PHEV
= Hybrid Electric Vehicle.
BET
= Battery Electric Vehicle
Sales of PHEVs
continued
their decline.
YTD sales of BEVs
continued
at less than 1.5%
of light vehicle sales.
BEVs have never reached
1.5% of total light vehicle sales
in any year in the United States.
Germany is mandating
hat BEVs must replace
all new light vehicle
sales by 2030.
German car manufacturers
sold 3.5 million vehicles
in Germany in 2018 and
another 1.4 million
in the United States,
of which 500,000
were imported.
Over 25% of German
car sales were in
the United States.
GM, Ford and Chrysler
could be beneficiaries
of Germany’s plan
to end the manufacture
of internal combustion
engines in Germany.
The cost of batteries
for BEVs must come down
from around $200 per kWh
to below $80 per kWh
for BEVs to be competitive
with gasoline and
diesel-powered vehicles,