Plug-in hybrid

Electric Vehicle Market worth 34,756 thousand units by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, May 31, 2021

CHICAGO, May 31, 2021 /PRNewswire/ -- According to the new market research report " Electric Vehicle Market by Component, Vehicle (Passenger Cars, CV), Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (125 mph), Charging Point, Vehicle Class, V2G, Region", published by MarketsandMarkets,the Electric Vehicle Market size is projected to grow from 4,093 thousand units in 2021 to reach 34,756 thousand units by 2030, at a CAGR of 26.8%.

Key Points: 
  • CHICAGO, May 31, 2021 /PRNewswire/ -- According to the new market research report " Electric Vehicle Market by Component, Vehicle (Passenger Cars, CV), Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (125 mph), Charging Point, Vehicle Class, V2G, Region", published by MarketsandMarkets,the Electric Vehicle Market size is projected to grow from 4,093 thousand units in 2021 to reach 34,756 thousand units by 2030, at a CAGR of 26.8%.
  • The governments of these developing economies have recognized the growth potential of the Electric Vehicle Market and, hence, have taken different initiatives to attract major OEMs to manufacture the electric vehicle in domestic markets.
  • OEMs such as BYD plan to open plants in other parts of the world to manufacture electric buses and electric trucks to meet regional demand.
  • The middle east and African region have started giving importance to the Electric Vehicle Market in the recent past.

Electric Vehicle Market worth 34,756 thousand units by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, May 31, 2021

CHICAGO, May 31, 2021 /PRNewswire/ -- According to the new market research report " Electric Vehicle Market by Component, Vehicle (Passenger Cars, CV), Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (125 mph), Charging Point, Vehicle Class, V2G, Region", published by MarketsandMarkets,the Electric Vehicle Market size is projected to grow from 4,093 thousand units in 2021 to reach 34,756 thousand units by 2030, at a CAGR of 26.8%.

Key Points: 
  • CHICAGO, May 31, 2021 /PRNewswire/ -- According to the new market research report " Electric Vehicle Market by Component, Vehicle (Passenger Cars, CV), Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (125 mph), Charging Point, Vehicle Class, V2G, Region", published by MarketsandMarkets,the Electric Vehicle Market size is projected to grow from 4,093 thousand units in 2021 to reach 34,756 thousand units by 2030, at a CAGR of 26.8%.
  • The governments of these developing economies have recognized the growth potential of the Electric Vehicle Market and, hence, have taken different initiatives to attract major OEMs to manufacture the electric vehicle in domestic markets.
  • OEMs such as BYD plan to open plants in other parts of the world to manufacture electric buses and electric trucks to meet regional demand.
  • The middle east and African region have started giving importance to the Electric Vehicle Market in the recent past.

Mitsubishi Motors Introduces the Eclipse Cross PHEV Model in New Zealand and Australia

Retrieved on: 
Wednesday, May 26, 2021

TOKYO, May 26, 2021 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) announced that the Eclipse Cross plug-in hybrid (PHEV) model will launch in New Zealand on June 1, with the launch in Australia to follow in July.

Key Points: 
  • TOKYO, May 26, 2021 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) announced that the Eclipse Cross plug-in hybrid (PHEV) model will launch in New Zealand on June 1, with the launch in Australia to follow in July.
  • The addition of the Eclipse Cross PHEV model to the lineup reflects Mitsubishi Motors' continued commitment to contributing to the development of a sustainable society by promoting electrification focusing on plug-in hybrids.
  • The second plug-in hybrid in the Mitsubishi Motors' lineup, the Eclipse Cross PHEV model incorporates the twin-motor 4WD system from the Outlander PHEV and offers a quiet, smooth yet powerful acceleration unique to electric vehicles, as well as a sporty driving experience.
  • The Eclipse Cross debuted in Europe in 2017 as Mitsubishi Motors' global strategic model.

Global Electrification Market Outlook to 2025: Aggressive Electrification Goals for Emission Compliance & Next Auto Era - ResearchAndMarkets.com

Retrieved on: 
Wednesday, May 12, 2021

b'The "Perspectives in Electrification 2025" report has been added to ResearchAndMarkets.com\'s offering.\nThis report focuses on how leading carmakers are developing and executing their strategies to better position themselves in the new era of electrified mobility.

