Remove Auto Industry Remove China Remove Climate Remove Oil Prices
article thumbnail

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

Green Car Congress

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 IHS Markit downgraded its expectations for Mainland China by 2.3 million units.

Gasoline 269
article thumbnail

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

Green Car Congress

China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% in 2014 as a result of industrial overcapacity and weakness in the real estate sector.

2015 150
article thumbnail

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. However, Winterkorn said, VW, and the German auto industry in general, abandoned the early advantage and work in electromobility. That penetration could be significantly higher in big cities and certain regions, such as China.

2013 150
article thumbnail

Demand for oil ‘passed its peak’

Green Cars News

But the stronger governmental and consumer push for passenger vehicle fuel economy gains driven by energy security concerns and climate change initiatives have also led to reduced demand for oil in the OECD. The latest IHS CERA ‘World Oil Watch’ report expects oil demand to increase from 83.8 mbd in 2014. 83 per cent (4.4

Oil 36
article thumbnail

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Cleantech Blog Cleantechblog.com, the premier cleantech site for commentary on news and technology relating to clean tech, greentech, energy, climate change and carbon, and the environment. Ontological Shock An Open Letter to Fred Krupp Report from GridEcon Conference SGS Climate Change Head on the First Carbon Credit. SZ (1) 6753.T

Grid 28
article thumbnail

Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

Sign Up Login All Posts | About & Contact Us | Get a TEC Badge | Getting Started with The Energy Collective Cutting-edge insight on energy and climate that you wont find anywhere but here. Within a few years, BYD’s batteries were cheaper and just as reliable as those made by industry giants ony and Sanyo.

Chinese 28
article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Outside of Europe, the US and China have experienced a sharp decrease in overall car sales as well. With the global automotive industry spiraling, several reports have questioned how EVs will fare vis-à-vis the turbulence in the broader industry. According to CleanTechnica , China will spend up to $1.5

Economy 52