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Opinion: Stop Blaming OPEC For Low Prices

Green Car Congress

Instead it pursued a strategy of fighting for market share, contributing to an immediate rout in oil prices. OPEC is widely expected to continue its current strategy at its next meeting, and as such, no rebound in oil prices is expected, at least not because of the results of the group’s meeting in Vienna.

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Frost & Sullivan: market for lightweight materials in automobiles to reach $95.34B in 2017

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These laws have resulted in the lowering of vehicles’ weight through the replacement of heavy materials in certain systems with lighter alternatives, as the weight of the automobile has a direct bearing on its fuel efficiency.

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Nikkei: popularity of fuel-efficient vehicles lowering demand for gasoline in Japan

Green Car Congress

The Nikkei reports that the nationwide average price in Japan for regular gasoline was ¥139.8 Prices at the pump are falling in Japan not only due to lower crude oil prices, but also because the widespread popularity of fuel-efficient vehicles has lowered demand for gasoline.A per liter ($6.65

Japan 258
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Panasonic Group confirms it will supply Li-ion batteries for Toyota Prius Plug-in Hybrid

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Given the growing public concern for conserving the environment and escalating oil prices, the demand for rechargeable batteries for eco-friendly vehicles is expected to grow rapidly. This will be the first time for the Panasonic Group to supply its lithium-ion batteries for a mass production plug-in hybrid vehicle. Click to enlarge.

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Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

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Navigant expects that with a wider gap between natural and liquid fuel prices and more aggressive incentives, Western Europe and to a lesser degree Asia Pacific, will continue to see NGV growth, but at a lower rate than previous projections. In Europe, Volkswagen is challenging longtime LD NGV leader Fiat Chrysler Automobiles (FCA).

2015 150
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Volkswagen Group invested €11.5B (US$12.9B) in R&D in 2014; ongoing focus on electromobility and digitalization of vehicles

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It may come as a surprise for you, but I highly welcome the interest of Apple, Google and others in the automobile. Winterkorn introduced Future Tracks at the Geneva Show in 2014, saying that over the next few years, the automotive industry will face one of the greatest upheavals since the invention of the automobile. —Prof.

2014 150
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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.