article thumbnail

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

Green Car Congress

New financing has also been announced to eliminate high emissions vehicles in key regions which should give some support to boost to truck sales, all else being equal.

2020 191
article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

There were seven billion-dollar-plus financings of offshore wind projects, boosting the investment totals for the Netherlands, the UK and Germany. billion, the largest single renewable energy asset finance deal ever, outside large hydro—that of the 600MW Gemini project in Dutch waters. billion set in 2011.

2014 150
article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

In certain European countries, such as Italy or the UK , passenger vehicle sales even dropped as much as 95-97%. Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel.

Economy 52