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

2020 240

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

Green Car Congress

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. Solid new housing starts and home prices rebounding to pre-recession levels.

2019 161
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The Real Reason for USA based Economic Recessions.

DIY Electric Car

The True Cause of Recessions: OIL. I was asked to speak about the economic impact of our oil dependency and so I began researching this topic to see if I could draw some insightful conclusions. There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008.

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

Green Car Congress

million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. Coupled with this, the momentum could lead to downward adjustment in premium pricing, which helps provide solid foundation for premium vehicle penetration to further increase in China in the next decade.

2015 199

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 [.].

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

Get Electric Vehicle

One of the main reasons which limit the mass adaption of electric cars or EVs is its price difference in comparison with its IC engine counterpart. Auto giants were reluctant to shift their focus from gasoline cars to electric cars.

Tax 52

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. auto market, are currently suing the federal government to be able to set their own emission standards.

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. Consumers will find that upfront selling prices for EVs are comparable or lower than those for average ICE vehicles in almost all big markets by 2029.

2017 163

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. Almost two-thirds (65%) of those with a household income of less than $35,000 a year have cut back on products or services because of higher gas prices compared to 38% of those who have household income of $100,000 or more.

2011 179

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. What's really sad is that Ford is in such bad shape that few people think the restructuring and job cuts are too aggressive, even though they were larger than many auto industry analysts had been expecting.

2006 100

Tesla Announces IPO

Revenge of the Electric Car

The price of shares or the timing of their availability is still unclear, but industry observers expect the much-anticipated offering to be well-received by investors.&#. The stock price and timing of the initial public offering are unknown. The price of shares or the timing of their availability is still unclear, but industry observers expect the much-anticipated offering to be well-received by investors.

2010 126

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

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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. The government assisted the shift by giving sugar companies subsidized loans to build ethanol plants, as well as guaranteeing prices for their ethanol products.

2009 258

Toyota Plug In

Plug In Partners

clip) "Without focusing on measures to address global warming and energy issues, there can be no future for our auto business, " Toyota President Katsuaki Watanabe told reporters at a Tokyo hall. Event Summary Oil prices are at record highs. The overwhelming dependence of our cars and trucks on oil strains family budgets, threatens our national security and contributes to global warming. That time may have arrived now that gasoline prices have hit $4 a gallon or more."

2008 100

Toyota digs for Lithium

Revenge of the Electric Car

percent, roughly in line with other auto shares. Concerns about carbon emissions and their impact on climate change plus high and volatile oil prices are increasing the popularity of hybrid and electric vehicles despite their higher costs. Toyota Tsusho Corp, a trading house and key Toyota supplier that Toyota owns 22 percent of, just announced that it would be jointly developing a new lithium project in Argentina with the Australian-listed Orocobre Ltd.

2010 116

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

Green Car Congress

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. This price reduction will create the economic incentive to appeal to a broader consumer base. Certainly, any automotive recall is unfortunate for any auto maker and certainly for the consumer.

2010 170

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

Auto manufacturers such as Chrysler, BYD, Coda, Honda, Mitsubishi, Hyundai, Toyota, Volkswagen and Volvo are not included in this table, but have announced or are expected to introduce EVs in this time period, DOE said. The cumulative impacts of the various policy initiatives, the experience of the early purchasers of electric-drive vehicles and future oil prices will all play a role in determining future consumer demand.

2011 185

Is Ford First?

Plug In Partners

Ford Chairman and CEO Bill Ford told shareholders at the automaker's annual meeting that the automotive market is shifting rapidly because of higher oil prices and the company is trying to respond. There's a growing national interest in this technology, especially among fleet buyers, to further reduce oil consumption and greenhouse gases. auto company has led the field in something this significant."

2006 100

NETL Report Concludes CTL Plus Carbon Capture Results in Fuel with 5-12% Less Lifecycle GHG Than Petroleum Diesel; Modest Biomass Additions Lower GHG Further

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Background colors of the cells represent the crude oil price required for economic feasibility. These synthetic fuels are economically competitive with petro-diesel when the crude oil price (COP) is at or above $86 per barrel (based on a 20% rate of return, in January 2008 dollars, with a carbon price of zero). The aggressive CCS configurations also utilize ATR (auto-thermal reformer) and WGS (water gas shift) reactors to attain increased levels of CO 2 capture.

