article thumbnail

WEC report: EVs need 16% market share by 2020 for fuel economy standards to be met

Green Car Congress

Electric vehicles (EVs) will need to increase their combined market share to 16% by 2020 for markets to achieve the aggressive fuel economy standards set by regulators, according to new research by the World Energy Council, the UN-accredited global energy body representing the entire energy spectrum.

article thumbnail

Ceres: national fuel economy and emissions standards can increase viability of domestic automakers and suppliers

Green Car Congress

New analysis commissioned by Ceres, a sustainability nonprofit organization working with investors and companies, suggests that national fuel economy and emissions standards can help increase the viability and international competitiveness of domestic automakers and suppliers. Even so, current auto sales and profits remain strong.

article thumbnail

BNEF’s latest projection shows EVs as $46T market opportunity between now and 2050

Green Car Congress

EV sales are set to rise faster than ever, but governments aiming for net-zero carbon emissions by 2050 must do more to spur their adoption, according to BloombergNEF’s (BNEF) latest annual Electric Vehicle Outlook (EVO). The equivalent for buses sees their zero-emission sales rise to 83% by 2040.

Market 269
article thumbnail

Increased sales of larger vehicles in June lowered average new car fuel economy from May; increase in fuel economy year-on-year

Green Car Congress

TrueCar.com provided actual fuel economy numbers from June US light vehicle auto sales that indicate “TrueMPG” will increase to 21.6 TrueMPG computes monthly average fuel economy by brand, manufacturer, origin and vehicle segments by using actual sales data or forecasted sales data for the current month.

article thumbnail

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

Green Car Congress

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.

Market 243
article thumbnail

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. Their use case will mostly be in shorter-distance applications.

Sale 341
article thumbnail

CMU study highlights lower-cost design path to fuel economy compliance: acceleration trade-off

Green Car Congress

A team at Carnegie Mellon University has found that engineering design modifications that compromise other performance attributes—specifically acceleration—offer a pathway to reduce the cost to automakers of compliance with fuel economy standards.