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EC rolls out CARS 2020 action plan for European auto industry

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Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. social impacts of restructuring. of around 16% of GDP to as much as 20% by 2020.

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EU auto sales expected to slow in 2024 as EV share increases: ACEA

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Manufacturers group the Association des Constructeurs européens d’Automobiles (ACEA) announced its latest forecast in a press release on Wednesday, which predicts that EU new car sales will increase by just 2.5 In January, the ACEA forecasted a 5-percent increase in 2023, showing the overall auto market slowing throughout this year.

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

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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 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 million units for 2020, with light vehicle sales forecast to post 22.4

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. This is a downward revision from the $35B the firm forecast for ESG spending through 2020 in a report published last August. 2010 vs 2011 forecasts.

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

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 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. The IHS Automotive US light vehicle sales forecast for 2015 is 16.9

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

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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 million units in 2011 and only 13.6 million in 2012. million units in lost vehicle sales this year. Preventing that erosion will be key.