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Benchmark: Russia’s invasion of Ukraine risks raising costs for Europe’s auto industry

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Russia’s invasion of Ukraine threatens to increase costs for Europe’s vehicle industry, which is already struggling with record high lithium prices and a shortage of semiconductor chips, according to Benchmark Mineral Intelligence. —Greg Miller, an analyst at Benchmark.

Ukraine 334
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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

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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 is now in a full-scale coronavirus crisis with demand conditions worsening by the day.

Gasoline 269
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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

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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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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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in 2014 as a result of industrial overcapacity and weakness in the real estate sector. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. Europe; Russia influences. million units. million units; a 27% decline over 2014 and nearly 40% (1.2

2015 150
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Can Electric Vehicles Speed Up As The Economy Slows Down?

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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. The ongoing COVID-19 pandemic has slowed down the world as we know it and the automotive industry is no exception. EVs were experiencing rapid growth before the COVID-19 outbreak.

Economy 52
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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

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Winterkorn made the remarks during a presentation at the 17 th Handelsblatt-Jahrestagung in Munich on 3 July, during which he outlined VW’s approach to future mobility in the current context of the economic crisis, pessimism about the industry and technology potential. And the auto industry doesn’t hold back on announcements.

2013 150
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Heard At The Show: Snippets from SAE 2009 World Congress

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Similar programs have been successful in Western Europe. 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. How much does it cost to save weight? Department of Defense and Fuel Economy. —Bill Cooke.

Congress 150