cern and opposition. These measures are considered to be aimed at recent trends by Chinese companies.   On March 5, the European Council formally adopted the amended European Climate Law, introducing a binding intermediate target to reduce greenhouse gas emissions by 90% compared to 1990 levels by 2040. The revised regulations allow for the use of international credits for up to 5% of emissions reductions from 2036 onward, provided that at least...

Market & Tech Reports  Updated at: 2026/03/27

single technological pathway.” Rather than relying solely on electrification, he argues that a multi-track technology strategy, adapted to differences in markets, infrastructure, and energy mixes, is essential to achieving faster and more effective global decarbonization. A Realistic View Toward 2040   Looking ahead to 2040, several realities underscore the limitations of an all-electric approach: Even in 2040, approximately 60% of new vehic...

Market & Tech Reports  Updated at: 2026/03/06

NextTruck Conference 2025 Software, future drives and changing markets: transforming the trucking world Summary Opening Keynote: A vision for Europe's role in a transforming truck world (Daimler Truck) Market impacts of the EU 90% Combustion Engine Phase-Out by 2040 (ACEA) How BYD will revolutionize E-truck business in Europe (BYD) Android Automotive OS and SDV for trucks (P3 Group) Next-Level Charging: How Battery Swapping Will Unlock E-Truck Ad...

Market & Tech Reports  Updated at: 2026/01/22

age in 2020 to a "parallel" stage in 2024. In the future, stack cost and stack life metrics are expected to be further optimized. The "SAE China 2025: Technology Roadmap 3.0 for Energy Saving and NEVs", released in October 2025 by the China Society of Automotive Engineers, sets detailed targets for 2040 for China's fuel cell and related sectors.   In terms of international strategic trends, the United States plans to primarily apply fuel cells t...

Market & Tech Reports  Updated at: 2025/12/23

ding sales of CO2-neutral fuels (eFuel, hydrogen, biofuels, etc.) consistent with EU regulations.   For heavy-duty vehicles, in February 2023, the European Commission announced a revised proposal, changing the reduction after 2030 compared to 2019 from the original 30% → 45%, and after 2035 and 2040, reductions of 65% and 90%, respectively, compared to 2019. Subsequently, an exception was made, allowing new car sales after 2035 for vehicles e...

Market & Tech Reports  Updated at: 2025/12/01

SAE China 2025: Technology Roadmap 3.0 for Energy Saving and NEVs By 2040, over 80% of sales to be NEVs; smart connected cars will reach L4 Summary China's automotive industry targets for 2040 Industry-wide technology Roadmap classifications Energy-efficient vehicles: Approx. 30% of passenger car sales in 2040 NEV: Market penetration rate will be over 85% in 2040, of which BEVs will account for 80% Intelligent Connected Cars: Towards full deploym...

Market & Tech Reports  Updated at: 2025/11/27

t began investing aggressively in the BEV sector. It is now anticipated that its global production will decline to 3.3 mn units by 2037. In May 2025, Honda announced that it had readjusted its BEV strategy. While maintaining the initial target to replace 100% of vehicle sales with BEVs and FCEVs by 2040, it announced downgrades to its BEV sales target by fiscal year 2030, from 2 mn units to 750k units, and reduced its BEV-related investment by JP...

Market & Tech Reports  Updated at: 2025/10/29

s platform extensively by building more affordable BEVs to navigate the current market downturn. After that, new platforms—namely H-K eM and H-K eS—will gradually succeed H-K E-GMP to support ZEV projects for major markets. Hyundai Group will likely continue to produce ICE models until at least 2040, thereby enhancing the current ICE platforms that support both ICE and electrified models. The automaker is also likely to enhance the H-K E-GMP ...

Market & Tech Reports  Updated at: 2025/10/23

ase from 69k units in 2024 to 122k units by 2030. The introduction of new B- and C-segment SUVs is expected to contribute over 50k units, alongside further expansion of the well-performing Elevate B-segment SUV. U.S.   Honda set US targets for BEV/FCEV sales of 40% by 2030, 80% by 2035 and 100% by 2040. The company announced it is expanding the US 2040 target to encompass total global sales. As such, FHEVs will comprise the majority of company e...

Market & Tech Reports  Updated at: 2025/09/26

hybrids (HORSE Powertrain), High-end vehicles (Alpine), financing, energy, and mobility (Mobilize), and the circular economy (The Future is NEUTRAL).   On December 9, 2024, the Renault Group announced how far the Group will still have to go to achieve its goal of being net zero-carbon in Europe by 2040 and worldwide by 2050. The Group reduced its CO2 emissions by 28% between 2010 and 2023. It is advancing electrification to reach a goal of cutti...

