Norway hit 68.4% plugin electric vehicle market share in July, up significantly from 48% in July 2019. The 2020 year-to-date figure is also now over 68%, up from 2019’s full year result of 56%. The overall automarket saw strong recovery in July, with volume up 6.5% compared to July 2019. China Hydropower Equipment Market TrendEurope Hydropower Equipment MHydropower EquipmentHydropower Equipment IndustryHydropower Equipment MarketHydropower Equipment Market Intelligence Bank of America Merrill Lynch’s Rick Sherlund, one of Wall Street’s leading authorities on technology, suggests the coronavirus pandemic fallout is accelerating urgency for cutting edge software. Smart home automationSmart home automation MarketSmart home automation Market Analysis
August 4th, 2020 by
Norway hit 68.4% plugin electric vehicle market share in July, up significantly from 48% in July 2019. The 2020 year-to-date figure is also now over 68%, up from 2019’s full-year result of 56%. The overall auto market saw strong recovery last month, with volume up 6.5% compared to July 2019.
Full battery electrics (BEVs) had 4,408 sales (~45% share of the overall market) in July, and plugin hybrids (PHEVs) ended up with 2,278 sales (~23% share). Year to date, BEVs have taken over two thirds of the plugin market in Norway.
Best selling BEVs in July included the Audi e-tron, Mercedes-Benz EQC, and Hyundai Kona:
The EQC had its best month of the year in Norway, almost as much as all previous months combined. It currently sits inside the year-to-date top 10 best sellers, a great result given the relatively high price point (699,000 kr / ~€65,000 / $76,500).
Mercedes-Benz recently said that it has improved battery supply for the EQC, so we may see these higher levels sustained from now on. The company is aiming to produce 50,000 units in 2020, but admits that global demand is higher than this.
The MG ZS EV also put in a relatively strong result in July, likely ahead of the Nissan LEAF once we discount the large proportion of parallel imports the LEAF’s figure includes.
Looking past the monthly ebb and flow, 2020’s cumulative BEV best sellers (in order) are the Audi e-tron, VW e-Golf, Nissan LEAF, Hyundai Kona EV, and Tesla Model 3.
Based on trends in recent years, the year-to-date cumulative market share result achieved by July is almost always exceeded in the final full-year result. This year will also see new plugin models and increased volume availability arriving in the second half, including the Volkswagen ID.3.
Together, these influences should see 2020 reach 70% or higher market share for plugin vehicles in Norway, up from 2019’s 56%. What do you think? Please share your thoughts in the comments.
Article photos courtesy of respective brands.
Tags: audi, audi e-tron, End of oil, Europe, Europe EV sales, EV market share, EV sales, Hyundai, Hyundai Kona, Hyundai Kona EV, Mercedes-Benz, Mercedes-Benz EQC, MG Motor, MG ZS EV, Nissan, Nissan Leaf, norway, Norway EV Market Share, Norway EV Sales, renault zoe, volkswagen, Volkswagen ID.3
Author: Dr. Maximilian Holland
Comprehensive Analysis of the Development Factors in the Industry – Bulletin Line
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Tech power player Rick Sherlund: ‘Software is not only eating the world, it’s leading the market higher’
He hit No. 1 on Institutional Investor’s all-star analyst list for software 17 times in a row.
Now as an investment banker, Rick Sherlund is a tech power player who believes the group’s record run is in the early innings.
During Tuesday’s exclusive interview on CNBC”s “Trading Nation,” he delivered a bullish case for tech, emphasizing demand for cutting-edge software as the U.S. battles the fallout from the coronavirus pandemic.
“Software is not only eating the world, it’s leading the market higher,” said the Bank of America Merrill Lynch vice chairman of technology investment banking. “Covid has accelerated the momentum and the urgency behind digital transformation.”
Big Tech has been crushing records on Wall Street. On Tuesday, the tech-heavy Nasdaq closed at its 30th all-time high so far this year. It’s now up almost 22% in 2020, while the broader S&P 500 has risen 2%.
Plus, the Nasdaq has soared 65% since the March 23 low.
“The sector offers phenomenal growth, and right now, the Street is valuing that growth because you can’t find growth elsewhere,” Sherlund said.
He suggests the record run is justified based on long-term potential.
“Software used to be the tail of the dog, and now it’s become the head of the dog,” he said. “People use this to not only work at home, but shop at home, to learn at home, to play, to entertain at home [and] to socialize. So, software is really becoming the business.”
He also downplays comparisons with the 2000 tech bubble.
“We are nowhere near those kinds of levels, and we have good business models now,” said Sherlund. “I took a look recently at a number of dot-com names — where they were valued back then and where they are today. We are nowhere near those kinds of valuation levels.”
However, Sherlund acknowledges the rally could see some temporary burnout due to the nature of the economic recovery.
“It’s likely to be led by the cyclical sectors that have lagged behind, and that’s going to require a vaccine,” he added. “But the growth rates that we see in the sector are just getting started.”
According to Sherlund, the softness should be temporary, and tech IPOs will heat up in 2021.
“We are seeing a new generation of technology emerging over the horizon, a new generation of visionary leaders. It’s well funded and guided by experienced VC board members.” said Sherlund. “There’s an awful lot to be done in the space.”
He expects innovation to overshadow risks including the presidential election and U.S.-China trade tensions.
“Companies are probably going to go out in an earlier stage,” Sherlund said. “I have companies now that are doing about $100 million [in revenues] saying ‘can we hit the window next year?'”
Author: Stephanie Landsman
Smart home automation Market Overview and Forecast 2020| Impact of Worldwide COVID-19 Spread Analysis- ABB Ltd. (Switzerland), Control4 Corporation (U.S.), Crestron Electronics, Inc. (U.S.), Honeywell International Inc. (U.S.), Ingersoll-Rand plc (Ireland) – Bulletin Line
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The major vendors covered: ABB Ltd. (Switzerland), Control4 Corporation (U.S.), Crestron Electronics, Inc. (U.S.), Honeywell International Inc. (U.S.), Ingersoll-Rand plc (Ireland), Johnson Controls (U.S.), Legrand SA (France), Leviton Manufacturing Company, Inc. (U.S.), Lutron Electronics Co., Inc. (U.S.), Schneider Electric (France), Siemens AG (Germany), and more…
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