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Will US auto industry simply succumb to China over electric cars?

Green Car Reports

auto industry was the world's largest. That ended in 2009, when China's sales of 13.5 million new vehicles—against more than 30 million sales in China. For a century, the U.S. million new vehicles surpassed a recession-slammed U.S. total of 10.4 Last year, U.S. drivers bought 17.5 in electric-car.

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

Green Car Congress

Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 during the global recession in 2008/2009. million units. year over year.

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Ceres: national fuel economy and emissions standards can increase viability of domestic automakers and suppliers

Green Car Congress

The pent-up demand from the 2007-2009 Great Recession, and record 2015 and 2016 sales, has been largely satisfied. Even so, current auto sales and profits remain strong. In 1985, more than two-thirds of Detroit Three unit sales were in North America. Innovation and market disruption. automakers and their suppliers.

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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

The 40 percent drop in new vehicle sales due to the recession created an acceleration in average age like we’ve never seen before. 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% million (2.2%) since 2018. growth in 2016.

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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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GM Shows Picture of New Chevrolet Agile for Mercosur Market

Green Car Congress

In 2008, it posted record annual sales (548,941 vehicles). GM was the first company in the Brazilian auto industry to provide 100% of its spark-ignited vehicles as flex-fuel. The company announced a new investment of $2 billion in July 2009 to launch a new family of vehicles, due in 2012, and expand its production capacity.

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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 Tax Guide is compiled with the help of the national associations of motor vehicle manufacturers or importers in these countries and describes in detail the taxes that are levied on the sale, registration, ownership and the use of motor vehicles in each country. The number of EU countries with CO2-related car taxation rose to 15 in 2008.

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