article thumbnail

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. during the global recession in 2008/2009. IHS Markit forecasts 2020 US auto sales to be 14.4 IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1

Gasoline 269
article thumbnail

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.

article thumbnail

US DOE Issues Request for Information on Hydrogen and Fuel Cell Market Development; Reports to Congress on Program

Green Car Congress

billion (FY 2004 - FY 2008), including the competitive selection of nearly $830 million (subject to appropriations) in research, development, and demonstration (RD&D) projects (nearly $1.2 Since that time, DOE has dedicated $1.2 billion with private sector cost-sharing).

Congress 150
article thumbnail

Lessons From Norway’s Journey To Becoming The Global Leader In EV Adoption

Wallbox

This approach of virtually redesigning the tax structure within the auto industry also stands out amongst other countries, which mainly rely on direct subsidies to incentivize EV purchases over internal combustion engine cars. By 2015, Norway already had 10,000 charging stations.

Global 83
article thumbnail

Will green cars put industry on road to profit?

Green Cars News

It believes that many of the domestic industry’s problems stem from an underestimation of US consumer demand for green cars. Tags: Green cars Latest news auto industry profits gas prices petrol prices US auto industry. Leave a comment with your thoughts.

article thumbnail

The Long View from SAE 2009 World Congress

Green Car Congress

During the intervening six and half years in the US alone, the auto industry will sell a projected 70-80 million internal combustion engine cars, pointing out the importance of improving today’s technology. Masdar is a multi-billion dollar project to create a mile-square city in a desert environment where “ nothing grows ” today.

2009 150
article thumbnail

A 100 m.p.g. truck? A Bright IDEA | Freep.com | Detroit Free Press

Tony Karrer Delicious EVdriven

Facebook Digg Reddit Newsvine More evidence that we are approaching an exciting new frontier in the automotive industry will be on display today on Capitol Hill. will be unveiling its IDEA, a 100 miles-per-gallon plug-in hybrid electric vehicle. • MORE: "How to Build a 100 Mile-Per-Gallon Car. The 100 m.p.g. Yep, a truck.

IDEA 57