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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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Report finds US automakers remain profitable under future CAFE standards even with fuel price fluctuation

Green Car Congress

Even with wide-ranging unpredictable gas prices, US automakers will remain profitable and suppliers will benefit under existing national fuel economy standards slated to be in place until 2025, according to a new economic analysis brief prepared by independent automotive industry analysts, commissioned by the nonprofit group Ceres.

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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. We’re now seeing average age begin to plateau and return to its traditional rate of increase as consumers have recovered from the great recession and have begun buying new vehicles again.

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T&E concludes that diesel cars emit more CO2 on a full lifecycle basis than gasoline cars

Green Car Congress

Europe buys 7 out of 10 diesel cars and vans sold globally while less than 1% of new vehicles sold in the US are diesel and in China, the world’s largest vehicle market, diesel represents less than 2%. This “diesel bonus” cost national budgets almost €32 billion in lost tax revenue in 2016 alone.

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Volkswagen & Audi to pay >$14.7B in US to settle 2.0L diesel emissions case; $2B of that to promote ZEVs

Green Car Congress

If approved by the Court, this will be the largest consumer auto industry class action settlement in US history. Volkswagen may begin buying back eligible vehicles as early as the fall of 2016, just over one year after the diesel emissions issues were first revealed. Vehicle Fix.

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Berkeley study finds clean vehicle rebates have predominantly benefited wealthy, white Californians

Green Car Congress

Researchers Dana Rubin and Evelyne St-Louis, two recent graduates of the University of California, Berkeley’s master’s program in city and regional planning, analyzed 98,901 rebates issued to Californians buying or leasing low-emission vehicles from the inception of the Clean Vehicle Rebate Project in 2010 through March 2015.

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Electric Car Watch #1: Electric Car Disruption will destroy ICE Car Market | ? ?

Plug In India

If you encounter such people or articles, all you need to do is point them to the numbers and trends in the auto market. The Tesla Model 3 in 2016 got 400,000 pre-orders in just a week. If you buy an EV that lasts a million km, this EV will last 3 times longer than an ICE car. The Tesla Cybertruck has more than 1.3