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BNEF: net-zero road transport by 2050 still possible, but big push needed

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The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million sold in 2021 to 21 million in 2025.

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Big Oil Betting On Electric Vehicles

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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. In January, both companies joined a global hydrogen council that included Toyota, Liquide SA, and Linde AG.

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Bloomberg New Energy Finance forecasts plug-in electric vehicles could account for up to 9% of US auto sales in 2020 and 22% in 2030

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Plug-in electric vehicles, including plug-in hybrids and battery electric vehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). Last week, J.D.

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UK accelerates end of sale of new gasoline and diesel cars to 2030, hybrids to 2035

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UK Prime Minister Boris Johnson confirmed that the government will accelerate the ban on the sale of new gasoline and diesel vehicles, bringing it forward by ten years to 2030, as part of a “Green Industrial Revolution.” The sale of hybrid cars will be allowed until 2035. billion (US$1.7

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BNEF: Global plug-in vehicle sales surge 63% year-on-year in Q3; China accounted for more than half of total

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Plug-in electric vehicles sales surged to a record in the third quarter, largely driven by strong demand in China, according to a new report from Bloomberg New Energy Finance (BNEF). China accounted for more than half of global sales as its market for electric cars doubled amid government efforts to curb pollution.

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PSA Group outlines electrification solutions for future hybrid and electric vehicles; 4 EVs, 7 PHEVs by 2021

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PSA Group is consolidating the development of its models on two global modular platforms—CMP and EMP2—allowing it to offer a wide range of internal combustion, electric and plug-in hybrid gasoline models from 2019. Four electric models will be introduced by 2021, the first of which will reach the market in 2019.

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Volkswagen committing $7.1B to boost product line-up, R&D, manufacturing in North America; targeting 55% BEV sales by 2030

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By locally integrating its combustion-engine (ICE) and electric vehicle (EV) assembly, American-focused engineering, battery know-how, and software development, Volkswagen aims to drive 55% of US sales to be fully-electric by 2030. In its place, Volkswagen will advance its electric line-up, including the American-assembled ID.4