article thumbnail

University of Michigan Report Finds Focus on Fuel Economy Would Be Very Profitable for Detroit 3; Says Rapid, Wide-Reaching Change in Business Models Required for Turnaround

Green Car Congress

A new report released by the University of Michigan Transportation Research Institute ( UMTRI ) analyzes critical choices faced by automakers and finds that broad, deep, fast change is necessary for success in the context of the worst financial crisis in the history of the domestic automobile industry. mpg) and 50% (40.4

article thumbnail

Deloitte global survey gauges consumer prospects for EVs in China, Europe and Americas; China leads

Green Car Congress

Broadly, the survey found that the majority of consumers’ in the world’s four largest automotive markets either identify themselves as potential first movers, or at least willing to consider purchasing an electric vehicle (China 93%, Europe 69%, US 54%, and Japan 48%). At 12 RMB a liter ($1.83/liter, However, if fuel consumption reaches 3.0

China 247
article thumbnail

How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

"However," he continued, "If carmakers decide not to take advantage of this offer, AFS Trinity intends to raise the funds to begin modifying existing hybrids or manufacture its own 150 mpg SUVs and, eventually, 250 mpg sedans. On the other side are two allied car makers, Frances Renault SA and Japans Nissan Motor Co.,

Plug-in 45