Remove Auto Industry Remove Future Remove Global Remove Oil Prices
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 during the global recession in 2008/2009. million units.

Gasoline 269
article thumbnail

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

Green Car Congress

Under the new forecast, EVs will displace 8 million barrels of transport fuel per day and add 5% to global electricity consumption (1,800 TWh by 2040 up from 6TWh in 2016). We see a momentous inflection point for the global auto industry in the second half of the 2020s.

PHEV 170
article thumbnail

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

Green Car Congress

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. about 7% of global CO 2 emissions. Background.

2013 150
article thumbnail

Mixed Outlook for Mainstream Consumer Adoption of PHEVs

Green Car Congress

In a talk on gauging the competition between advanced vehicle powertrains, Steven Plotkin, staff scientist with Argonne National Laboratory’s Center for Transportation Research struck a slightly more pessimistic note in describing results of Argonne’s Multi-Pathways Transportation Futures Study. Steve Plotkin. Hybrid sales 43%. 20 concerns.

PHEV 150
article thumbnail

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

Green Car Congress

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.

Plug-in 218
article thumbnail

Demand for oil ‘passed its peak’

Green Cars News

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. Now we are seeing the tempering of the last significant driver of oil demand in developed countries—petroleum for transportation.”.

Oil 36
article thumbnail

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Early Days in the Obama Administration An Address I'd Like to Hear Global Warming Solutions Included in Transportatio. Thinking Globally, Acting Locally San Francisco City Carbon Collobarative 18th and 1. In the future, utilities will pay you to plug-in your vehicle. Tree Planting as Carbon Offsets – Does Latitude Ma.

Grid 28