Remove Auto Remove Scrappage Remove Thailand
article thumbnail

Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

Green Car Congress

Austerity plans will prevent governments in Europe from boosting 2012 sales through scrappage programs and other incentives offered in previous years. European sales are expected to be flat or down slightly, to just over 19 million units, according to Polk.

2012 199
article thumbnail

Are global EV sales forecast to improve by the end of 2024?

Baua Electric

This was largely caused by high sales growth of extended-range EVs (EREVs), popularised by BYD and Li Auto. However, the Union of Auto Workers strikes highlighted the risks that EVs may pose to domestic OEMs. This was calculated assuming normal scrappage rates. The market’s swing towards PHEVs, from 18.3% This was up from 2.1%

Global 52
article thumbnail

How will a Trump presidency impact the global EV market in 2025?

Baua Electric

Assuming normal scrappage rates, EV Volumes forecasts it will take until 2042 for half the global fleet to be electric. This was largely caused by high sales growth of BYD PHEVs and Li Auto extended-range electric vehicle (EREV) SUVs. Thailand, for example, has lowered the interest rate for automotive loans.

Global 52