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

Green Car Congress

A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. The region faces months of rolling disruption as the conjoined health and economic crises play out across economies. Europe autos demand for 2020 is set at 15.6 million units.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

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

Green Car Congress

The size of the contraction of the Russian car market remains a significant wild card that will impact the European market throughout the year, according to the analysis, while other countries in the region continue to recover at a rate of 2.5 The North American market will continue its upswing, though the pace differs by country.

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Mixed Outlook for Mainstream Consumer Adoption of PHEVs

Green Car Congress

New car buyers are not like pioneers, advocates and experts, Kurani noted. The Most Plausible Early Market consumers value fuel economy. Questions for the industry, Kurani said, include how do we get from where households currently are to where PHEVs provide the most benefit? Which cars should be built when?

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

Paul Taylor, Chief Economist for the National Automotive Dealers Association, had the following observations: At $4/gallon gas people looked at more economical versions of the same vehicle rather than going down in vehicle size—they continue to buy cars that meet their needs. Department of Defense and Fuel Economy.

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Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized.

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Demand for oil ‘passed its peak’

Green Cars News

Industry analysts reckon oil demand in developed countries likely reached its all-time peak in 2005. The economic downturn has been masking a larger trend in the oil demand of developed countries,” said IHS CERA Chairman and Pulitzer Prize-winning author of The Prize, Daniel Yergin.

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