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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

A further analysis, looking at the contribution to xEV growth of each OEM derived from the latest LMC light vehicle powertrain forecast, sheds further light on the returns expected. and is an innovation leader with the highest number of patents filed amongst other global automakers. —Bakar Sadik Agwan.

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.

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CAR: US light-duty vehicle sales to dip in 2019

Green Car Congress

The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025. US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025. million units for 2019. million units in 2021.

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Will the Japanese Auto Industry Completely Collapse?

My Electric Car

The Japanese auto industry is facing a potential demise due to its slow adoption of electric cars. However, the Japanese auto industry has been slow to adopt this technology, and has not been able to keep up with the competition from other countries.

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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

The average age of light vehicles in operation (VIO) in the US has risen again this year to 11.8 From 2002-2007, the average age of light vehicles in the US increased by 3.5%. —Mark Seng, director, global automotive aftermarket practice at IHS Markit. The oldest light vehicles are found in the West at 12.4

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PwC’s Autofacts forecasts global light vehicle assembly to hit 81M units in 2013, 101M by 2017

Green Car Congress

Global light vehicle assembly is expected to reach 81 million units in 2013, an increase of 2.3 While the global market is expected to see positive growth overall, there are a number of mixed signals at the regional level. Autofacts forecasts annual global light vehicle assembly to reach 101 million by 2017.

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

Green Car Congress

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 in 2014 as a result of industrial overcapacity and weakness in the real estate sector. However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 The IHS Automotive US light vehicle sales forecast for 2015 is 16.9

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