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S&P Global Mobility: average age of light vehicles in US hits record high 12.5 years

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With more than 284 million vehicles in operation (VIO) on US roads, the average age of cars and light trucks in the US has risen again this year to a new record of 12.5 In addition, the continued rise of light trucks/utilities means the number of passenger cars on the road will fall beneath 100 million for the first time since 1978.

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EIA projects global conventional gasoline and diesel LDV fleet will peak in 2038

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In the US Energy Information Administration’s (EIA’s) International Energy Outlook 2021 , released earlier this month, the EIA forecast that the global light-duty vehicle (LDV) fleet will grow from 1.31 of the global LDV fleet in 2020 to 31% in 2050, reaching 672 million vehicles. billion vehicles in 2020 to 2.21

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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. IDTechEx says that the light commercial vehicle market is uniquely positioned to rapidly transition to electric vehicles. million units annually by 2030.

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Researchers forecast light-duty vehicle electricity use in 2050 considering electrification, autonomy and sharing: 13-26% of total demand

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Considering electrification, autonomy and sharing (the “Three Revolutions”), a team from Boston University and the University of California, Berkeley projects that electricity use from light duty vehicle (LDV) transport will likely be in the 570–1140?TWh TWh range—13–26%—respectively, of total electricity demand in 2050.

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StreetScooter to form JV with Chery for electric light utility vehicles

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StreetScooter GmbH, a subsidiary of Deutsche Post and market leader for electric light commercial vehicles (eLCV), has signed a memorandum of understanding (MoU) with the Chinese automobile manufacturer Chery Holding Group (Chery) establishing a joint venture between the two companies. Total investment could be up to €500 million.

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Navigant forecasts plug-in and fuel cell vehicles to be 2.5% of all vehicles in use in 2035; global parc of >2B vehicles

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million new light-duty vehicles (LDVs) will be sold globally in 2014, putting more than 1.2 The company forecasts that annual LDV sales will grow to 126.9 over the forecast period—i.e., over the forecast period—i.e., —“Transportation Forecast: Light Duty Vehicles”. Source: Navigant.

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

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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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