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IHS Markit: average age of cars and light trucks in US rises again in 2019 to 11.8 years

Green Car Congress

The 40 percent drop in new vehicle sales due to the recession created an acceleration in average age like we’ve never seen before. This represents one of the highest annual increases the US auto industry has seen since IHS Markit began tracking VIO growth—second only to the 2.3% million (2.2%) since 2018. growth in 2016.

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IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining

Green Car Congress

This year, we’re seeing somewhat of a plateau in the market, and expect it to remain over the next few years, without a major change in either direction. This rate of growth is slowing as compared to the last five years due to the substantial increase in new vehicle sales.

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Personal: One in a Million

Clean Fleet Report

California’s plug-in vehicle sales tally is impressive: 663,014 battery electrics (62.9%). In fact, it might not even be possible for the auto industry to produce that many EVs, although the rate of expansion is dizzying. The cars Californians choose set the tone for EV sales for 2021. Still turning in max EV miles.

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8-state alliance releases action plan to put 3.3M ZEVs on their roads by 2025

Green Car Congress

Together they represent about a quarter of the nation’s new car sales. Since the MOU signing, state regulators, the auto industry and infrastructure developers and other stakeholders have shared information and best practices to help move this effort forward. Earlier post.)

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Rivian IPO: What you need to know

Teslarati

And based on filings with the Securities and Exchange Commission (SEC), Rivian is looking to enter the public markets in a big way — and it is setting its ambitions very high. Such a valuation is ambitious , as it would make Rivian’s market cap just a bit lower than veterans such as General Motors ($84.82 Target Valuation.

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At CES, legacy automakers scramble to keep up in AI arms race – ET Auto

Baua Electric

Not so long ago, automakers boasted about horsepower and towing capabilities in their cars and pickups, but in the fast-changing world of technology that now dominates the auto industry, software-driven enhancements are prominent in consumers’ minds. The transition to software-dominated cars is challenging. General Motors on Dec.

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USABC awards Cobasys $8.4M for the development of high-energy density Li-ion cells and packs for EVs

Green Car Congress

The objective of the alliance is to adapt lithium-ion battery technology to the requirements of automobiles, and thus explore the market for hybrid and electric vehicles. At its location in Germany, SB LiMotive has built up a global team for sales, marketing, and management of key accounts.

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