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Analysis: IRA will double US EV sales by 2030 vs. previous forecast

Green Car Reports

EV sales compared to previous projections, according to new analysis from S&P Global Mobility. A pre-IRA forecast saw two million U.S. EV sale by 2030. Provisions of the Inflation Reduction Act (IRA) could more than double U.S.

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IHS Markit forecasts 18% drop in global vehicle sales YoY to 73.3M units under extended lockdown scenario

Green Car Congress

IHS Markit is projecting an 18% drop in global new vehicle sales year-on-year under an extended lockdown scenario to 73.3 Regionally, that breaks out to: -26% US vehicle sales decline YoY to 12.6 17% Europe vehicle sales decline YoY to 17.1 14% China vehicle sales decline YoY to 21.8 million units. million units.

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BloombergNEF: electrics to take 57% of global passenger car sales, 81% of municipal bus sales by 2040

Green Car Congress

BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date.

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IDTechEx forecasts global production of electric LCVs to exceed 2.4M units annually by 2030

Green Car Congress

In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 European Light Commercial Vehicle Sales 2018. Forecast eLCV share of total global LCV market revenue. million units annually by 2030. Source: IDTechEx Electric Vans 2020-2030, ACEA.

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Global EV Sales Expected to Only Increase by 21% in 2024

Electric Cars Report

The latest forecasts from global technology intelligence firm ABI Research find that global EV sales are expected to grow by 21% in 2024 and 19% in 2025. This represents a significant decline from growth rates of 31% in 2023 and 60% in 2022. “A

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Adamas Intelligence forecasts global demand for NdFeB magnets to increase at CAGR of 8.6% through 2035; shortages of alloys, powders, REE expected

Green Car Congress

In its new Rare Earth Magnet Market Outlook to 2035 report, Adamas Intelligence forecasts that global demand for NdFeB magnets will increase at a CAGR of 8.6%, bolstered by double-digit growth from electric vehicle and wind power sectors. This will translate to comparable demand growth for the rare earths elements (i.e.,

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Mercedes-Benz Cars tripled global sales of xEVs in 2020; 7.4% of sales

Green Car Congress

We more than tripled sales of our plug-in hybrids and all-electric cars. Our internal forecasts for 2020 indicate that we will have achieved the European CO 2 targets for passenger cars last year. Sales of plug-in hybrids almost quadrupled to more than 115,000 units. kWh/100 km) achieved sales of about 1,700 vehicles.

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