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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.

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Report: EVs are slowing the pace of growth in gasoline demand

Baua Electric

and China could contribute to a halving in gasoline demand in 2024, says the consultancy Wood Mackenzie. BYD Seal EVs have only ticked up about 2% in overall registrations, Wood Mackenzie analysts note, but the cumulative number of EVs on the road is now thought to be enough to impact gasoline demand. Growing EV sales in both the U.S.

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Hyundai skips Kona Hybrid in US, adds lower-priced Kona EV instead

Green Car Reports

Hyundai this week, at the New York auto show, revealed U.S.-spec spec details for the redesigned 2024 Kona Electric, along with the Kona Limited and Kona N Line gasoline models.

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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run. per year to run—a difference of $633.94

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Hertz is selling EVs, including Teslas, to buy gasoline models

Baua Electric

rental fleet to buy gasoline cars. A 2023 auto damage study from Mitchell International, a company that provides tech for the auto insurance and collision repair industries, found that collision repair is much more expensive for EVs. 2023 and are expected to continue throughout 2024.

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Driving Towards a Sustainable Future: The Rise of Electric Autos in India

Baua Electric

With the global push towards sustainability, the rise of electric autos in India comes as no surprise. The Indian government has introduced various incentives and initiatives, such as subsidies and tax benefits, to promote the adoption of electric autos.

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China auto sales sluggish on consumer sentiment, improvement expected in Q2, says Deutsche Bank

CN EV Post

Price wars have now become the consensus among investors, setting a relatively low bar for EV makers to beat. The underlying cause of sluggish auto sales in China can be mostly attributed to consumer sentiment. In addition, as automakers cut prices, consumers felt more compelled to wait for better deals, the team said.

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