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BCG forecasts electrified vehicles to take half of global auto market by 2030; hybrids to dominate

Green Car Congress

In a new report (its fourth on electric car adoption) the Boston Consulting Group forecasts that a combination of hybrid and fully electric powertrains will cut the global market share of pure internal combustion engines (ICEs) by about 50% by 2030.

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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

Green Car Congress

However, achieving such growth level will be dependent on two key factors: aggressive reductions in battery costs and rising gasoline prices. In the short term, price will be the most significant limitation to the uptake of both plug-in hybrid vehicles like the GM Volt and fully electric vehicles such as the Nissan Leaf, BNEF said.

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Presales of Audi Q7 TFSI e quattro PHEVs begin in Europe

Green Car Congress

In Germany, both plug-in hybrid models benefit from the company car regulation for electric cars: The vehicle is taxed only at a flat rate of 0.5% of the gross list price. It is designed such that drivers can cover a large section of their daily journeys on electric power. The SUV starts in fully electric “EV” mode.

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BYD Q1 EV sales top 300,000, but is it enough to maintain a lead over Tesla ?

Baua Electric

In the first three months of the year, BYD sold 300,114 fully electric vehicles, up 13.4% BYD’s electric vehicle production also rose 9%, with 291,730 EVs built in Q1. Meanwhile, plug-in hybrid sales were up 14.5%, with 324,284 PHEVS sold. Most recently, Wedbush lowered its forecasts to 425,000, down from 475,000.

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Roskill: automotive batteries and stainless steel to drive nickel demand

Green Car Congress

In its new ten-year market outlook to 2027, Roskill, a leading provider of international metals and minerals research, forecasts primary nickel consumption to rise by just under 4% per year between 2017 and 2027, driven by increased consumption by stainless steel producers and by growth in demand in the automotive battery sector.

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Ford Europe EV Plans, Virginia Now a ZEV State – EV Week In Review: Feb. 15-22, 2021

EV Adoption

VW will overtake Tesla in EV sales by 2025, analyst says – Tesla’s global EV market share is expected to slip from more than 20 percent in 2020 to about 10 percent in 2025, with VW Group’s growing from less than 10 percent to more than 15 percent, Pete Kelly, LMC managing director, said last week in an online forecast event.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Electric car sales in 2023 were 3.5 As the market matures, the industry is entering a phase marked by increased price competition and consolidation. This is markedly more than the previous year – car exports were almost 65% higher than in 2022, and electric car exports were 80% higher. million were EVs.