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S&P Global Mobility: average age of light vehicles in US hits record high 12.5 years

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With more than 284 million vehicles in operation (VIO) on US roads, the average age of cars and light trucks in the US has risen again this year to a new record of 12.5 In addition, the continued rise of light trucks/utilities means the number of passenger cars on the road will fall beneath 100 million for the first time since 1978.

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PEUGEOT Cycles introducing new range of connected electric bikes designed and manufactured by startup Beweel

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At the end of 2023 and early 2024, PEUGEOT Cycles will expand its range of electric bikes with several new innovative models benefiting from the best connected technologies. PEUGEOT Cycles will launch this range of connected electric bikes in three models: City bike (Digital e-Bike). million units sold, an annual growth of 8.6%.

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

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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. IDTechEx says that the light commercial vehicle market is uniquely positioned to rapidly transition to electric vehicles. million units annually by 2030.

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Groupe Renault changes China strategy: light commercial vehicles and electric passenger cars

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Groupe Renault is setting a new strategy for China, based on Electric Vehicles (EV) and Light Commercial Vehicles (LCV). The Renault City K-ZE, introduced in 2019, was the sixth all-electric vehicle in the Renault range. million units in 2019 and is forecasted to maintain a steady upwards path. Chinese ICE passenger car market.

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CAR: US light-duty vehicle sales to dip in 2019

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The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 CAR’s forecast includes a continuation of sales declines in 2020 and 2021 down to 16.5 US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025. million units for 2019.

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Researchers forecast light-duty vehicle electricity use in 2050 considering electrification, autonomy and sharing: 13-26% of total demand

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Considering electrification, autonomy and sharing (the “Three Revolutions”), a team from Boston University and the University of California, Berkeley projects that electricity use from light duty vehicle (LDV) transport will likely be in the 570–1140?TWh TWh range—13–26%—respectively, of total electricity demand in 2050.

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IHS Markit: supply chain challenges to impact global light vehicle production well into 2022

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Global Light Vehicle Production Forecast Implications. IHS Markit’s global forecast for light vehicle production in 2021 now stands at 80.78 This forecast, however, preceded Toyota’s recent announcement of a 40% cut in production. That announcement and any others willbe captured in the next forecast update.

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