Green Car Congress

APRIL 18, 2020

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 decline in global real GDP in 2020. million units, in the wake of the COVID-19 pandemic. China slowly gaining momentum after shutdown.

2020 191

2020 Commercial Global Production 191

Green Car Congress

JUNE 1, 2016

But Statoil’s CFO said the world could start to see supply problems by 2020. A sharp rise in oil prices would spur new investment and new drilling. The price acts as a self-correcting mechanism. When oil prices go up, people buy fuel efficient cars. Of course, these figures are not inevitable.

Oil 150

Oil Supplies Market Oil Prices 150

Green Car Congress

JANUARY 1, 2011

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. CAGR from 2012 through 2020 to about $250/kWh. Click to enlarge.

Transportation 250

Transportation Gasoline Lithium Ion Gasoline-Electric 250

Wallbox

JANUARY 4, 2021

Outside of Europe, the US and China have experienced a sharp decrease in overall car sales as well. Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. Car manufacturers have already pledged over $2.5

Economy 52

Economy Electric Vehicles Vehicles Electric 52