlsen for Seeking Alpha states, “My forecast is for global electric car sales in 2022 to be {near} 10.4 market share, up from 2.3% What’s Fueling the EV Revolution? million and reach 12.5%
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