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

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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 A faltering global auto market will have a big hit on sales of EVs. million units.

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Alternative fuels to ‘power car industry growth’

Green Cars News

While the global economic climate may still be fairly dire, a new report suggests that for the UK auto industry growth will be driven by new technology and investment into alternative fuel powertrains over the coming few years. While rising oil prices might seem to pose a threat to auto makers, according to the latest [.].

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

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in 2014 as a result of industrial overcapacity and weakness in the real estate sector. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. to 3%, helped by the European Central Bank’s (ECB) commitment to full-blown Quantitative Easing (QE). million units.

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

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Winterkorn made the remarks during a presentation at the 17 th Handelsblatt-Jahrestagung in Munich on 3 July, during which he outlined VW’s approach to future mobility in the current context of the economic crisis, pessimism about the industry and technology potential. And the auto industry doesn’t hold back on announcements.

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Mixed Outlook for Mainstream Consumer Adoption of PHEVs

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Questions for the industry, Kurani said, include how do we get from where households currently are to where PHEVs provide the most benefit? Start talking about more than just climate change. The net effect of correcting this problem will be pressure on purchase prices first and operating costs second.

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

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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

World oil demand is poised for recovery driven by emerging markets but demand from developed countries is unlikely return report finds. Demand for oil in developed countries—currently 54 percent of all oil demand—has passed its peak, the latest research suggests. Tags: Green credentials demand IHS CERA OECD Oil report.

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