article thumbnail

Honda outlines electrified vehicle strategy for China; unveils new EV models

Green Car Congress

Honda last week held a virtual press conference on its electrification strategy in China. During the conference, the company announced its new environmental and safety initiatives and also held the world premiere of two planned production models and three concept models of Honda-brand electric vehicles. e:N series.

Honda 418
article thumbnail

BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

Green Car Congress

The BMW Group plans to invest more than €30 billion up to 2025 in research and development to underscore its position as an innovation leader, said Oliver Zipse, Chairman of the Board of Management of BMW AG, at the company’s Annual Accounts Press Conference in Munich. This also expresses our confidence for the future business development.

BMW 291
article thumbnail

Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

Green Car Congress

Geely Group and CRI intend to collaborate on the deployment of renewable methanol fuel production technology in China and explore the development and deployment of 100% methanol-fueled vehicles in China, Iceland and other countries. It will also allow us to promote advanced methanol technology in Europe. Earlier post.)

Renewable 150
article thumbnail

Big Oil Betting On Electric Vehicles

Green Car Congress

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electric vehicle versus a cheaper, comparable gasoline-engine vehicle.

Oil 218
article thumbnail

Deloitte suggests Gen Y’s embrace of hybrid vehicles may be auto market’s tipping point

Green Car Congress

Gen Y’s strong affinity for hybrid vehicles could make it the “ generation that leads us away from traditional gasoline-powered vehicles ,” reports Craig Giffi, vice chairman and automotive practice leader at Deloitte LLP, after seeing the results of Deloitte’s annual survey of consumers and what they want in an automobile. —Joe Vitale.

Hybrid 277
article thumbnail

ExxonMobil projects 25% energy demand increase between 2014-2040, 50% decline in carbon intensity; hybrids to be 40% of new car sales

Green Car Congress

ExxonMobil forecasts that by 2040, one of every four cars on the world’s roads will be a hybrid; conventional cars (primarily gasoline-powered) will still remain most popular to 2040. The company forecasts modest gains for plug-in electric cars, with cost and functionality remaining barriers. Source: ExxonMobil. Click to enlarge.

2014 150
article thumbnail

Near-Term Prospects for Automotive Li-ion Batteries: 21% of Hybrid and EV Market by 2011

Green Car Congress

In the near-term (2011), lithium-ion batteries could grow to represent about 21% of the hybrid and EV advanced battery market, according to Dr. Menahem Anderman, President of Advanced Automotive Batteries and the organizer of last week’s Advanced Automotive Battery Conference 2009. By 2015, he suggests, full hybrids (e.g.,

Li-ion 150