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Navigant forecasts global light duty electrified vehicle sales to exceed 6.0M in 2024; PEVs to account for roughly half

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vehicles that use electricity for traction, including hybrids, plug-in hybrids, and battery-electrics) will grow from 2.6 These include the dive in oil prices that began in mid-2014, as well as the phasing out of some local government purchase incentives. million vehicle sales in 2015 to more than 6.0 million in 2024.

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Toyota Plug In

Plug In Partners

Here's the story from the LA Times: Toyota promises plug-in hybrid vehicle in U.S., Japan and Europe by 2010 By Yuri Kageyama, The Associated Press June 11, 2008 TOKYO -- Toyota is introducing a plug-in hybrid with next-generation lithium-ion batteries in the U.S., Event Summary Oil prices are at record highs.

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Pike forecasts Asia-Pacific to be largest PEV market, with more than 1.2M units by 2015; China to represent 53% of total sales

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According to a new report from Pike Research, the various national-level initiatives and programs to promote the awareness of electric vehicles (EVs) in the Asia-Pacific region will help make the region the largest market worldwide for electrified vehicles, led by strong demand in China, Japan, and Korea. Total PEV sales in Asia-Pacific.

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Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

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The index compares the development of e-mobility in seven leading car-manufacturing nations (Germany, France, Italy, US, Japan, China and South Korea) on the basis of three parameters: technology, manufacturing, and market. Forecasts for vehicle sales in China, the US and Japan have been corrected downward. Plug-in America’s #PIA100K.

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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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” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. Click to enlarge. In DB’s Fall 2009 note, they had forecast 12% growth.

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

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The forecasters said that while plug-in hybrid electric vehicle (PHEV) sales will play a role in EV adoption from now to 2025, puer battery-electric vehicles (BEVs) will subsequently take over and account for the vast majority of EV sales. BNEF suggested that only in Japan will PHEVs continue to play an important role after 2030.

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Toyota digs for Lithium

Revenge of the Electric Car

Toyota Tsusho Corp, a trading house and key Toyota supplier that Toyota owns 22 percent of, just announced that it would be jointly developing a new lithium project in Argentina with the Australian-listed Orocobre Ltd. For more information read: Toyota in Argentine Lithium Deal for Hybrid Car Push. By Eriko Amaha for Reuters. By Eriko Amaha.

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