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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 million units, in the wake of the COVID-19 pandemic. The relative strength of the March data compared to February suggests many plants may be online near full capacity again.

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Next 10 report finds California must increase GHG reductions to 4.9%/year through 2030 to meet target

Green Car Congress

The largest one-year emissions drop California has ever achieved was at the height of the Great Recession in 2009, when climate pollution fell 6.1%. But, if any state can achieve this level of reductions while supporting a healthy economy, it’s California. Private sector investment can also drive green stimulus.