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PHEVs and oil demand, Porsche charging, point-of-sale tax credit: Today’s Car News

Green Car Reports

The point-of-sale EV tax credit is very popular. And are plug-in hybrids potentially adding to future oil demand? With the release of its annual EV sales outlook, Bloomberg New Energy Finance suggests that plug-in hybrids are a wild card for oil demand. Porsche adds thousands of chargers to its app.

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Kia introduces 5th-generation Sportage SUV; gasoline, diesel, HEV, PHEV

Green Car Congress

Developed on a new architecture, the all-new Sportage will offer gasoline and diesel powertrains at market launch later this year, followed by hybrid-electric (HEV) and plug-in hybrid electric (PHEV) models. It also features a new oil pump that has been optimized for capacity along with a high-efficiency tooth profile design.

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Lexus to debut the NX PHEV OFFROAD Concept and hydrogen-engined ROV Concept at Tokyo Auto Salon

Green Car Congress

Lexus will debut the NX PHEV OFFROAD Concept and hydrogen-engined ROV (Recreational Off highway Vehicle) Concept at the Tokyo Auto Salon 2022 held at Makuhari Messe (Chiba City) this weekend. The NX PHEV OFFROAD Concept is based on Lexus’ first PHEV model that went on sale in November 2021, the NX 450h+.

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BYD debuts DM-i PHEV technology and 1.5L Xiaoyun Engine; 43% BTE

Green Car Congress

BYD launched its DM-i hybrid technology alongside the official announcement of the high efficiency version of the 1.5L Xiaoyun engine, which is dedicated for plug-in hybrid vehicles (PHEVs). plug-in hybrid engine is specifically built for the DM-i hybrid technology.

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2025 Q5 PHEV returns, remains Audi’s lone plug-in hybrid

Baua Electric

Split among three trim levels, PHEV Q5 prices range from $59,795 to $67,995, including $1,295 in destination. It also buys one of the very few PHEVs that qualifies for a federal tax credit of $3,750. Audi pegs the 4,652-pound PHEV crossover SUV at a 0-60 mph time of 5.0 That buys a turbo-4 five-seat crossover with a 17.9-kwh

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PHEVs and EVs outsold gas-powered cars in China in July

Baua Electric

Electric cars and plug-in hybrids outsold non-hybrid internal-combustion cars in China—the world’s largest new-car market—in July, reports Reuters. Sales of plug-in cars increased 37% last month from the same period a year earlier, reaching a record 50.7% The July sales growth came after 28.6% in June and 14.3%

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Lux Research: despite cheap oil, niche plug-in vehicle sales will be resilient; conventional hybrids to be hardest hit

Green Car Congress

The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil.

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