article thumbnail

Current issue of fka/Roland Berger E-mobility Index drops US to 4th place

Green Car Congress

Besides an updated comparison of the competitive positions, a focus of this issue is on the market effects of the COVID-19 pandemic and the developments in emissions legislation, especially in Europe. Increased sales volumes in Europe are to a large extent due to the purchase incentives contained in stimulus packages.

article thumbnail

IHS Markit forecasts 18% drop in global vehicle sales YoY to 73.3M units under extended lockdown scenario

Green Car Congress

17% Europe vehicle sales decline YoY to 17.1 A 15% probability of an extended lockdown with ineffective stimulus scenario contains stringent virus-fighting efforts lasting into the third quarter of 2020. Stimulus measures prove ineffective at backstopping crisis and unemployment rates spiral. million units. million units. -17%

Stimulus 221
article thumbnail

BMW, Bosch, Volkswagen founding members of Quantum Technology and Application Consortium (QUTAC)

Green Car Congress

This is intended to create the basis for a successful industrialisation of quantum computing in Germany and Europe. In the Stimulus and Future Package, the German Government has given a big boost to the development of Quantum Computers. —Peter Altmaier, Federal Minister for Economic Affairs and Energy.

BMW 221
article thumbnail

thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

Green Car Congress

Vast imports of hydrogen will be necessary if Europe and Germany want to reduce CO 2 emissions and become climate-neutral by 2050, while maintaining its strong industrial backbone. thyssenkrupp Steel Europe is one of the world’s leading suppliers of carbon steel flat products.

Hydrogen 305
article thumbnail

Valence Considering Building Battery Plant in US or Europe

Green Car Congress

is considering building a battery plant in the US or Europe and will look into the possibility of funding from the economic stimulus package proposed by President Barack Obama. Valence is also very focused on the developing hybrid and electric vehicle market in Europe. Statesman.com. Earlier post.]. Earlier post.)

article thumbnail

Study finds global oil demand likely to grow despite pandemic, climate policies

Green Car Congress

Despite relatively aggressive government policies aimed at reducing oil demand, such as within green stimulus packages enacted in several countries during the pandemic, global oil demand may not peak before 2030. There are significant differences in trends between mature and developing countries.

Oil 259
article thumbnail

European automotive sector calls for vehicle renewal incentives to kickstart economic recovery after COVID-19; 25-point action plan

Green Car Congress

This is intended to boost private and business demand, support economic recovery across the board as well as accelerate the rejuvenation of the vehicle fleet on Europe’s roads. Purchase and investment incentives should be based on similar criteria across Europe, drawing on both national and EU funding.

Renewable 207