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

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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.

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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. The price acts as a self-correcting mechanism.

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

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The plan was issued by the four associations representing the full automotive supply chain: from equipment and tire suppliers, to vehicle manufacturers, to dealers and workshops (ACEA, CECRA, CLEPA and ETRMA). Purchase and investment incentives should be based on similar criteria across Europe, drawing on both national and EU funding.

Renewable 207
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How and When the Chip Shortage Will End, in 4 Charts

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Unlike the state of things in mid 2021—when crimps in the semiconductor supply chain cropped up in big ways—supply and demand have become much less of a mismatch. considered getting into the chip-stimulus game as well. industrial concerns from falling victim to similar semiconductor supply chain snafus in the future.

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PRTM Analysis Finds Li-ion Battery Overcapacity Estimates Largely Unfounded, with Potential Shortfalls Looming; Total Market Demand in 2020 Will Require 4x Capacity Announced To Date

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PRTM concludes that the large format Li-ion battery market could be under-supplied by nearly 10% by 2016. The total Li-Ion battery market demand in 2020 will require about 200 GWh capacity, which is 4x the 50 GWh capacity that has been announced to date. Click to enlarge. Earlier post.). Click to enlarge.

Li-ion 170
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Germany Launches H2 Mobility Initiative to Expand Infrastructure for Refueling Hydrogen Vehicles

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Noting the importance of a hydrogen infrastructure with sufficient density, the automakers—Daimler, Ford, GM/Opel, Honda, Hyundai, Kia, Renault Nissan Alliance, and Toyota—in that LoU strongly supported building up a hydrogen infrastructure in Europe, with Germany as regional starting point, among other global starting points. Earlier post.).

Germany 268
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Major study concludes achieving EU 2050 transport decarbonization goals will require portfolio of advanced powertrains; fuel cells, battery-electric and plug-in hybrids

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The study focused on a portfolio of powertrains: BEVs, FCEVs, PHEVs and ICEs, taking into account significant advances in ICE technology between now and 2020. With the number of passenger cars set to rise to 273 million in Europe—and to 2.5 —“A portfolio of powertrains for Europe” Consortium members.

Plug-in 244