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BMW M presents Concept XM PHEV

Green Car Congress

The series-production model—the BMW XM—will begin production at the end of 2022 at BMW Group Plant Spartanburg in South Carolina; the US is the most important sales market for the new high-performance vehicle. The BMW XM will be available only as a plug-in hybrid (PHEV) and exclusively as an M model.

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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.

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Mitsubishi Motors targeting 50% electrified sales by 2030, 100% by 2035

Green Car Congress

This three-year plan, dubbed “Challenge 2025”, sets out MMC’s corporate direction in reinforcing the company’s environmental commitment toward a carbon-neutral future, laying the foundation for how MMC will work within the Renault-Nissan-Mitsubishi Alliance and other global alliances, and discussing future plans for various global markets.

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Lexus passes cumulative global sales of 2M electrified vehicles; HEVs and BEV

Green Car Congress

Lexus announced that the luxury brand eclipsed the milestone of 2 million global sales of electrified vehicles—hybrids and battery-electric—at the end of April 2021. By 2025, Lexus will introduce 20 new or improved models, including more than 10 BEVs, PHEVs, and HEVs.

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Kia targeting annual sales of 1.2M BEVs by 2030; 14 BEV models by 2027 including two electric pickup trucks

Green Car Congress

These core business aims include: Accelerating electrification and achieving annual sales of 1.2 Becoming the number one brand in the global purpose-built vehicle (PBV) market by 2030. Starting with an annual global sales goal of 3.15 The company will make the sales of these vehicles the focus of future business growth.

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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

Global vehicle sales totalled 5.55 This represents the largest year-on-year monthly decrease since 1980, when JATO Dynamics started to collect data—even surpassing the global financial crisis in November 2008, which saw a 25% decline in sales. Registrations fell in all 27 markets, but with varying severity. million units.

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

Green Car Congress

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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