Remove Auto Industry Remove Economy Remove Future Remove Oil Prices
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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

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 Europe autos demand for 2020 is set at 15.6 million units. million units, down by 13.6%

Gasoline 269
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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Amidst the COVID-19 pandemic, several conflicting reports about the future of EVs have emerged: some predict EVs to grow by 38% year-over-year, while others forecast a 43% drop. In order to envision what may lie ahead, it’s key to understand how the EV industry was evolving up until the novel Coronavirus outbreak.

Economy 52
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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

The forecast, put together by the advanced transport team at BNEF, relies on likely future reductions in price for lithium-ion batteries and of prospects for the other cost components in EVs and internal combustion engine vehicles. We see a momentous inflection point for the global auto industry in the second half of the 2020s.

PHEV 170
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Mixed Outlook for Mainstream Consumer Adoption of PHEVs

Green Car Congress

The Most Plausible Early Market consumers value fuel economy. That could yield more than 50 mpg of fuel economy—or usage of less than 300 gallons per year—and still be a lot cheaper than a plug-in hybrid or a fuel cell vehicle, he noted. Based on the game results, battery pack requirements would be equal to or less than 2 kWh.

PHEV 150
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Demand for oil ‘passed its peak’

Green Cars News

Industry analysts reckon oil demand in developed countries likely reached its all-time peak in 2005. But the stronger governmental and consumer push for passenger vehicle fuel economy gains driven by energy security concerns and climate change initiatives have also led to reduced demand for oil in the OECD. mbd in 2014.

Oil 36
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Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized.

Plug-in 218
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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

Here are three reasons why I think BYD will become an important company in the not too distant future. 3) TED 2009 (+2) Anti-Nuclear Effectively Means Pro-Fossil Fuel (+2) Consumption dwarfs population as main global warming threat (+2) If youve already signed up for TEC, you dont need to register again. BYD’s engineering prowess.

Chinese 28