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Adamas Intelligence forecasts global passenger EV market to deploy 762.9 GWh onto roads in 2023; December rule of thumb

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million passenger EVs (HEVs, PHEVs, BEVs) will be sold globally (+/- 10%) in 2023, translating to a sales-weighted average pack capacity of 38.7 This was due to a spike in EV sales in December 2018 in China in advance of subsidy rollbacks that provided a false signal for the year ahead. Additionally, Adamas projects that 19.7

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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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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. The European car market is expected to see a significant drop in sales for 2020 due to COVID-19 related shutdowns.

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Pike Research updates xEV forecasts; projects Ford to lead US PEV market, followed by GM

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Pike Research has published an update to its earlier forecasts on xEVs: hybrid (HEVs); plug-in hybrid (PHEVs); and battery electric vehicles (BEVs). As a result of new assumptions, Pike Research has slightly reduced its forecasts for plug-in vehicles (PEVs: PHEVs and BEVs combined) from past forecasts.

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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’s projected vehicle sales by electrified drivetrain, European markets: 2012–2020. Pike Research forecasts that electric vehicles—conventional hybrids (HEVs), plug-in hybrids (PHEVs) and battery-electrics (BEVs)—will grow from 0.7% of the market in Europe in 2012 to 4% in 2020. million PHEVs and 1.7

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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% of total worldwide light-duty vehicle sales by 2023, or about 2.5 Accordingly, Navigant expects this luxury brand push to increase global sales of plug-in EVs significantly in the near term. million units.

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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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Annual light duty electric vehicle sales by drivetrain, world markets: 2013-2020. 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.

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