article thumbnail

Bloomberg New Energy Finance forecasts plug-in electric vehicles could account for up to 9% of US auto sales in 2020 and 22% in 2030

Green Car Congress

Plug-in electric vehicles, including plug-in hybrids and battery electric vehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). Last week, J.D. million units in 2020, or some 7.3%

Financing 283
article thumbnail

Auto Loan Delinquencies Reach Record Levels

The Truth About Cars

According to TransUnion/S&P Global Mobility AutoCreditInsights, the high delinquency rate has encouraged captive finance companies, banks, credit unions and independent lenders to tighten underwriting standards. No matter how you look at it, auto loans are becoming a massive headache for consumers.

Auto 98
article thumbnail

DOE closes $102.1M loan to Syrah Technologies to expand production of graphite-based active anode material

Green Car Congress

This marks the first loan from the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program since 2011, and the first ATVM loan exclusively for a supply chain manufacturing project. The loan will help finance the construction of the Syrah Vidalia Facility. Vidalia Battery Anode Material Project Site Overview.

article thumbnail

BYD celebrates 7 million new energy vehicle (NEV) production milestone

Teslarati

That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global auto industry. Denza was established as a joint venture between BYD and Daimler way back in 2011, but over the years, the Chinese NEV maker has taken a larger stake in the company.

BYD 114
article thumbnail

A.T. Kearney study projects US auto sales volumes will trend back to historical levels by 2013; forecasts 13.2 million new units sold in 2011 and 16 million in 2013

Green Car Congress

million new autos will be sold in the US this year. The study cautions, however, that the availability of financing, total cost of ownership and the unfolding events in Japan will impact vehicle sales in both markets. billion contribution opportunity for the auto OEMs. A newly released study by A.T. Kearney forecasts 13.2

2013 186
article thumbnail

EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the. The Commission is convinced that financing should cover. social impacts of restructuring.

article thumbnail

Hagerty Canceling Detroit Concours d'Elegance for 2024

The Truth About Cars

Crain’s Detroit Business noted that the event had only spent two years in Detroit after the Traverse City-based specialty auto insurance company moved it there as part of planned revival. Additionally, it speculated that Hagerty was worried about finances after prioritizing growth. John's in Plymouth in 2011.

Detroit 105