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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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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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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

Personal mobility redefined. 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 Aluminum takes more energy to produce but this is more than offset by improved vehicle performance. kg) of aluminum used.

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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. Honda, the world’s largest engine maker, set a goal ofleading the industry in hydrogen fuel cell autos. 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.

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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. In a similar vein, batteries will be a competitive advantage for the auto-makers of the future.

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

Green Car Congress

Some other things people have cut back on include personal grooming such as hair cuts or manicures (6%), auto repairs and upkeep (5%) and movies (5%) while 5% say they have cut back on everything to pay for the increased price of gasoline. Auto industry.

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Nissan’s Big Gamble

Revenge of the Electric Car

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. Batteries are expensive.

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