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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.

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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

In DB’s Fall 2009 note, they had forecast 12% growth. Developments that were negative for global gasoline demand included : Rapidly falling lithium-ion battery prices, and steepening expected cost reduction curves for both batteries and electric drive components. By mid-2Q, the team had increased its estimate to 25%.

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This is How the COVID-19 Pandemic Affect The Global EV Market

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The COVID-19 control measures and the economical crisis that followed took a massive toll on the global automotive and manufacturing industries. The main reasons for global automotive sales drop are, The purchasing power of consumers decreased. COVID-19 & Global Electric Vehicle Market. The short distance market.

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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. When oil prices go up, people buy fuel efficient cars.

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How and When the Chip Shortage Will End, in 4 Charts

Cars That Think

One looming artifact of the pandemic that remains in 2023—the global chip shortage —has gratefully begun to recede. considered getting into the chip-stimulus game as well. By the time car makers realized people still wanted to buy their goods they found themselves at the back of the line for the chips they needed.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

Since the onset of the global economic crisis most of us have been cutting back to save cash wherever we can. Out have gone the coffee before work each morning, the weekend nights out, and the rush to buy the hot new DVD releases; in has been a new, thrifty way of living. per cent compared to the same time last year and, at Y7.56

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. This will not alleviate the entire liquidity problem, but it will buy some time for the suppliers to formulate the consolidation plans. The Role of the OEMs.

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