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...LMC forecasts that battery electric vehicle passenger vehicle sales in India will rise from about 5.5 per cent of total volumes in 2025 to 13.5 per cent by 2030....
...India’s overall vehicle wholesales totalled 4.07mn units in January to November of last year, up 26 per cent year on year, according to LMC Automotive, the consultancy....
...However, there are headwinds, said Al Bedwell, director of Global Powertrain at LMC Automotive, as chip shortages and high mineral prices needed for batteries threaten development....
...The US has 10 times the EV assembly capacity of Mexico and outpaces the rest of the continent in battery capacity, according to industry data provider LMC Automotive and Argonne National Laboratory....
...Forecasts from LMC, a data company, compiled before the UK measures were produced, expected engine-only vehicles to account for just 8 per cent of sales by the end of the decade, with battery cars expected...
...Titikorn Lertsirirungsun, Asean manager for LMC Automotive, the consultancy, described VinFast’s gambit as “high risk, high return”....
...As a result, the number of city cars manufactured in Europe each year has dropped from 1.13mn in 2019 to 787,000 in 2021, according to analysis by LMC Automotive....
...Global sales of battery-powered vehicles more than doubled in 2021 to 4mn units, according to consultants LMC Automotive....
...Even as electric vehicle sales rose 177 per cent to a record in May, VW’s electric ID series in May sold just 1,213 units, down from April, according to auto consultancy LMC....
...Car groups generally have tried to sell products developed for other markets in India, said Ammar Master, LMC analyst....
...The market for new-energy passenger vehicles will expand by 45 per cent this year, according to a projection by LMC....
...Some 734,000 battery models were sold across the continent in 2020 despite pandemic lockdowns, according to LMC Automotive, double 2019’s level and more than the previous three years combined....
...John Zeng, a Shanghai-based analyst at consultancy LMC Automotive, noted that the 19 per cent drop was still marginally above the market average, adding that the group’s outlook for the second half of 2020...
...said John Zeng, an analyst at LMC Automotive in Shanghai. General Motors and one of its Chinese partners, Guangzhou Automotive, have announced that they will make the masks themselves....
...“It’s almost impossible to know where the pinch points will be,” said Justin Cox, head of global production at LMC Automotive....
...Just over 320,000 light vehicles were sold in Vietnam last year, according to LMC. The Haiphong factory’s initial production capacity of 250,000 cars is set to double in a second phase....
...factory] was approved, the traditional manufacturers’ attitude was wait and see, because the investments are huge and they don’t want to make the first move,” said John Zeng, an analyst at consultancy LMC...
...Electric cars, with fewer moving parts and shorter supply lines, may help ease this, said Justin Cox, head of global production at LMC Automotive, although a lot will depend on where the batteries are sourced...
...Carol Thomas, central and eastern European analyst at LMC Automotive, said the incursion into Syria added to worries over the health of the Turkish economy....
...The joint venture between Daimler and BAIC is the core of the group’s business,” said John Zeng, managing director of research group LMC Automotive Shanghai....
...LMC, a consultancy, forecasts that four-fifths of cars sold in 2030 will have electric or hybrid power of some form, compared with 7 per cent currently, with about 30 per cent of sales being fully electric...
...Commercial and passenger vehicle sales in India grew 8.3 per cent last year to 3.99m, overtaking the 3.74m of sales in Germany, a market that grew less than 1 per cent, according to data from LMC Automotive...
...John Zeng, managing director of LMC Automotive Shanghai, an industry consultancy, said: “It’s no secret: local governments want to know if people are actually driving EVs, as they have to plan for the overall...
...Since 2007, Asians have been buying more cars and trucks than people in any other region — by about 2030 they will be buying as many vehicles as the rest of the world combined, according to LMC Automotive...
...LMC Automotive, a market intelligence provider, projects sales will fall 1.4 per cent this year and tumble another 1.8 per cent next year....
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