Green Car Congress

APRIL 18, 2020

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 decline in global real GDP in 2020. million units, in the wake of the COVID-19 pandemic. China slowly gaining momentum after shutdown.

2020 191

2020 Commercial Global Production 191

Tony Karrer Delicious EVdriven

APRIL 30, 2009

Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimulus package approved in February for buyers of plug-incars. are also developingfuel-cell cars, those companies, as well as Honda, don’t expecthydrogen to be competitive with gasoline autos until about 2020. Oil prices are going to go up.

Obama 53

Obama Honda Plug-in Plug 53

Wallbox

JANUARY 4, 2021

Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. Additionally, consumers are likely to opt for more economical choices when possible, avoiding premium consumer goods.

Economy 52

Economy Electric Vehicles Vehicles Electric 52