Remove Auto Industry Remove Europe Remove Oil Remove Price
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 Europe is now in a full-scale coronavirus crisis with demand conditions worsening by the day.

Gasoline 269
article thumbnail

Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

Rising EV sales are set to remake the global auto industry and significantly reduce oil consumption for road transport, according to the new edition of the IEA’s annual Global EV Outlook , released today. This shift will have major ramifications for both the auto industry and the energy sector.

Global 52
article thumbnail

T&E concludes that diesel cars emit more CO2 on a full lifecycle basis than gasoline cars

Green Car Congress

The average diesel car is driven longer, however, only 4% of this is due to the lower fuel price (rebound effect). The composition of the biodiesel itself uses the average shares of rapeseed oil (48%), palm oil (27%), waste oils (15%), soya oil (5%), tallow & grease (4%), etc. l/100 km (37.3 mpg US) and 7.1

Gasoline 220
article thumbnail

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

Green Car Congress

The forecast, put together by the advanced transport team at BNEF, relies on likely future reductions in price for lithium-ion batteries and of prospects for the other cost components in EVs and internal combustion engine vehicles. We see a momentous inflection point for the global auto industry in the second half of the 2020s.

PHEV 170
article thumbnail

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

Green Car Congress

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. Europe; Russia influences.

2015 150
article thumbnail

Study finds technology cost of achieving European 2020 LDV CO2 targets more than offset by resultant fuel savings

Green Car Congress

This derives from the fact that most of the money spent on fuel leaves the European economy, while most additional money spent on fuel-saving technology remains in Europe as revenues for the technology suppliers. —“An Economic Assessment of Low Carbon Vehicles”.

2020 261
article thumbnail

139. THE SUN WILL RISE FROM THE WEST: Predictions for 2022

Qnovo

With electricity, there is no physical energy traversing oceans the way oil tankers did. The United States and Europe are both investing in building new battery factories for the future. Battery prices are free falling even with rising raw material prices. Therein lies the conflict.