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EV sales expected to jump in 2025 to more than 20 million, with price parity reached in key markets, particularly in China and south-east Asia. The post Global EV sales to hit 20 million in 2025, as prices hit parity in key markets appeared first on The Driven.
The company also unveiled targets for sales and financial performance to be achieved by 2030. Under the new plan, the company aims to boost annual global BEV sales to 1.87 million BEV units, Honda projects EVs will represent 36% of all its sales. This year, Hyundai begin sales of IONIQ 6, followed by IONIQ 7 in 2024.
Volvo Cars reported globalsales of 51,286 cars in February, up 22% compared to the same month last year and a record for the month of February. The sales growth was led by the company’s Recharge line up of fully electric and plug-in hybrid cars. China sales reached 13,066 cars, up 50% compared with February last year.
EVs Now 19% of World Auto SalesGlobal plugin vehicle registrations were up 49% in February 2025 compared to February 2024. continued] The post Global EV Sales 1.2 There were 1.2 million registrations. Million Units in February, 49% Growth YoY appeared first on CleanTechnica.
In particular, the New Energy Vehicle (NEV) sales reached 80,003 units, soaring 262.9% By the end of October, the cumulative annual sales of BYD passenger vehicles topped 200,000 units. positioning BYD as a dominant player in China’s plug-in hybrid vehicles market. Globally, the DM-i model also holds an important position.
New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe 2021 with a market share of 42%. The international trucking industry is undergoing a transformation towards more sustainable transport as sales of heavy battery electric trucks are starting to pick up, with Europe in the lead.
Octillion Power Systems, a global provider of advanced lithium-ion batteries, is providing battery packs for all-electric motorcoaches and city transit buses offered by ABC Companies and Lightning eMotors. Electrification of bus fleets has become a priority in many regions of the world, with nearly 500,000 EV buses now running globally.
A new report sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media auggests that concerns over EV battery supply to meet the escalation in demand poses serious risk to the growth of market share of electric vehicles, despite plans for 80 new global battery gigafactories. —Tanja Vainio.
Volvo Cars reported globalsales of 60,398 cars in May, up 31% compared with the same month last year. For the first five months of the year, Volvo Cars sales reached 275,312 cars, up 14% compared to the same period during 2022. Sales in Europe for May reached 26,272 cars, an increase of 40% compared to last year.
The BMW Group continues to broaden its portfolio of electrically powered vehicles with the addition of the fully electric BMW 3 Series, which will enter the Chinese market in May 2022. The BMW i3 eDrive35L will be assembled exclusively for the Chinese market at the BMW Brilliance Automotive Ltd. plant in Lydia, Shenyang.
Volkswagen is expanding its global production network for electric vehicles by now starting to make the all-electric ID.4 4’s start-up is on schedule, despite the global challenges during the two-year conversion phase. Production for the US market will start in Chattanooga in the fall. 4 in Emden. Chattanooga (ID.4)
Ipsos’ new 2020 Global Mobility Navigator Study, focusing on Electrification, found global interest remained on par with the numbers from 2019. However, the study reveals there has been an increase in interest in the US and Chinese markets. Source: Ipsos. —John Kiser.
Ford electric vehicles sales in the US were up 103% for November 2022 compared to year ago, making Ford the US’ second best-selling brand and manufacturer of electric vehicles behind Tesla. EV sales for the month were 6,255 units, or 4.3% of total vehicle sales for the month. of all F-Series sales for the month).
The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. Many economies are now seeing emissions climbing above pre-crisis levels.
Cummins and Canada-based Buhler Industries , a leading tractor manufacturer under the Versatile brand, signed a letter of intent for plans to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment to lead the decarbonization of the agriculture market. —Adam Reid, Versatile’s Vice-President of Sales and Marketing.
Volvo Cars reported globalsales of 48,520 in January, up 2% compared to the same month last year. Sales of Volvo Cars´ Recharge models of fully electric and plug-in hybrid cars increased by 31% in January year-on-year, accounting for 40.7% of all Volvo cars sold globally during the month. compared with January last year.
Automotive supplier Eberspächer is entering the fast-growing market of hydrogen and fuel cell technology. We are deliberately investing in a future market and want to grow purposefully with hydrogen and fuel cell technology. Since the overall market for fuel cell applications is growing strongly, Eberspächer is investing purposefully.
To support these developments and be able to offer a complete and competitive Renault Trucks range on the market, the company is setting up an organization dedicated to electric mobility. To help meet the Paris Agreement’s goal of limiting global warming to less than 1.5 Preparations are underway to market a Z.E. D Wide Z.E.
of total California auto sales in 2021. The CEC updates its Zero Emission Vehicles (ZEV) sales figures quarterly by analyzing DMV data. Specifically, cumulative sales through the end of 2021 were: 663,014 BEV (62.9%). For sales in 2021 only, the shares were: 183,933 BEV (73.5%). From CEC New ZEV Sales dashboard.
The Tesla Model Y was #1 again, in a year that saw plugins reach 22% share of the globalmarket. The last months of 2024 brought a record-fest for world plugin vehicle sales, and December was one of them, with over 1.9 continued] The post World EV Sales Report 17.2 million registrations!
