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Pike forecasts 26.4% CAGR for electric-drive buses to 2018; hybrid, battery-electric and fuel cell

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Pike Research forecasts that the global market for all electric-drive buses—including hybrid, battery electric, and fuel cell buses—grow steadily over the next. would purchase 500 battery electric buses. North America is the leading market for this technology, with hybrids capturing 30% to 40% of annual transit bus sales.

2018 276
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China Forecast to Produce 12M Vehicles This year

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China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). Sales of China’s domestically-made automobiles totaled 1.09 Sales of China’s domestically-made automobiles totaled 1.09 People’s Daily. million units in July, up 63.57

China 218
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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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Key developments in the transportation sector that they note include: Positive for gasoline demand: Strong Chinese car growth in 2010, particularly in the first half of the year, with vehicle sales up 30% year-on-year (YoY) through the first eleven months of 2010. In DB’s Fall 2009 note, they had forecast 12% growth.

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This is How the COVID-19 Pandemic Affect The Global EV Market

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As a result, a huge drop in sales in the automotive sector was reported worldwide. The main reasons for global automotive sales drop are, The purchasing power of consumers decreased. Despite this general situation of the automotive industry, the EV sales have been stable and were even pretty good during the tough times.

Market 52
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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

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Stimulate Demand: The programs included in the stimulus bill signed last month may help rebound consumer demand, but more aggressive action to move sales into the 12-14 million-unit range as quickly as possible will help inject much needed liquidity into the entire system.

Grant 150