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

Baua Electric

State-owned oil marketing companies will cut the prices of petrol and diesel across the country by Rs 2 from March 15, 6 am, as per social media posts by the Ministry of Petroleum and Natural Gas and Minister Hardeep Singh Puri on X today. So, the prices of petrol and diesel are linked to international benchmarks.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. Click to enlarge. In DB’s Fall 2009 note, they had forecast 12% growth.

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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. Improving credit conditions throughout the region and sustained, but tenuous, economic growth among the countries in the region have helped to motivate total auto sales levels. from last year.

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

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Auto giants were reluctant to shift their focus from gasoline cars to electric cars. The incentives and tax reduction for EVs and the penalties and increase in tax for the gasoline-powered vehicles will certainly a tiebreaker. Currently, the auto giants are following the path defined by Tesla. Rays of Hope.

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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.

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

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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. Earlier post.). —One Million Electric Vehicles by 2015. One Million Electric Vehicles by 2015.

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Mixed Outlook for Mainstream Consumer Adoption of PHEVs

Green Car Congress

Given high initial costs, volatile oil prices, improving competition, an industry in poor financial shape and consumers who aren’t perfectly rational.who actually are quite risk averse.advanced technology may be a hard sell. the first time in your entire lives you’ve ever heard the EPA and the OEMs agree on something: tax the fuel.

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