Key Points: 
  • b'The "Perspectives in Electrification 2025" report has been added to ResearchAndMarkets.com\'s offering.\nThis report focuses on how leading carmakers are developing and executing their strategies to better position themselves in the new era of electrified mobility.
  • It also provides insights on how their model range and sales\' mix by powertrain will change between 2015 and 2025.\nBesides Tesla and Toyota\'s who lead BEVs and HEVs respectively, most brands are still in the early stages of electrified-to brand\'s European sales.
  • But European Premium carmakers prepare a product offensive over the next 7 years announcing aggressive targets for up to one-third of sales coming from EVs.\nLithium-Ion battery technology is improving year by year with increased energy density and falling costs by KWh of energy.
  • The brand has stated that a 48V set-up will in effect replace all of its non-plug-in hybrids.\nAFV penetration in 2019 in Europe, USA, China and Japan\nThe growth outlook and market dynamics for BEV, PHEV and FCV\nThe growth outlook for BEV, PHEV and FCV\n'

XL Fleet Confirms Changes to Warrant Accounting Treatment Following SEC Statement

Retrieved on: 
Tuesday, May 11, 2021

The Company therefore expects to recognize incremental non-cash non-operating expense in its Statement of Operations of approximately $25 million to $45 million for the year ended December 31, 2020.

Key Points: 
  • The Company therefore expects to recognize incremental non-cash non-operating expense in its Statement of Operations of approximately $25 million to $45 million for the year ended December 31, 2020.
  • The Company expects that there will be no impact to its historically reported cash, or cash flows from operating, investing or financing activities.
  • XL Fleet\xe2\x80\x99s plug-in hybrid electric drive system was named one of TIME magazine's best inventions of 2019.
  • These forward-looking statements speak only as of the date hereof and the Company specifically disclaims any obligation to update these forward-looking statements.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210511005609/en/\n"

EPRI Advances Electric Transportation with New Initiative, Consumer Guide and Blueprint

Retrieved on: 
Monday, May 3, 2021

"We\'re honored to work with the U.S. Department of Energy to develop a national EV charging infrastructure blueprint examining key technical needs.

Key Points: 
  • "We\'re honored to work with the U.S. Department of Energy to develop a national EV charging infrastructure blueprint examining key technical needs.
  • EPRI\'s collaboration with DOEandothers helps overcome barriers to electric transportation adoptionandunlock greater value for society.
  • "\nTo help consumers select and compare EVs, EPRI created the Electric Vehicle Consumer Guide .
  • This free, interactive guide allows consumers to search for battery-electric and plug-in hybrid vehicles by make, model, electric range, and MSRP.

Ford Boosts Investment in Solid Power, Aiming to Accelerate Solid-State Vehicle Battery Development for Customers

Retrieved on: 
Monday, May 3, 2021

\xe2\x80\x9cLeveraging the speed of a startup and the expertise of some of the most seasoned battery experts in the world at Ford, we\xe2\x80\x99re exploring different ways to power tomorrow\xe2\x80\x99s fun-to-drive all-electric vehicles, using proven development and manufacturing processes.\xe2\x80\x9d\nSolid-state batteries are showing great promise.

Key Points: 
  • \xe2\x80\x9cLeveraging the speed of a startup and the expertise of some of the most seasoned battery experts in the world at Ford, we\xe2\x80\x99re exploring different ways to power tomorrow\xe2\x80\x99s fun-to-drive all-electric vehicles, using proven development and manufacturing processes.\xe2\x80\x9d\nSolid-state batteries are showing great promise.
  • Plus, the all-electric Ford Transit is set to go on sale late this year and the all-electric F-150 arrives by mid-2022.
  • Ford will be the first automaker in the U.S. to offer commercial customers fully electric van and full-size pickup choices.\nIn Europe, Ford is moving to an all-electric lineup by 2030, with its commercial vehicle range 100 percent zero-emissions capable, all-electric or plug-in hybrid by 2024.
  • For more information regarding Ford, its products and Ford Motor Credit Company, please visit corporate.ford.com .\nFor news releases, related materials and high-resolution photos and video, visit www.media.ford.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210503005399/en/\n"

Global Automotive Battery Technologies Market Overview and Forecast to 2035, Q1 2021 Update - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 28, 2021

b'The "Automotive Battery Technologies - Global Sector Overview and Forecast to 2035 (Q1 2021 Update)" report has been added to ResearchAndMarkets.com\'s offering.\nThe report "Automotive Battery Technologies - Global Sector Overview and Forecast to 2035 (Q1 2021 Update)" provides a comprehensive overview of the global Electric Vehicles and OE Starter Battery sectors, major suppliers, top 14 car batteries markets, technology trends (including other battery innovations and solar solutions for Electric Vehicles) and market size forecasts.\nNot so long ago, the automotive industry was protecting an old technology yet nowadays it has embraced the need for hybrids and the use of advanced battery technology.\nAutomotive Batteries are by and large divided into two: Starter Batteries and Advanced Automotive Batteries.

