article thumbnail

Report: Dealers Worried About Getting EV Refunds From the Government

The Truth About Cars

According to a report from Automotive News , dealers are getting worked up about the prospect of not receiving money swiftly enough — mimicking some of the hardships endured during the Cash-for-Clunkers period. Car dealers are asset rich and cash poor. We don't want to see a repeat of Cash for Clunkers."

article thumbnail

IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

Green Car Congress

IHS Markit continues to anticipate robust growth in 2021 reflecting improved demand and production conditions and especially a further uptake in electric vehicles, one factor which has helped to boost the semiconductor market in 2020. IHS Markit now expects semiconductor revenue to contract in 2020 by -9.6%

2020 170
article thumbnail

The Ins and Outs of Scrap Car Recycling

Clean Fleet Report

The Environmental Footprint of Scrap Car Recycling Perils of Abandoned Vehicles Abandoned and forsaken vehicles stand as silent environmental culprits, occupying spaces and leaking hazardous substances like oil, antifreeze and battery acids into the surroundings.

Cars 84
article thumbnail

EPA trends report sees record levels of average new vehicle fuel economy and CO2 emissions for MY 2012; role of new gasoline vehicle technologies

Green Car Congress

Light trucks (pickups, minivans/vans, and truck SUVs), accounted for 36% of all light-duty vehicle production in MY 2012, the second lowest level since 1993. 28% of projected MY 2013 vehicle production already meets the MY 2016 CO 2 emissions targets, or can meet these targets with the addition of expected air conditioning improvements.

article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

As a result of the lockdown, automobile production ground to a halt in several leading car manufacturing countries. Finally, EV prices have been steadily decreasing over the past few years, but they may not be falling as quickly as once predicted, as the decline in EV battery costs is set to slow its pace.

Economy 52
article thumbnail

Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

As batteries get cheaper and smaller, and motors get light enough to fit inside wheels, we’ll be able to upgrade smaller cars. Our effort will inspire other startups to accelerate development of liquid fuels from algae and agricultural waste products. The US can lead in a new, profitable, global business opportunity.

Oil 252
article thumbnail

Labour's £5,000 sweetener to launch electric car revolution | Environment | The Guardian

Tony Karrer Delicious EVdriven

The cash incentive for consumers would be available to offset the higher upfront costs of electric cars , in particular the price of the batteries in modern vehicles. The government also wants to find ways to support the ongoing costs of electric cars. "We Its that part that could incentivise consumers to buy an electric vehicle."