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

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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 have not made their stance clear on HEVs and PHEVs, but some have.

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New top model PHEV in the BMW 5 Series

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With almost 50,000 units, BMW 5 Series plug-in hybrid models were the most successful electrified models in the BMW Group’s portfolio worldwide in 2019. With an increase from two to five models featuring innovative plug-in hybrid drive by November 2020, the new BMW 5 Series offers the largest range of PHEVs within one BMW Group model series.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

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Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

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Pike Research forecasts hybrids and plug-ins to grow to 4% of European market in 2020

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Pike Research forecasts that electric vehicles—conventional hybrids (HEVs), plug-in hybrids (PHEVs) and battery-electrics (BEVs)—will grow from 0.7% The biggest growth is expected in BEVs followed by PHEVs, with HEVs lagging behind. Pike Research forecasts that by 2020 more than 1.8 million HEVs.

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Navigant forecasts hybrids to account for almost 4% of global LDV sales by 2020, plug-ins 3%

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In its latest forecast for hybrid and plug-in electric vehicle sales, Navigant Research expects that hybrid electric vehicles (HEVs), which today account for about 2% of global light duty vehicle sales, will grow to almost 4% of global LDV sales by 2020. Navigant Research forecasts global CAGRs of 11.5% Click to enlarge.

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BMW launches plug-in hybrid variant of X3; updates to other PHEVs

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At the 2019 Geneva Motor Show, BMW announced the market launch of a plug-in hybrid variant of the globally popular BMW X3. This makes it the first model of the brand to be offered with both a conventional combustion engine and a plug-in hybrid system—with the addition of a purely electrically powered version in 2020.

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Navigant Research forecasts plug-ins will be 2.4% of global new vehicle sales by 2023; luxury brands to represent about 50% of that

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Navigant Research forecasts that plug-in EVs (which include plug-in hybrids and battery EVs), will represent 2.4% Growth in HEV, PHEV, and BEV platforms will be contingent upon expanding EV availability outside of the small hatchback segment into larger vehicle formats such as sport utility vehicles (SUVs) and trucks.

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