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IDTechEx: Market value for hybrid electric vehicles to peak at $792 billion in 2027

Green Car Congress

In a new report—“ Full Hybrid Electric Vehicle Markets 2021-2041 ”—IDTechEx forecasts that market value for hybrid electric vehicles will peak at $792 billion in 2027. Several European countries have set out plans or regulations to ban the sales of new ICE vehicles in the 2030s.

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Groupe PSA & Punch Powertrain to form second JV to expand electrification partnership; DT2 for MHEV and PHEV

Green Car Congress

Punch Powertrain holds majority control in the new Joint 61/39 Venture, which will design, manufacture, and supply Punch Powertrain’s DT2 dual clutch transmission for the industry’s next generation of mild hybrid electric (MHEV) and plug-in hybrid electric (PHEV) vehicles.

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Hybrid vs PHEV vs EV | Types of EVs Explained

Setec Powerr

Whether you fully embrace it or are in desperate denial, you must admit that the automotive industry is moving toward electrification at an unprecedented rate. It doesn’t hurt to know some of the terminology used in electric vehicles. Hybrid Vehicles. PHEV – Plug-in Hybrid Electric Vehicles.

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BYD sold 1.86M light-duty NEVs in 2022, up 209%

Green Car Congress

BYD reported that it sold 1,857,379 light-duty New Energy Vehicles in 2022, consisting of 911,140 battery-electric vehicles (49%) and 946,239 plug-in hybrid electric vehicles (51%). Total NEV sales were up 213% year-on-year, with BEV sales up 184% and PHEV sales up 247%.

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Colorado releases new electric vehicle plan

Green Car Congress

The Colorado Energy Office (CEO), a non-regulatory department within the Governor’s Office focused on reducing greenhouse gas emissions by advancing clean energy, energy efficiency and zero emission vehicles, has released the Colorado Electric Vehicle Plan 2020. BEVs and PHEVs currently on the road in Colorado.

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Kia brings e-Soul to Europe, upgrades Niro hybrid and PHEV

Green Car Congress

Kia used the Geneva International Motor Show as the platform to introduce the battery-electric e-Soul to Europe, as well as to reveal new upgrades to the Niro Hybrid and Plug-in Hybrid. Every Kia vehicle on show in Geneva employs the brand’s mild-hybrid, hybrid, plug-in hybrid, or electric vehicle technology.

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Hyundai invests more in Georgia to produce hybrids

Teslarati

has decided to invest more in its upcoming Georgia plant to produce hybrids amidst the slowing demand for electric vehicles (EVs). However, Hyundai and a few more legacy automakers have mentioned a slowing demand for electric vehicles and have turned to hybrid production to recover losses. Hyundai Motor Co.

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