article thumbnail

IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1 The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1 million units.

Gasoline 269
article thumbnail

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

Green Car Congress

In the United States, IHS Automotive analysts continue to believe the upside risks for auto demand are more apparent than the downside risks. With a strong exit to 2014, and gasoline prices currently plunging, consumers may feel even more positive throughout 2015. million units. Europe; Russia influences.

2015 150
article thumbnail

NYT Editorial

Plug In Partners

Editorial Trying to Find the Road Ahead Published: January 24, 2006 W ith its bonds downgraded to junk and its market share on the ropes, Detroit's auto industry almost looks to be in a free fall. At Detroit's auto show, it unveiled a Chinese car that Geely plans to upgrade and sell in the United States in 2008.

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

The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. However, Winterkorn said, VW, and the German auto industry in general, abandoned the early advantage and work in electromobility. And the auto industry doesn’t hold back on announcements. Martin Winterkorn.

2013 150
article thumbnail

Mixed Outlook for Mainstream Consumer Adoption of PHEVs

Green Car Congress

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. Research shows that people value loss of dollars a lot higher than value gained, about 1.5 times as much.

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

Harris Poll finds 51% of Americans have cut back on products and services because of high gas prices

Green Car Congress

Half of Americans who own a vehicle (51%) say they have cut back on products and/or services in order to pay the increased price of gasoline, according to a new Harris Poll of 2,184 adults surveyed online between May 9 and 16, 2011 by Harris Interactive. Auto industry. Those with lower household income are more impacted.

Price 199