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IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining

Green Car Congress

This while VIO is up 1.5%, a rate the auto industry hasn’t seen in the US since 2004-2005. Because of improved quality and consumers holding their cars and light trucks longer, vehicles 12-plus years old continue to grow and will increase by 15% by 2019.

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IHS Markit: average age of cars and light trucks in US rises again in 2019 to 11.8 years

Green Car Congress

This represents one of the highest annual increases the US auto industry has seen since IHS Markit began tracking VIO growth—second only to the 2.3% For the aftermarket repair industry, however, there is also a positive trend with the oldest light vehicles on the road. million (2.2%) since 2018. growth in 2016.

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IHS Markit: average age of light cars and trucks in US rises again in 2016 to 11.6 years; record number in operation

Green Car Congress

years, according to IHS Markit, a provider of business information and analysis for the global automotive industry. This represents the highest annual increase the auto industry has seen in the US since it began tracking VIO growth, breaking the record of 2.1% million (2.4%) since last year. growth set in 2015.

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At CES, legacy automakers scramble to keep up in AI arms race – ET Auto

Baua Electric

As artificial intelligence becomes the new horsepower for car buyers, established automakers are redoubling efforts to match the digital features that set Tesla, BYD and other new rivals apart, industry executives and analysts said at the CES technology show in Las Vegas. The transition to software-dominated cars is challenging.

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Personal: One in a Million

Clean Fleet Report

In fact, it might not even be possible for the auto industry to produce that many EVs, although the rate of expansion is dizzying. If EV adoption continues on its current trajectory, it would be an easy goal, but keeping growth on the existing steep curve is highly unlikely. Behind the Numbers.

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USABC awards Cobasys $8.4M for the development of high-energy density Li-ion cells and packs for EVs

Green Car Congress

USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR), the collaborative automotive technology organization of Chrysler Group LLC, Ford Motor Company and General Motors Company, whose mission is to further strengthen the technology base of the domestic auto industry through cooperative research and development.

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Rivian IPO: What you need to know

Teslarati

Couple that with this new issue the entire industry is dealing with, the chip crisis, that just adds another layer of complexity,” Drury noted. . Schwab served as Rivian’s Vice President of Sales and Marketing during her tenure with the company. Rivian’s Production Plans. ” Conclusion.