Key Points: 
  • b'The "Automotive Battery Technologies - Global Sector Overview and Forecast to 2035 (Q1 2021 Update)" report has been added to ResearchAndMarkets.com\'s offering.\nThe report "Automotive Battery Technologies - Global Sector Overview and Forecast to 2035 (Q1 2021 Update)" provides a comprehensive overview of the global Electric Vehicles and OE Starter Battery sectors, major suppliers, top 14 car batteries markets, technology trends (including other battery innovations and solar solutions for Electric Vehicles) and market size forecasts.\nNot so long ago, the automotive industry was protecting an old technology yet nowadays it has embraced the need for hybrids and the use of advanced battery technology.\nAutomotive Batteries are by and large divided into two: Starter Batteries and Advanced Automotive Batteries.
  • Automotive lead-acid batteries are commonly referred to as SLI (Starting, Lighting, Ignition) batteries which are 12V and rechargeable.\nThese batteries supply power to the starter and ignition system to start the engine and supply power to other components within the vehicle.
  • An advanced Automotive Battery (NiNH or Lithium-Ion) is one which is fitted to newly-assembled Electric, PHEV and Hybrid passenger car.\nMacro economic, political and environmental events such oil dependency, new competition and increasing carbon emissions have all contributed towards the new move to electrification of transportation.
  • Yet some industry observers argue that the emerging Electric Vehicle (EV) and Plug-In Hybrid Electric Vehicle (PHEV) markets could flatten out due to unproven technology.\nThey reckon that these markets will be initially bolstered by heavy subsidies to automakers, battery makers and consumers but that sustained growth will depend on yet-to-be-proven battery technology as well as on supporting government policies.

IRP Systems announces $31M series C to further accelerate its Electric Vehicle (EV) powertrain offerings and expand its global reach

Retrieved on: 
Wednesday, April 28, 2021

b'TEL-AVIV, Israel, April 28, 2021 /PRNewswire/ -- IRP Systems , the leading provider of innovative electric powertrain solutions for e-mobility, announced a $31M Series C funding round today, bringing its total funding to $57M.

Key Points: 
  • b'TEL-AVIV, Israel, April 28, 2021 /PRNewswire/ -- IRP Systems , the leading provider of innovative electric powertrain solutions for e-mobility, announced a $31M Series C funding round today, bringing its total funding to $57M.
  • During the past year, IRP Systems has acquired leading global automotive customers and more than doubled its size.
  • Leveraging its unique powertrain design and control algorithms, the company\'s breakthrough TrueDrive product portfolio reaches an unprecedented level of efficiency.
  • IRP Systems is removing the last barriers of electric vehicle adoption by making electric mobility technology affordable for the mass market and accelerating its adoption worldwide.

With more electric vehicles comes more proof of safety

Retrieved on: 
Thursday, April 22, 2021

b'ARLINGTON, Va., April 22, 2021 (GLOBE NEWSWIRE) -- Evidence is growing that electric vehicles are at least as safe as conventional ones, with two more vehicles that run exclusively on battery power earning safety awards from the Insurance Institute for Highway Safety.

Key Points: 
  • b'ARLINGTON, Va., April 22, 2021 (GLOBE NEWSWIRE) -- Evidence is growing that electric vehicles are at least as safe as conventional ones, with two more vehicles that run exclusively on battery power earning safety awards from the Insurance Institute for Highway Safety.
  • Several plug-in hybrid vehicles earned awards, too.\n\xe2\x80\x9cIt\xe2\x80\x99s fantastic to see more proof that these vehicles are as safe as or safer than gasoline- and diesel-powered cars,\xe2\x80\x9d says IIHS President David Harkey.
  • This result is similar to an earlier HLDI study of hybrid vehicles, and one likely explanation is that the large batteries used in both types of vehicles make them substantially heavier than their conventional counterparts.
  • Occupants of heavier vehicles are exposed to lower forces in multivehicle crashes .\nThe XC40 Recharge has a curb weight of 4,787 pounds, compared with 3,811 pounds for the conventional model.