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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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Navigant Research forecasts plug-ins will be 2.4% of global new vehicle sales by 2023; luxury brands to represent about 50% of that

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Navigant Research forecasts that plug-in EVs (which include plug-in hybrids and battery EVs), will represent 2.4% Accordingly, Navigant expects this luxury brand push to increase global sales of plug-in EVs significantly in the near term. —“Electric Vehicle Market Forecasts”. million units.

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New top model PHEV in the BMW 5 Series

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With almost 50,000 units, BMW 5 Series plug-in hybrid models were the most successful electrified models in the BMW Group’s portfolio worldwide in 2019. With an increase from two to five models featuring innovative plug-in hybrid drive by November 2020, the new BMW 5 Series offers the largest range of PHEVs within one BMW Group model series.

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Lux: plug-in vehicle battery market to hit $10B in 2020; 6 carmakers = 90% of demand; VW to show most growth

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Led by Tesla, China’s BYD, and Volkswagen, the battery market for plug-in vehicles will rise to $10 billion in 2020, with electric vehicles (EV) emerging as the drivetrain of choice, according to a new forecast by Lux Research. Among their findings: EVs will take a giant share of battery demand. million plug-in vehicles.

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BMW launches plug-in hybrid variant of X3; updates to other PHEVs

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At the 2019 Geneva Motor Show, BMW announced the market launch of a plug-in hybrid variant of the globally popular BMW X3. This makes it the first model of the brand to be offered with both a conventional combustion engine and a plug-in hybrid system—with the addition of a purely electrically powered version in 2020.

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Pike Research forecasts hybrids and plug-ins to grow to 4% of European market in 2020

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Pike Research forecasts that electric vehicles—conventional hybrids (HEVs), plug-in hybrids (PHEVs) and battery-electrics (BEVs)—will grow from 0.7% The biggest growth is expected in BEVs followed by PHEVs, with HEVs lagging behind. Pike Research forecasts that by 2020 more than 1.8 million HEVs.

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Navigant forecasts hybrids to account for almost 4% of global LDV sales by 2020, plug-ins 3%

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In its latest forecast for hybrid and plug-in electric vehicle sales, Navigant Research expects that hybrid electric vehicles (HEVs), which today account for about 2% of global light duty vehicle sales, will grow to almost 4% of global LDV sales by 2020. Navigant Research forecasts global CAGRs of 11.5% Click to enlarge.

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