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.
Lithium-ion batteries have become the technology of choice for EVs, and falling costs and rising energy levels could keep them on top for nearly two decades.
Honda is an engine company.
GM gives its mid-size pickup customers what they’ve been clamoring for, a clean and quiet, high-torque, fuel-efficient diesel.