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S&P Global Mobility: average age of light vehicles in US hits record high 12.5 years

Green Car Congress

With more than 284 million vehicles in operation (VIO) on US roads, the average age of cars and light trucks in the US has risen again this year to a new record of 12.5 In addition, the continued rise of light trucks/utilities means the number of passenger cars on the road will fall beneath 100 million for the first time since 1978.

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IHS cuts 2015 light vehicle sales forecast in China to 23.4 million; deeper cut for 2016

Green Car Congress

IHS revised downward its forecast for light vehicle sales in China, projecting a decline of 3 to 4 percent from previous estimates for 2015. IHS Automotive has reduced its full year 2015 light vehicle sales forecast for China to 23.4 percent, compared with its previous forecast of 4.4 percent year-over-year growth.

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Researchers forecast light-duty vehicle electricity use in 2050 considering electrification, autonomy and sharing: 13-26% of total demand

Green Car Congress

Considering electrification, autonomy and sharing (the “Three Revolutions”), a team from Boston University and the University of California, Berkeley projects that electricity use from light duty vehicle (LDV) transport will likely be in the 570–1140?TWh TWh range—13–26%—respectively, of total electricity demand in 2050.

Light 150
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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

The magnitude of gasoline demand decline will be much greater than the impact of the 2008 recession and could be further protracted depending on how effective social distancing measures are at controlling the spread of the COVID-19 virus. during the global recession in 2008/2009. IHS Markit forecasts 2020 US auto sales to be 14.4

Gasoline 269
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Forecast: Global Natural Gas Vehicle Fleet to Reach 17 Million by 2015

Green Car Congress

A new report from Pike Research forecasts that the global natural gas vehicle (NGV) sector is poised for a new period of growth. The cleantech market intelligence firm forecasts that the number of NGVs on the road worldwide will grow to 17 million vehicles by 2015, up from 9.7 million in 2008. between 2008 and 2015.

2015 268
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Polk Forecasts US LDV Sales to Grow 10.2% in 2010

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predicts the light vehicle market will be 11.5 million units in 2010, according to its most recent US light vehicle forecast. Light vehicle sales in 2009 were 10.4 lower than 2008. —Dave Goebel, North American forecast consultant for Polk. Polk’s forecast for Real GDP US growth in 2010 is 2.9%.

2010 170
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IHS Markit: global auto sales to drop 22% this year

Green Car Congress

IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3

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