{"id":74824,"date":"2024-07-25T12:04:16","date_gmt":"2024-07-25T16:04:16","guid":{"rendered":"http:\/\/autosector.com\/?p=74824"},"modified":"2024-07-25T12:04:16","modified_gmt":"2024-07-25T16:04:16","slug":"1143918_report-phevs-will-peak-at-10-of-global-market-in-2030","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=74824","title":{"rendered":"Report: PHEVs will peak at 10% of global market in 2030"},"content":{"rendered":"<ul>\n<li><strong>EVs are still the future<\/strong><\/li>\n<li><strong>The sudden revival of plug-in hybrids is predicted to peak at 10% of the market<\/strong><\/li>\n<li><strong>Sales of PHEVs is predicted to call as battery prices drop and EVs become less expensive<\/strong><\/li>\n<\/ul>\n<p>Plug-in hybrids are experiencing a <strong>sales resurgence<\/strong>, but they&#8217;re unlikely to surpass EVs in the long term, predicts <a href=\"https:\/\/about.bnef.com\/blog\/tracking-the-revival-of-plug-in-hybrids\/\" target=\"_blank\" rel=\"noopener\">Bloomberg New Energy Finance<\/a>.<\/p>\n<p>Sales of plug-in hybrids have grown in recent years, boosted by popularity in China, and BNEF now expects them to achieve a higher peak market share than in previous analysis. However, that market share will likely <strong>peak at 10%<\/strong> of the global vehicle market in 2030, after which BNEF predicts sales will fall as battery price drop further and EVs become more affordable.<\/p>\n<p><span id=\"static-marker-video-player-primis\"\/><\/p>\n<div class=\"image_wrapper first_wrapper\" readability=\"7\"><img fetchpriority=\"high\" decoding=\"async\" name=\"tccimg_100923779_m\" title=\"2025 Kia Sorento plug-in hybrid\" src=\"data:image\/png;base64,R0lGODlhAQABAAD\/ACwAAAAAAQABAAACADs=\" alt=\"2025 Kia Sorento plug-in hybrid\" width=\"640\" height=\"426\" class=\"first_image lazy\" data-width=\"1024\" data-height=\"682\" data-url=\"https:\/\/images.hgmsites.net\/lrg\/kia-sorento_100923779_l.webp\" data-src-h=\"https:\/\/images.hgmsites.net\/hug\/kia-sorento_100923779_h.webp\" data-src=\"https:\/\/images.hgmsites.net\/lrg\/kia-sorento_100923779_l.webp\" data-src-l=\"https:\/\/images.hgmsites.net\/lrg\/kia-sorento_100923779_l.webp\" data-src-m=\"https:\/\/images.hgmsites.net\/med\/kia-sorento_100923779_m.webp\" data-src-s=\"https:\/\/images.hgmsites.net\/sml\/kia-sorento_100923779_s.webp\"\/><\/p>\n<p>2025 Kia Sorento plug-in hybrid<\/p>\n<\/div>\n<p>In the U.S., <a href=\"https:\/\/www.greencarreports.com\/news\/1142176_us-plug-in-hybrid-sales-hit-a-record-high-in-2023\" target=\"_blank\" rel=\"noopener\">plug-in hybrid sales hit a record high<\/a> in 2023, according to the Department of Energy. With more than 250,000 vehicles sold, they represented about <strong>20% of total plug-in vehicle sales<\/strong>, but <strong>less than 2%<\/strong> of overall new-car sales. Many plug-in hybrids lost the federal EV tax credit this year, and pricing was already generally less favorable compared to hybrids in 2023, so there&#8217;s cause to wonder whether this growth will continue.<\/p>\n<p>After discarding technology it pioneered with the Chevrolet Volt, General Motors plans to <strong><a href=\"https:\/\/www.greencarreports.com\/news\/1142159_gm-not-quite-all-in-on-evs-will-add-plug-in-hybrids-in-us\" target=\"_blank\" rel=\"noopener\">reintroduce plug-in hybrids<\/a><\/strong> to its U.S. lineup in response to what the automaker views as softening EV sales. Toyota plans to push the electric range of its plug-in hybrids up to 120 miles, which would align with stricter California emissions standards calling for plug-in hybrids with <a href=\"https:\/\/www.greencarreports.com\/news\/1132190_california-plan-80-fully-electric-by-2035-50-mile-plug-in-hybrids-tighter-tailpipe-emissions\" target=\"_blank\" rel=\"noopener\">at least 50 miles of electric range<\/a> starting with the 2026 model year.<\/p>\n<div class=\"image_wrapper\"><img decoding=\"async\" name=\"tccimg_100880536_m\" title=\"2023 Toyota Prius Prime\" src=\"data:image\/png;base64,R0lGODlhAQABAAD\/ACwAAAAAAQABAAACADs=\" alt=\"2023 Toyota Prius Prime\" width=\"640\" height=\"429\" data-width=\"1024\" data-height=\"686\" data-url=\"https:\/\/images.hgmsites.net\/lrg\/2023-toyota-prius_100880536_l.jpg\" data-src-h=\"https:\/\/images.hgmsites.net\/hug\/2023-toyota-prius_100880536_h.jpg\" data-src=\"https:\/\/images.hgmsites.net\/lrg\/2023-toyota-prius_100880536_l.jpg\" data-src-l=\"https:\/\/images.hgmsites.net\/lrg\/2023-toyota-prius_100880536_l.jpg\" data-src-m=\"https:\/\/images.hgmsites.net\/med\/2023-toyota-prius_100880536_m.jpg\" data-src-s=\"https:\/\/images.hgmsites.net\/sml\/2023-toyota-prius_100880536_s.jpg\" class=\"lazy\"\/><\/p>\n<p>2023 Toyota Prius Prime<\/p>\n<\/div>\n<p>Plug-in hybrids are now the most expensive powertrain option in the U.S., according to BNEF, while in China prices have dropped below conventional internal-combustion cars over the past five years. That&#8217;s been accompanied by improvements in electric range and charging speed that make Chinese plug-in hybrids more useful as electric vehicles, the report says.<\/p>\n<p>Yet BNEF still questions whether plug-in hybrids are actually driven in electric mode. An analysis of current research over the past decade found a range of 26% to 54% of kilometers driven in plug-in hybrids driven in electric mode, with some of the largest studies, &#8220;involving millions of cars in China&#8221; on the high end, according to BNEF. Numerous studies have shown that plug-in hybrids <a href=\"https:\/\/www.greencarreports.com\/news\/1138255_study-phevs-aren-t-plugged-in-as-often-as-regulators-assume\" target=\"_blank\" rel=\"noopener\">aren&#8217;t plugged in as often<\/a> as is assumed when calculating emissions efficiency ratings\u2014something regulators must address.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EVs are still the future The sudden revival of plug-in hybrids is predicted to peak at 10% of the market Sales of PHEVs is predicted to call as battery prices drop and EVs become less expensive Plug-in hybrids are experiencing a sales resurgence, but they&#8217;re unlikely to surpass EVs in the long term, predicts Bloomberg [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-74824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/74824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74824"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/74824\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74824"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}