Market & Tech Reports  Updated at: 2025/08/08

order not to increasingly lose compatibility.   Matias GianniniCEOHORSE Powertrain LimitedLondon     Matias Giannini, CEO of HORSE Powertrain, addressed the challenge of the transition to electric vehicles, pointing out that more than one billion vehicles are still expected to be non-electric by 2040.   On May 31, 2024, Geely Holding Group and Renault Group officially established HORSE Powertrain Limited (HP), headquartered in London. In Dece...

Market & Tech Reports  Updated at: 2025/06/20

language model to support voice/touch control/gesture interaction. The Smart Driving System is a driver assistance solution jointly developed by Audi and Momenta. AUDI E5 Sportback   SAIC VW   In November 2024, the VW Group and the SAIC Group announced a JV agreement that will run until 2040, deepening the understanding and integration of technologies, resources and markets, and promoting localized innovation and globalization. Two m...

Market & Tech Reports  Updated at: 2025/06/11

ations have been reorganized (other Chinese companies are 51% owned by ZF). Future direction: The company is focusing on the following two areas for future growth: Electrification of commercial vehicles – There will be a huge demand to convert all internal combustion engine vehicles to xEVs by 2040. Wind power gearboxes - ZF is ranked #3 in the world, ahead of Chinese companies, and can continue to grow by leveraging its competitive edge. ...

Market & Tech Reports  Updated at: 2025/04/15

eir family and loved ones, Mazda offers a driving and transportation experience that is unique to Mazda, as well as the latest environmental and safety features.   Advanced safety features   In November 2022, Mazda announced that it would achieve zero fatal accidents involving its new vehicles by 2040, provided that countermeasures are possible using available automotive technology.   Specifically, the CX-60, launched in Japan in September 202...

Market & Tech Reports  Updated at: 2025/04/01

ntly being applied to motor design, and Huawei's high-speed permanent magnet motors use the Pangu Large Model developed in-house. (Source: Created by MarkLines based on presentation content) Technology forecast for drive motors Fiscal year of development Industry standard in 2024 2030 2035 2040 Development goal - The core performance indicators of the drive motor itself have reached the world's advanced level. All drive motor materials...

Market & Tech Reports  Updated at: 2025/02/18

duled to be produced exclusively for the Chinese market. Joint venture agreement with SAIC extended The VW Group extended its JV agreement with the SAIC Group on November 26, 2024, further strengthening their long-term cooperative relationship. The joint venture agreement for SAIC-VW runs through 2040. By 2030, SAIC-VW plans to launch 18 new models, 15 of which will be developed for the Chinese market. Import of finished vehicles/parts On Nov...

Market & Tech Reports  Updated at: 2025/01/28

ed vehicles (EVs and PHVs) by 2030. The remaining 0-10% will allow for mild hybrid vehicles, if needed. By 2025, the electrified models are expected to account for 50-60% of total sales. The company remains committed to its long-term ambition (full electrification and achieving carbon neutrality by 2040). Hyundai Motor,Kia Kia aims to expand its EV lineup to 11 models by 2026, and 15 models by 2027, making its lineup fully electric by 2035. In ...

Market & Tech Reports  Updated at: 2024/12/25

er PHEV can carry payload up to 1t and a maximum towing capacity of 3.5t. The all-new Ranger PHEV is equipped with a 12-inch touchscreen in the central console with Ford SYNC 4A for the infotainment system.   F-Line E   Ford Trucks aims to achieve zero emissions in heavy commercial vehicles by 2040. To reach this target, the company has invested in hydrogen-fueled engines as well as battery-electric technologies. At IAA Transportation 2024, ...

Market & Tech Reports  Updated at: 2024/12/05

AR technology, which provides precise measurements of distance and can be used to improve navigation and obstacle detection, contributing to safer and more efficient flight operations.     Driving Sustainable Innovation @ZFDr. Holger Klein - CEO, ZF Group   Aiming for climate neutrality by 2040 (33rd Aachen Colloquium Sustainable Mobility, organized by © Aachener Kolloquium Fahrzeug- und Motorentechnik GbR, Photo: Copyright © ZF Group)...

Market & Tech Reports  Updated at: 2024/12/02

any will promote the installation of safe driving support systems and smart cockpits in all series models. - Regarding the environment, the company is promoting the electrification of all series models with the goal of achieving carbon neutrality throughout the product lifecycle by 2045 (preferably 2040). In addition, a new zero carbon emission EV plant will be built in 2024, and carbon peaking and manufacturing phase carbon neutrality will be ac...

Market & Tech Reports  Updated at: 2024/11/05