article thumbnail

Current issue of fka/Roland Berger E-mobility Index drops US to 4th place

Green Car Congress

Besides an updated comparison of the competitive positions, a focus of this issue is on the market effects of the COVID-19 pandemic and the developments in emissions legislation, especially in Europe. Increased sales volumes in Europe are to a large extent due to the purchase incentives contained in stimulus packages.

article thumbnail

IHS Markit forecasts 18% drop in global vehicle sales YoY to 73.3M units under extended lockdown scenario

Green Car Congress

17% Europe vehicle sales decline YoY to 17.1 The US has seen a 30% decline in national registration volume in March 2020 over February 2020. A 15% probability of an extended lockdown with ineffective stimulus scenario contains stringent virus-fighting efforts lasting into the third quarter of 2020. million units.

Stimulus 221
article thumbnail

IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

Green Car Congress

Global automotive semiconductor revenue for 2020 will exceed initial expectations, primarily due to an increase in the average semiconductor value per car sold this year, according to a new forecast by IHS Markit. IHS Markit now expects semiconductor revenue to contract in 2020 by -9.6%

2020 170
article thumbnail

IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

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
article thumbnail

IHS Markit: global auto sales to drop 22% this year

Green Car Congress

The IHS Markit forecast for Greater China sales in 2020 sees volume at 21.4 We may see a first-in, first-out phenomenon in China, and auto demand could bottom out midway through 2020 and begin to recover in the second half of the year. The forecast is for Europe to see sales fall 24.6% y/y in 2020. million units.

Global 150
article thumbnail

European automotive sector calls for vehicle renewal incentives to kickstart economic recovery after COVID-19; 25-point action plan

Green Car Congress

This is intended to boost private and business demand, support economic recovery across the board as well as accelerate the rejuvenation of the vehicle fleet on Europe’s roads. Purchase and investment incentives should be based on similar criteria across Europe, drawing on both national and EU funding.

Renewable 207
article thumbnail

Researchers suggests high level of air pollution in Northern Italy a co-factor in COVID-19 mortality rate

Green Car Congress

The index gathers data from several thousand measuring stations all over Europe, providing a geographical insight into the prevalence of a number of pollutant sources in the EU. Moreover, a prolonged exposure to air pollution leads to a chronic inflammatory stimulus, even in young and healthy subjects. 2020.114465.

Italy 246