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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 North America. North America continues to be an impetus to global light vehicle demand levels. IHS Automotive projects regional light vehicle sales volume in North America to hit more than 20 million units in 2015, up 2.5% South America.

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LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

billion The parties agreed to produce EV batteries so Hyundai could accelerate its electrification efforts in North America. The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. Hyundai aims to become one of the top three global automakers by 2030.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 —Mark Wakefield, a director in AlixPartners’ Global Automotive Practice. million units in 2011 and only 13.6 million in 2012.

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KPMG survey: global auto execs expect slow growth in electrified vehicle sales; intensified investment coming in the face of current modest demand

Green Car Congress

In polling 200 C-level executives in the global automotive industry for the 2012 automotive survey, KPMG found that executives in the US and Western Europe expect even less consumer adoption, projecting e-vehicles will only account for 6-10% of global annual auto sales. —Gary Silberg.

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CMU study finds that HEVs and PHEVs with small battery packs offer more emissions and oil displacement benefits per dollar spent than large pack PHEVs and BEVs; policy implications

Green Car Congress

and battery production, driving location, and upstream supply chain emissions, we use a medium global valuation for GHG emissions, and we assume the battery will last the life of the vehicle. Value of life cycle air emissions and oil displacement benefits compared to federal tax credit for plug-in vehicles. are also substantial.

PHEV 186
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Tesla Giga Canada makes sense: CN Minister emphasizes auto industry’s new “supplier of choice” [Opinion]

Teslarati

CN seems to be hyper-focused on developing its green supply chain and catering to the auto industry. Also, the recently signed Inflation Reduction Act encourages automakers—legacy and startup alike—to secure supply chains in North America. . We are working fast for our workers and the auto industry.

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The EV Transition Explained: How to Meet Sales Targets?

Cars That Think

Recommendations on how to complete the numerous global and domesticate systems engineering efforts across multiple industries required to carry out such policies in such a short time frame is conspicuously absent from LLNL’s report, however. Only about 20 EVs on the market today are currently eligible for the tax credits.

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