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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 Europe autos demand for 2020 is set at 15.6 IHS Markit forecasts 2020 US auto sales to be 14.4

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Petrol and diesel price cut by Rs 2 per litre       | Autocar Professional

Baua Electric

Recently, Indraprastha Gas Ltd and Mahanagar Gas reduced the prices of compressed natural gas by Rs 2.5. India is the world’s third-largest consumer of crude oil, and imports more than 85% of its crude oil requirements. So, the prices of petrol and diesel are linked to international benchmarks.

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

Green Car Congress

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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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

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Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

Get Electric Vehicle

Auto giants were reluctant to shift their focus from gasoline cars to electric cars. The price parity of electric cars and internal combustion engines is seen as a significant achievement in the world’s transformation away from fossil fuels. Currently, the auto giants are following the path defined by Tesla.

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Perspective: Toyota Prius Recall Is Only a Bump in the Road in the Move Toward Electrification

Green Car Congress

That is why many OEMs are beginning to rebuild their internal electronics and system engineering capabilities after many years of outsourcing. Oil price and supply dependencies will continue the search for alternative fuel sources, and battery powered vehicles can have a significant impact on that equation.

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CAR releases study on use of bio-based materials in automotive sector; potential for the Great Lakes Region

Green Car Congress

Encouraging bio-manufacturing and its associated value chain development, and building upon its current expertise in producing conventional parts for automakers, may position the Great Lakes region at a global competitive advantage as oil prices climb, and the demand for more bio-based parts increases. Bio-based materials background.

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