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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.

Gasoline 269
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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. Coupled with this, the momentum could lead to downward adjustment in premium pricing, which helps provide solid foundation for premium vehicle penetration to further increase in China in the next decade. North America. million units.

2015 150
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Alternative fuels to ‘power car industry growth’

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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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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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Within a decade, he added, Volkswagen wants to offer significant numbers of pure electric cars at affordable prices and with the range expected by customers. The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. And the auto industry doesn’t hold back on announcements.

2013 150
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Mixed Outlook for Mainstream Consumer Adoption of PHEVs

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Given high initial costs, volatile oil prices, improving competition, an industry in poor financial shape and consumers who aren’t perfectly rational.who actually are quite risk averse.advanced technology may be a hard sell. Start talking about more than just climate change. times as much.

PHEV 150
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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’

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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. Peak demand will dampen the rate of increase in dependency on oil imports.

Oil 36