In October, Volvo Cars globalsales reached 50,815 cars, down 22.2% of all cars being sold globally for the first 10 months to 31 October. of total sales, as the number of electrified vehicles continues to rise globally. Sales of Volvo Cars’ fully electric models reached 3.1% of the overall sales.
The capacity increase comes as Volvo Cars also reports its full-year sales results for 2020, which showed a strong growth in demand for the company’s Recharge models. The share of Recharge cars as a percentage of total sales more than doubled in 2020, compared to 2019. In Europe, the share of Recharge cars of overall sales was 29%.
The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.
In 2025, half of all new Porsche sales are expected to come from the sale of electric vehicles—again, all-electric or plug-in hybrid, said Oliver Blume, Chairman of the Executive Board of Porsche AG. In 2021, Porsche increased its deliveries in all globalsales regions. Sales in 2021 were €33.1 billion, €4.4
The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. —Lux analyst Chloe Holzinger, one of the report’s lead authors. Medium- and heavy-duty vehicles come in next, growing from $600 million a year in 2019 to a projected $3.6
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. Becoming the number one brand in the global purpose-built vehicle (PBV) market by 2030. million BEV sales in 2030.
After recently announcing plans to expand its market presence in Europe, Chinese EV Automaker XPeng Motors has officially opened up shop in Italy, one of the top five markets in the region. The move supports XPengs plans to have at least half of its sales come from markets outside of China.
unveiled STLA Medium, a global BEV-by-design platform with state-of-the-art features including range of 700 kilometers (435 miles), energy efficiency, embedded power and charging power. STLA Medium is the first of four global BEV platforms to be launched less than two years after EV Day presentation in July 2021. Stellantis N.V.
Polestar, the Swedish premium electric car company founded by Volvo Cars and Geely Holding, delivered on its globalsales target of 29,000 vehicles in 2021, representing year-on-year growth exceeding 185%. Polestar increased its global presence from 10 to 19 markets in 2021, with growth in Europe and Asia Pacific.
Polestar, the Swedish electric performance car brand, delivered approximately 21,000 vehicles in the fourth quarter of 2022, bringing the preliminary estimate for full year global volumes to 51,500 cars, up 80% year-on-year. Polestar 3. We are now fully focused on 2023. —Polestar CEO, Thomas Ingenlath.
Japan is the next market to follow. Since 2018, the E-Mobility Group has bundled Daimler Trucks & Buses’ global know-how in the field of e-mobility and now defines the strategy for electric components and products across brands and segments. Global electric truck portfolio at Daimler Trucks.
Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data. Mt to 3.22 Mt (7% year-on-year growth).
New Zealand, Brazil and Argentina are among the latest markets added to the Mustang Mach-E stable. Global growth comes as Ford upgrades Cuautitlán Stamping and Assembly Plant—which built the 150,000 th vehicle—to support even more customers.
BloombergNEF has just published its hydrogen market outlook for the first half of 2022. Among its findings are that asnnual government funding for hydrogen has reached $16 billion per year globally, up 40% from July 2021. Electrolyzer sales have more than doubled to 458MW in 2021 and are set to grow 4-5x this year.
Honda announced an initial annual sales target of 70,000 units for the Prologue SUV, Honda’s first new volume battery-electric vehicle (BEV), when it goes on sale in 2024. This will take Honda to anticipated sales of 500,000 BEVs by 2030, and ultimately leading to 100% zero emission vehicles sales in North America by 2040, Honda said.
Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035. Honda SUV e:prototype shown at Shanghai 2021.
3 with 56,500 units sold—even though this only came on the market in September—followed by the e-Golf with around 41,300 units and the Passat GTE with approximately 24,000 units. Even though it was only introduced in the second half of the year, it ranked in the top of the sales charts in many countries almost right away.
Teslas local management says a lot of things going on in the world that are outside of our control have impacted its sales and its number-one EV sales status in Australia, describing the impact of Elon Musk and America more generally as not the ideal scenario. Obviously, we understand the market.
GWh of passenger EV battery capacity was deployed onto roads globally in 2021—a 113% increase over 2020—as battery-electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) sales surged year-over-year, according to Adamas Intelligence. A record 286.2 Japan’s Panasonic rounded off the top three with a record 41.4
This includes an initial order of 100,000 Teslas by the end of 2022 and new EV charging infrastructure across the company’s global operations. Today, 40% of US consumers say they are likely to consider an electric vehicle the next time they are in the market for a new vehicle, according to Pew.
Tesla has recorded a dominating performance in the Norwegian market as the company outpaced other automakers for the month of May. The company walked away with 19 percent of the total EV sales for the month, with a vast majority of those coming from the Model Y, which accounted for 2,344 of the 2,598 sales Tesla had for the month.
We estimate that the market volume worldwide and especially in the region of EMEA will increase sharply in the near future. We are pleased to have won BASF for sales and the joint further development of our RheoFalt product. If the old asphalt is not recycled, the result is large quantities of waste.
Lordstown Motors, an OEM of electric light-duty trucks focused on the commercial fleet market, has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn).
The Chinese automaker continues to gain momentum in global NEV sales and does not expect to hit the brakes anytime soon. According to multiple sources, BYD aims to have half of its vehicle sales come from other markets outside China within the next five years.
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