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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

Green Car Congress

The average price of a new light vehicle (including both cars and light trucks) was up to a record $31,790 in 2016, up from the most recent low of $28,243 in 2008. The average price for cars in 2016 was $25,774—similar to $25,750 in 2015 and $25,747 in 2014, and down from a high of $29,808 in 1999. Source: DOE.

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ChargEVC: New Jersey plug-in electric vehicle registration up 79% for MY 2016 vehicles over 2015

Green Car Congress

Registration of model year 2016 plug-in electric vehicles (PEVs) in New Jersey was up 79% over 2015, according to a recent analysis by ChargEVC , a diverse coalition of organizations and companies that support growth of the electric vehicle market. Interest in these cars is growing.

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Porsche spent €2.2B on R&D in 2016; PHEVs, Mission E BEV, digitalization

Green Car Congress

In FY 2016, Porsche spent €2.2 In the medium-term, we want to generate a double-digit percentage of sales through digital services. —Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT. FY 2016 was the company’s most successful. billion (US$2.4

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CCM: demand for ternary Li-ion batteries in China to more than double to 10 GWh in 2016 from 4.4GWh in 2015 due to subsidy fraud and response

Green Car Congress

The firm forecasts an immediate boom in demand for ternary Li-ion batteries—mainly used to power alternative energy vehicles—from 4.4GWh in 2015 to 10 GWh in 2016. According to MOF, some AEV firms had cheated the government by falsifying sales records. Subsidy fraud from five Chinese AEV makers in China. million (RMB1.0

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Rio Tinto launches START: the first sustainability label for aluminum using blockchain technology

Green Car Congress

Sample START Sustainability Label to be provided upon request with each sales order. In 2016, Rio Tinto launched RenewAl, the world’s first certified low-CO 2 primary aluminum brand. Across its aluminum operations, Rio Tinto’s greenhouse gas emissions intensity is 60% lower than the industry average.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). Emerging economies such as India are forecast not to see significant EV sales until the late 2020s.

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GM to launch 18 models in China in 2017 for growth; half to be SUVs or MPVs; more new energy vehicles

Green Car Congress

The products are expected to build on GM’s 2016 sales record of 3.87 The company announced earlier that it will roll out more than 60 new and refreshed vehicles in China from 2016 through 2020, including 13 models launched last year. million vehicles. This year, GM will bring to the market more new energy vehicles.

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