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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 Most commercial vehicle factories in mainland China have returned to production. million units, in the wake of the COVID-19 pandemic. decline in global real GDP in 2020.

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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. Oil companies are making painful cuts to spending, which will translate into much lower production than expected in the years ahead. When oil prices go up, people buy fuel efficient cars.

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How and When the Chip Shortage Will End, in 4 Charts

Cars That Think

considered getting into the chip-stimulus game as well. A variety of analysts agree that the most problematic shortages will begin to ease in the third or fourth quarter of 2021, though it could take much of 2022 for the resulting chips to work their way through the supply chain to products. In March of 2023, the U.S.

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How NI plans to innovate in the EV test and measurement industry and unlock the power of data

Charged EVs

The Austin-based company has been launching new products and making strategic acquisitions to build complete solution-level capabilities for EV battery testing and validation, led by its automotive customers who don’t have time to build up the technology themselves. I also spent a lot of my time on our software products.

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This is How the COVID-19 Pandemic Affect The Global EV Market

Get Electric Vehicle

CO2-emission restrictions have a big impact on market conditions because they challenge automakers to make more fuel-efficient cars and the incentives from the state, such as buying price discounts and tax cuts, have a significant impact on market demand. Nurturing environment and related infrastructure. Change in consumer behavior.

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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Without the CAFE standard and stimulus monies to promote green vehicle tech, the industry would not be headed toward a greener horizon.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

But if the scenario plays out in an uncontrolled fashion, every automaker will almost certainly lose production and incur steep financial losses. This will not alleviate the entire liquidity problem, but it will buy some time for the suppliers to formulate the consolidation plans. The Role of Banks. The Role of the OEMs.

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