2009 174

September '06 - Tesla Roadster Unveiled, Electric Cars NOT DEAD YET!

Plugs and Cars

By mid August, the film had grossed over $1 million in its theatrical release, thanks in no small part to the great promotional efforts by members of the Electric Auto Association. While priced dearly at $100,000 for the first 100 vehicles, the car’s specs are so impressive and the company so well capitalized that it received prominent coverage across the nation, including the front page of the San Francisco Chronicle. Oil prices peaked once again at over $75 a barrel.

2006 100

Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

How did the high fuel prices impact customer behavior in 2008? A $1 change in gas prices can lead to a 4-6% shift in take rates (i.e. Alexander Edwards, President, Automotive Strategic Vision believes the exodus from full size SUVs was caused by economic caution as much as higher gas prices. Skalny, Director, US Army TARDEC shared the following insights on fuel usage within the Department of Defense (DOD): Every $10/barrel increase in oil prices adds $1.3

2009 150

Nissan’s Big Gamble

Revenge of the Electric Car

The best thing about the Nissan is the expected price range of $25K- $34K. “A lot of Americans really want to stop using imported oil,&# he says. Pricing isn’t set. Oil vs. electrons. But Ghosn thinks rising oil prices will tilt the economics in favor of electrons. If crude oil rises above $80 a barrel, Nissan’s electric vehicles will be cheaper to own and operate than gasoline-powered cars, he says.

2009 116

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

Within a decade, he added, Volkswagen wants to offer significant numbers of pure electric cars at affordable prices and with the range expected by customers. With electromobility, the automobile industry faces a fundamental technological upheaval.Our path leads away from oil, to emission-free mobility, and the electric car plays a key role.CO The perspective of rising oil prices is a turboboost for a change in customer behavior, he said.

2009 150

Mixed Outlook for Mainstream Consumer Adoption of PHEVs

Green Car Congress

There are large number of significant unknowns in terms of evaluating the success of future drivetrains, he said, including the future price of gasoline (“ the most important thing ”); what people think the future price of gasoline will be; future attitudes about climate change and energy security and what the government is willing to do about them; future technology progress; and how consumers will respond to new technologies.

2009 150

Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

policy shifts to favor battery-powered autos. from its reliance on imported oil. Honda, the world’s largest engine maker, set a goal ofleading the industry in hydrogen fuel cell autos. customers $600 a month to lease.Honda hasn’t revealed its production price. are also developingfuel-cell cars, those companies, as well as Honda, don’t expecthydrogen to be competitive with gasoline autos until about 2020. Oil prices are going to go up.

2009 44

Andy Grove: The U.S. must create an electric car industry - Apr. 17, 2009

Tony Karrer Delicious EVdriven

News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Andy Grove on battery power To wean itself from imported oil, the U.S. But with oil prices toppling since, the push for new energy technologies is being shoved aside by the nations other economic woes. will be competing for the same finite supplies of oil and gas. auto manufacturers.

2009 35

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.

2011 191

Demand for oil ‘passed its peak’

Green Cars News

World oil demand is poised for recovery driven by emerging markets but demand from developed countries is unlikely return report finds. Demand for oil in developed countries—currently 54 percent of all oil demand—has passed its peak, the latest research suggests. Industry analysts reckon oil demand in developed countries likely reached its all-time peak in 2005. The fact is that OECD oil demand has been falling since late 2005, well before the Great Recession began.”.

2009 34

Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

BYD’s conventional gas-powered cars are selling well these days in China, and his electric plug-in electric model looks like it will come to market with a longer range and a lower sticker price than the new Toyota Prius much-hyped Chevy Volt. Sign Up Login All Posts | About & Contact Us | Get a TEC Badge | Getting Started with The Energy Collective Cutting-edge insight on energy and climate that you wont find anywhere but here.

BYD 28

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Recent announcements demonstrate that electric utilities and some auto makers want to make V2G a reality. Just as wireless service providers offer smartphones at discounted prices, Project Better Place will offer discounted electric vehicles with usage pricing plans. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. No more Big OIL - think of the extra money stimulating the economy!

2009 28