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Honda announces next steps in preparation for EV production in US

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In October 2022, Honda announced that it would invest $700 million to retool several of its existing auto and powertrain plants to establish the new EV Hub in Ohio, to prepare for the production of battery electric vehicles in 2026. Following are key next steps involving several of Honda’s US production facilities.

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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. The company also expects, despite the challenges of new technology, that plug-in electric vehicles will grow rapidly in many regions as a result of rising fuel prices, falling PEV prices, and increasing availability of PEV models.

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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% In 2011, all-electric vehicles made up just less than 0.1%

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Honeywell Transportation Systems Forecast: turbocharged vehicles to account for 48% of annual global sales by 2021; electric boosting emerges

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Honeywell’s Transportation Systems Forecast projects that turbocharged vehicles will acount for 48% of annual global sales by 2021, up 9 percentage points from 2016. In addition, Honeywell’s forecast calls for electric boosting products to help support compliance with more stringent national environmental standards.

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Chrysler Group files S-1 for IPO; snapshot of R&D priorities; exploring a light-duty hydraulic hybrid

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Chrysler is also seeking to reduce electrical loads through application of higher efficiency fans and fuel pumps. Thermal management technologies not only help reduce fuel consumption, but are an important factor in extending battery range for hybrid electric and all-electric vehicle models. —Chrysler S-1.

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ExxonMobil: diesel will surpass gasoline as the number one global transportation fuel by 2020

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Diesel will surpass gasoline as the number one transportation fuel worldwide by 2020 and continue to increase its share through 2040, according to ExxonMobil’s recently published Outlook For Energy: A View To 2040. Full hybrid vehicles will make up about 40% of the fleet in 2040—more than 50% of new car sales in 2040.

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. Hybrids are expected to account for about half of global new-car sales by 2040. The growth reflects an expected 90% increase in electricity use, led by developing countries where 1.3 Source: ExxonMobil.

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