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

Green Car Congress

The magnitude of gasoline demand decline will be much greater than the impact of the 2008 recession and could be further protracted depending on how effective social distancing measures are at controlling the spread of the COVID-19 virus. during the global recession in 2008/2009. IHS Markit forecasts 2020 US auto sales to be 14.4

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Ford, BASF partner to deliver auto industrys first castor oil-based foam in the 2012 Focus

Green Car Congress

Ford was the first automaker to demonstrate soy-based foam could be formulated to pass the stringent requirements for automotive applications, pioneering its use in seats for the 2008 Ford Mustang and in headliners for the 2010 Ford Escape. .

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Toyota CEO steps down, opening up possibility of new EV strategy

Teslarati

Toyoda is known not only for his relation to the founder of the largest automotive company in the world, but also for taking the helm of CEO at Toyota after the market collapse of 2008 and guiding the company to where it is today. Akio Toyoda’s goals within the auto industry were clear.

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All Western European Countries Will Have CO2-Related Car Taxation This Year; European Auto Industry Urges Harmonization of Schemes

Green Car Congress

The number of EU countries with CO2-related car taxation rose to 15 in 2008. In 2008, motor vehicle taxes in the EU 15 added up to €378 billion (US$501 billion) or 4.1%

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Center for Automotive Research calls long-run economic risk to auto industry of mandating permanent fuel economy standards very serious; recommends periodic reviews

Green Car Congress

Based on the results of the study, CAR believes the economic risk to the auto industry connected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.

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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

From 2008-2013, however, the increase was 12.2%. 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% There is simply a lack of 2008 and 2009 model year vehicles due to the lower sales numbers during that timeframe.

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IHS: average age of light vehicles in US rises slightly in 2015 to 11.5 years; length of new vehicle ownership hits record high

Green Car Congress

million (2.1%) since last year and the highest annual increase the auto industry has seen in the US since IHS began tracking VIO growth. The rate of growth is slowing as compared to 2008-2013 due to the recovery in new vehicle sales. For used vehicles, it is 63 months, an increase of just more than 25 months (since Q1 2006).

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