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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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BYD NEV sales up 262.9% YOY in October

Green Car Congress

positioning BYD as a dominant player in China’s plug-in hybrid vehicles market. Globally, the DM-i model also holds an important position. The Qin Plus DM-i and Song Plus DM-i took the 4 th and 8 th places, among PHEV market worldwide in August with sales of 13,043 and 8,731 units respectively. BYD’s e-platform 3.0

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

Green Car Congress

This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040. Under the new forecast, EVs will displace 8 million barrels of transport fuel per day and add 5% to global electricity consumption (1,800 TWh by 2040 up from 6TWh in 2016).

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BYD celebrates 7 million new energy vehicle (NEV) production milestone

Teslarati

There was a time when BYD’s sustainable vehicle efforts were seemingly brushed aside by industry leaders like Tesla CEO Elon Musk. That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global auto industry.

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Mitsubishi wants to launch Australia’s cheapest electric car, but there’s a very expensive reason it might not

EV Central

Mitsubishi Triton to target BYD Ute and Ford Ranger with all-new plug-in hybrid system READ MORE: 2023 Mitsubishi Outlander PHEV long-term review: Laziness destroys our fuel savings, but plug-in potential is clear READ MORE: Is this a window into the Mitsubishi Triton’s all-electric future in Australia? 2024 Mitsubishi Triton.

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EVs dominated the UK car market in December

Push EVs

The UK’s auto market saw plugin electric vehicles take 39.4% Full electrics alone took almost a third of the market. Overall auto volumes were up 18% year on year in December, but still down compared to pre-2020 norms. plugin hybrids (PHEVs). PHEV volumes were essentially flat year on year, with 8,367 sales.

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Center for Automotive Research calls long-run economic risk to auto industry of mandating permanent fuel economy standards very serious; recommends periodic reviews

Green Car Congress

Plug-in hybrids dominate market penetration in 2025 under CAR scenario IV (62 mpg CAFE standard). The CAR report, the US Automotive Market and Industry in 2025 , relies on technology and market forecast data from the National Research Council (NRC) and J.D. experienced a major shift to HEV and PHEV technology.