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S&P Global Mobility’s Mark Hazel breaks down the latest commercial vehicle trends — from light-duty growth and tariff-driven declines to the real story behind EV adoption, hybrid potential, and fleet consolidation.
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Commercial vehicle registrations for both hybrid and battery-electric vehicles skyrocketed from 2019 to 2024 while ICE registrations declined, according to data from S&P Global Mobility.
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The state joins the ranks of Ohio, Florida, Virginia, and the nationwide clearinghouse state of West Virginia in providing faster titling and lien services.
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While barriers remain to creating a national system, a new coalition is pushing for reforms as a new digital clearinghouse reduces the time to register and retitle vehicles from weeks to hours.
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The 16 EU countries reported less new registrations than in 2020 but increased volume for battery-electric and plug-in hybrid vehicles.
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Battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and hybrids all showed record volumes, with BEVs and PHEVs both exceeding 1,000,000 registrations each in 2021 over their 2020 figures. True fleets increased their PHEV volume by 186,000 units over 2020, but an astounding 244,000-plus BEVs from private registrations recorded largest volume increase of any fuel type and channel.
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The Covid-19 pandemic and semiconductor shortage have disrupted the trend towards self-registrations in Europe. The Dataforce analysis of market channels in new registrations figures explains the pre-crisis trend and the changes in the last two years, along with the differences between market and brand strategies.
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The Global Fleet Conference is back in person this year (with a virtual option) and ready to provide unparalleled education and networking opportunities. Scheduled for Oct. 26-28, 2021, at the Hilton Miami Downtown in Miami, Florida.
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The top three fleet models for November were the Volkswagen Passat, the BMW X1, and Skoda Octavia.
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The commercial vehicle market in Finland improved by 23.6% for the month of September, though year-to-date numbers are still down by 19.3%.
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