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

Green Car Congress

The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1 Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8

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CAR: US light-duty vehicle sales to dip in 2019

Green Car Congress

CAR’s forecast includes a continuation of sales declines in 2020 and 2021 down to 16.5 Solid new housing starts and home prices rebounding to pre-recession levels. The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 million units for 2019. million units in 2021.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

As the industry grapples with reducing weight without reducing attributes like size, safety or performance they are going to need to increase the use of lightweight materials. by 2020 and in one case study they were able to save between 70 and 75 lbs (32 to 34 kg) of vehicle mass for a cost penalty of $280-$350 ($4-$5/lb).

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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. However, Winterkorn said, VW, and the German auto industry in general, abandoned the early advantage and work in electromobility. in pure electric vehicles in 2020. Currently, cars contribute.

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