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

Green Car Congress

The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1 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

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

As the industry grapples with reducing weight without reducing attributes like size, safety or performance they are going to need to increase the use of lightweight materials. by 2020 and in one case study they were able to save between 70 and 75 lbs (32 to 34 kg) of vehicle mass for a cost penalty of $280-$350 ($4-$5/lb).

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