article thumbnail

SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK Innovation Co Ltd said on Monday its SK On battery-making unit is on target to breakeven in the second half of this year after it posted a forecast-beating operating profit in the first quarter, sending its shares up over 6.0%. That compared with an average analyst forecast of 466 billion won. rise as of 0336 GMT.

Auto 52
article thumbnail

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

Green Car Congress

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. from last year.

2015 150
article thumbnail

STMicro cuts FY revenue outlook as softer car demand weighs – ET Auto

Baua Electric

Weakness in auto and industrial demand have been weighing on the sector, while investors remain cautious amid high interest rates, with escalating tensions in the Middle East increasing fears. They were up 0.8% at 0810 GMT. billion to USD 16.9 Analysts polled by LSEG were expecting revenue of USD 16.1 billion for the year.

Auto 52
article thumbnail

Zero EVs May Qualify For the Federal Tax Credit Under the Inflation Reduction Act Requirements

EV Adoption

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. That is a very good thing, but tying this requirement to a consumer-facing tax credit that results in few or zero EVs qualifying, is probably not the best approach.

article thumbnail

Forecast: US biodiesel production to surpass RFS target for second straight year

Green Car Congress

This growth is driven in large part by a $1-per-gallon production tax credit extended through the end of 2013 by the US Congress. The RFS aims to reduce oil imports and cut back auto emissions with cleaner-burning fuels such as cellulosic ethanol, biomass-based diesel, and sugar-cane-based ethanol. billion gallons of renewable fuel.

article thumbnail

J.D. Power forecasts hybrid- and battery-electric vehicles will represent 7.3% of global auto sales in 2020

Green Car Congress

Power forecast of hybrid-, plug-in hybrid- and battery-electric vehicle global sales through 2020. million passenger vehicles forecasted to be sold worldwide by that year. million passenger vehicles forecasted to be sold worldwide by that year. million HEVs, PHEVs and BEVs forecasted to be sold worldwide in 2020, some 3.9

2020 250
article thumbnail

U.S. EV adoption is happening faster than anticipated

Teslarati

happening much faster than anticipated, according to an observation of research by Recurrent Auto which is focused on providing transparency and confidence in pre-owned EV transactions. Recurrent Auto: EV adoption is happening faster than expected. ” Credit: Recurrent Auto. EV adoption in the U.S. ” 3 Major Factors.