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Audi axes PHEV sales in top market

Teslarati

Audi has announced it will no longer sell Plug-in Hybrid Electric Vehicles (PHEVs) in one of the world’s top markets, China. Premium German luxury brands face more competition in top markets than ever. Now, to refocus, Audi has announced that it will no longer be selling PHEVs in the giant Asian market.

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Sales of chargeable vehicles more than triple in EU in Q3 to take 9.9% new market share

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during the same period last year, according to data from the European Association of Automobile Manufacturers (ACEA). During the third quarter, cars powered by conventional internal combustion engines lost further ground, with their overall market share going down from 88.6% of the EU car market. in July-September 2019 to 75.4%

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Toyota to debut 2 BEVs, 1 PHEV for US this year; says research shows BEVs & PHEVs have similar environmental benefits

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Toyota Motor North America (TMNA) plans to debut three new electrified models—two BEVs and a PHEV—in the US market this year. Toyota currently has more than 40% share of the total alternative fuel vehicle market, which includes a 75% share of the fuel cell market and a 64% share of hybrids and plug-ins.

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BYD NEV sales up 262.9% YOY in October

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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. BYD sold 88,898 passenger vehicles in October, increasing 90.9%

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

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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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California made up a third of all U.S. BEV sales in 2023

Teslarati

California battery-electric vehicle (BEV) sales made up more than a third of all BEV sales in the U.S. last year, ahead of the state’s sales ban on new gas cars set for 2035. percent of BEV sales across the U.S. percent of BEV sales across the U.S. market share of BEVs ended the year at 7.5

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Lexus introduces TX 3-row SUV with three powertrain choices: ICE, HEV and PHEV

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Lexus revealed its TX three-row SUV, a vehicle made specifically for the North American market. TX will be exclusively assembled by Toyota Motor Manufacturing, Indiana (TMMI), and is the first Lexus vehicle to be assembled there. The 2024 TX 350 and 500h are expected to go on sale this fall. V6 engine with DIRECT4.

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