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

Green Car Congress

A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1 The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1

Gasoline 269
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China auto sales sluggish on consumer sentiment, improvement expected in Q2, says Deutsche Bank

CN EV Post

(Image credit: CnEVPost) Low consumer sentiment in the wake of the Covid wave has led to weak auto sales in China, though the situation is expected to see relief in the second quarter, and the launch of new models and lower lithium carbonate prices are also encouraging, according to Deutsche Bank. million to 1.75

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Volvo Cars aiming for 50% of sales to be fully electric by 2025

Green Car Congress

Volvo Cars aims for fully electric cars to make up 50% of its sales by 2025, the company announced in Beijing. The announcement builds on Volvo Cars’ 2017 announcement that all new models released from 2019 will be available as either a mild-hybrid, plug-in hybrid or battery-electric vehicle.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

Key developments in the transportation sector that they note include: Positive for gasoline demand: Strong Chinese car growth in 2010, particularly in the first half of the year, with vehicle sales up 30% year-on-year (YoY) through the first eleven months of 2010. In DB’s Fall 2009 note, they had forecast 12% growth.

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Big Oil Betting On Electric Vehicles

Green Car Congress

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electric vehicle versus a cheaper, comparable gasoline-engine vehicle.

Oil 218
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Buick on breaking point of electrical shift

Baua Electric

Buick has presented its endmost up-to-date gasoline-powered car. Following the debut of the Envista subcompact crossover this pace, each and every up-to-date style Buick launches will probably be an electrical car. ” stated Sam Fiorani, vice chairman of world car forecasting at AutoForecast Answers. .

Buick 52
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China and Norway Lead the World’s EV Switchover

Cars That Think

government recently backed down from enacting tough new measures that would have forced automakers to quadruple their sales of electric vehicles by 2030. The move would have raised market share of all-electric vehicles in the U.S. If those sunny forecasts hold up, they certainly won’t hinder other national EV adoption goals.

Norway 94