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. The local industry is already recovering, with commercial vehicle plants re-opened. China slowly gaining momentum after shutdown.

2020 191

2020 Commercial Global Production 191

Green Car Congress

JUNE 1, 2016

But Statoil’s CFO said the world could start to see supply problems by 2020. A sharp rise in oil prices would spur new investment and new drilling. The price acts as a self-correcting mechanism. Supply overshot demand, crashed prices, and in response, supplies will undershoot demand in the next few years.

Oil 150

Oil Supplies Market Oil Prices 150

Green Car Congress

JANUARY 1, 2011

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. CAGR from 2012 through 2020 to about $250/kWh. gallon gasoline.

Transportation 250

Transportation Gasoline Lithium Ion Gasoline-Electric 250

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. Honda, the world’s largest engine maker, set a goal ofleading the industry in hydrogen fuel cell autos. Oil prices are going to go up. millionthis year from $211.9

Obama 53

Obama Honda Plug-in Plug 53

Wallbox

JANUARY 4, 2021

In order to envision what may lie ahead, it’s key to understand how the EV industry was evolving up until the novel Coronavirus outbreak. The ongoing COVID-19 pandemic has slowed down the world as we know it and the automotive industry is no exception. EVs were experiencing rapid growth before the COVID-19 outbreak.

Economy 52

Economy Electric Vehicles Vehicles Electric 52