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BCG forecasts electrified vehicles to take half of global auto market by 2030; hybrids to dominate

Green Car Congress

In a new report (its fourth on electric car adoption) the Boston Consulting Group forecasts that a combination of hybrid and fully electric powertrains will cut the global market share of pure internal combustion engines (ICEs) by about 50% by 2030. Regional Market Variations.

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BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

Green Car Congress

Advanced biofuels, concentrated solar power (CSP), and solar photovoltaic power (PV) will see accelerating adoption and growth and are on track to change the global energy mix far earlier than is often assumed, according to a new report from The Boston Consulting Group (BCG). Click to enlarge. BCG, November 2010).

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The Future of Gas Stations: Navigating Challenges and Embracing Opportunities

Driivz

Furthermore, electrifying gas-convenience stores will become not only a necessity to meet global climate goals but also a financial imperative. Best Time for Gas Stations to Electrify However, the growth of electric vehicles (EVs) adoption presents a meaningful opportunity for these gas station owners to innovate.

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U.S. EV adoption is happening faster than anticipated

Teslarati

According to Hollis, consumer demand isn’t sufficient enough for the mass adoption of battery electric vehicles to develop as fast as everyone would like. He added that battery electric vehicles cost too much and that the infrastructure isn’t ready for recharging the batteries away from home. “I It’s the Toyota Camry.”

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Hyundai IONIQ 6, Kona EV are two of the cheapest cars (EV or gas) to lease at just $169/mo

Baua Electric

Hyundai is offering two of the cheapest cars to lease (EV or gas-powered), the IONIQ 6 and Kona EV, in the US, with prices as low as $169 per month. According to S&P Global registration data, Hyundai was the fourth best-selling EV maker in 2024, with 51,411 electric cars delivered, or 4.5% of the US EV market.

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Shell to divest 1,000 retail locations, and also expand EV charging. Coincidence? – Charged EVs

Baua Electric

Is Shell shutting down gas stations in order to replace them with EV charging hubs? Shell’s “ Energy Transition Strategy 2024 ” mentions electric vehicles at least 30 times (accompanied in almost every case by a mention of biofuels), and concedes that growing EV adoption may cut into the demand for petroleum (at least a little).

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Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive

Baua Electric

The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. Much of the growth is thanks to rising demand for Hyundai’s electric models. For now, electric vehicles are the top priority,” Hyundai Motor Group CEO Chang Jae-hoon said earlier this month.

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