Deliveries of plug-in hybrid and all-electric vehicles across Europe will jump fourfold to 1 million units in 2020, predicts Europe’s Transport & Environment group.
T&E says the growth will be driven by the desire of carmakers to avoid hefty European Commission fines if their new-car fleets fall below average carbon dioxide emissions of 95 grams per kilometer. The penalty will be €95 ($105) per gram over the limit, multiplied by sales volume.
The regulatory pressure will be evidenced by a bevy of new electric models to be unveiled at the Frankfurt auto show this week. Daimler, Honda, Lamborghini, SEAT, Vauxhall and Volkswagen are among those with production-ready vehicles to launch.
Market analyst IHS Markit notes that the number of electrified models offered in Europe will triple by 2021.
Mazda, the Little Car Company That Can, has been working on a number of important fronts of late.
Continental, an automotive supplier that has a deep engineering bench, is making a huge organizational change, one that Dr. Elmar Degenhart, chairman of the executive board, explains is necessary because, as he puts it, “The industry is changing at a high pace, so we have to change, too.”
Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.