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Benchmark: Russia’s invasion of Ukraine risks raising costs for Europe’s auto industry

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Prices for nickel, a key battery material, rose to their highest levels since 2011 this week following Russian president Vladimir Putin’s decision to send troops into Ukraine. Oil prices rose to a seven-year high above $100 a barrel, while palladium, used in catalytic converters, also hit a seven-month high.

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CAR: US light-duty vehicle sales to dip in 2019

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CAR said that a number of positive factors support a high level of US light vehicle sales, including: Projected moderate US economic output growth in 2019; Historically low US unemployment rates; Relatively low oil prices continue through 2020; Underlying nominal wage growth continues; High levels of consumer confidence were reached in Q4 2018; and.

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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 A faltering global auto market will have a big hit on sales of EVs. million units.

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

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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.

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

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Just under one-quarter of Americans (24%) say US oil and natural gas industry profits have had the greatest influence on rising gasoline prices while 22% believe it is the world crude oil prices and 21% believe it’s due to instability in oil producing areas. Auto industry.

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Alternative fuels to ‘power car industry growth’

Green Cars News

While the global economic climate may still be fairly dire, a new report suggests that for the UK auto industry growth will be driven by new technology and investment into alternative fuel powertrains over the coming few years. While rising oil prices might seem to pose a threat to auto makers, according to the latest [.].

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

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Finally, it is difficult to imagine the Venezuelan market tumbling any lower than it already has; however, as oil prices plummet, the government’s access to foreign currency will continue to be limited, thus impairing vehicle production. Europe; Russia influences. million units; a 27% decline over 2014 and nearly 40% (1.2

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