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

Get Electric Vehicle

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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Nissan reports significant net loss

Green Cars News

The struggles came despite the fact that Nissan sold eight all-new models globally: Teana, Infiniti FX, Maxima, Qashqai+2, NP200, KIX mini SUV, Cube and Z. . The global sales forecast for fiscal 2009 is 3.08 Despite the obvious frustrations, Nissan President and CEO Carlos Ghosn remained optimistic. million units.

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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. But in today’s environment, this practice has been overwhelmed by the sheer number of at-risk suppliers. Announcing new downtime on a week’s notice is turning the suppliers inside out.

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Major study concludes achieving EU 2050 transport decarbonization goals will require portfolio of advanced powertrains; fuel cells, battery-electric and plug-in hybrids

Green Car Congress

Over the next 40 years, the study found, no single powertrain satisfies all key criteria for economics, performance and the environment. A portfolio of powertrains can meet the needs of consumers and the environment. Tags: Electric (Battery) Europe Forecasts Fuel Cells Lifecycle analysis Plug-ins Policy. Resources.

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Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Cleantech Blog Cleantechblog.com, the premier cleantech site for commentary on news and technology relating to clean tech, greentech, energy, climate change and carbon, and the environment. Early Days in the Obama Administration An Address I'd Like to Hear Global Warming Solutions Included in Transportatio. Here we go again.or

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Amidst the COVID-19 pandemic, several conflicting reports about the future of EVs have emerged: some predict EVs to grow by 38% year-over-year, while others forecast a 43% drop. Silent engines, positive impact on the environment, and decreased fuel costs are all reasons for this transition to EVs.

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