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Sales of plug-in hybrid cars soared by almost three-quarters year on year in May, dramatically outstripping the 3.4% overall growth in new car registrations. Nearly 4,000 plug-in hybrids were bought last month, up from 2,301 in May 2017. Registrations of purely battery-powered cars were up by nearly a fifth, to 1,099. The numbers are still a small fraction of the total 192,649 cars bought in the month but all electrified vehicles combined took a record market share of 5,8%. However, the demand for diesel cars continues to wane in the face of environmental and tax concerns. Diesel reg...
Two Detroit automakers on Friday reported an increase in U.S. auto sales for May as demand for sport-utility vehicles and pickup trucks continues to buoy sales despite rising gas prices. May is often the biggest sales month of the year for auto sales, with Memorial Day sales driving car shoppers to dealerships to kick off the summer selling season. SUVs and pickup trucks accounted for about 67% of sales in May, according to J.D. Power, the highest level ever for May. The richer mix of SUVs and pickup trucks, which carry higher prices than passenger cars, drove the average transactio...
Electric car sales around the world rose by 54 percent in 2017, taking global stock across the three-million threshold, the International Energy Agency said in a report. In China, the world’s biggest market for electric vehicles, sales grew by about half – but their market share remained small at 2.2 percent. In Norway, electric vehicles have by far the world’s highest market share with 39.2 percent according to the IEA. The Paris-based agency was optimistic about the sector’s prospects saying that supportive policies and cost reductions are likely to lead to...
A new report says that electric car sales are expected to massively increase in the next years, reaching 55 percent of global new car sales by 2040, replacing 7 percent of gas and diesel consumption. Sales of electric cars have just managed to top 1.1 million per year, but the report from Bloomberg New Energy Finance suggests that they are set to grow to 11 million in 2025 and topping 60 million vehicles, which will be about 55 percent of the new car market, by 2014. The prediction is that electric vehicles will replace 33 percent of the total global car fleet by then. Helping to le...
Volvo will not offer a diesel in its new S60 sedan, which will be released this spring. The new S60 will be available with a range of four-cylinder gasoline engines as well as two versions of its gasoline-electric plug-in hybrid powertrain. This move comes as Volvo accelerates its shift toward electrified powertrains and away from diesels, which accounted for almost 80 percent of its sales in Europe last year. Diesel sales have taken a hit in Europe because of potential bans on older, more polluting cars with the powertrain and the high cost of improvements to ensure that new d...
