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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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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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Groupe Renault changes China strategy: light commercial vehicles and electric passenger cars

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Groupe Renault is setting a new strategy for China, based on Electric Vehicles (EV) and Light Commercial Vehicles (LCV). million units in 2019 and is forecasted to maintain a steady upwards path. With 860,000 electric vehicles sold in China in 2019, China is by far the largest EV market in the world. Chinese ICE passenger car market.

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BMW previews future 7 Series, battery-electric i7

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kWh/100 km according to WLTP; a range of 580 – 610 km (360 - 379 miles) according to WLTP; up to an estimated 305 mi EPA electric range (all forecast based on the vehicle’s development status to date)—and with it the entire new BMW 7 Series. In April, BMW will unveil the BMW i7, featuring combined power consumption of19.7 – 18.9

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Forecast puts global lead acid battery market at $76.44B by 2022

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forecasts that the global lead acid battery market will reach US$76.44 Growing preference for pollution free hybrid & electric vehicles along with technological development is expected to drive lead acid battery demand over the forecast period. In a new report, Grand View Research, Inc. billion by 2022. and ATLASBX Co.,

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DOE: EV battery manufacturing capacity in N America in 2030 projected to be nearly 20 times greater than in 2021

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A wave of new planned electric vehicle battery plants will increase North America’s battery manufacturing capacity from 55 Gigawatt-hours per year (GWh/year) in 2021 to 998 GWh/year by 2030, according to the US Department of Energy (DOE). To optimize supply chain logistics, many battery plants will be co-located with automotive plants.

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Navigant forecasts global light duty electrified vehicle sales to exceed 6.0M in 2024; PEVs to account for roughly half

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In a new report, Electric Vehicle Market Forecasts , Navigant research projects that under its base scenario, global sales of light duty electrified vehicles (i.e., vehicles that use electricity for traction, including hybrids, plug-in hybrids, and battery-electrics) will grow from 2.6 Electric Vehicle Market Forecasts”.

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