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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million, an increase of 2.4% North America.

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Average price of new light vehicles in US hit high in 2016; driven up by trucks; cars moving in opposite direction

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However, the price increase is driven by light trucks, with the $35,289 average truck price for 2016 beaten only by the $35,997 average in 2015, according to data gathered by the US Department of Energy (DOE). Finance charges or finance incentives are excluded. Source: DOE. Click to enlarge.

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China Developing National Emission Standard V, Likely to Be Published in 2015

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Ren added that State Administration of Taxation and the Finance Ministry are also considering levying a car emission tax in future. The National Emission Standard V is expected to be published by 2015, according to him. MEP recently banned gasoline vehicles below National Emission Standard I from driving in Beijing.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. Batteries are the platform technology for clean energy goals, so financing these supply chains is at the heart of the race towards net zero. Refined nickel, too, will pose a challenge.

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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

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For the first three years, the carbon price will be fixed, before moving to an emissions trading scheme in 2015. From 1 July 2015, the carbon price will be set by the market. However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. a year in real terms.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. Under the plan, by 2015 average passenger car fuel consumption is targeted to drop to 6.9 L/100km (40 mpg US) or less.

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First Cobalt announces positive feasibility results for Canadian cobalt refinery expansion; first NA producer of battery-grade cobalt sulfate

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. $37 million in undiscounted pre-tax free cashflow to the project forecasted during the first full year of production. 139 million after-tax net present value (NPV) using an 8% discount and 53% after-tax internal rate of return (IRR), representing a payback period of only 1.8 NPV – Pre-Tax (8% Discount Rate).

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