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IHS Markit: average age of cars and light trucks in US rises to 12.1 years

Green Car Congress

New research from IHS Markit shows that the average age of light vehicles in operation (VIO) in the US has risen to 12.1 The increase in average age will further drive vehicle maintenance opportunities from an increasingly aged vehicle fleet. of VIO for the whole year. of VIO for the whole year.

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IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining

Green Car Congress

The combined average age of all light vehicles on the road in the U.S. years, based on a snapshot of vehicles in operation taken 1 Jan of this year, according to IHS Automotive. Total light vehicles in Operation (VIO) in the US reached a record level of more than 252,700,000—an increase of more than 3.7 million (1.5

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Nikola Tre FCEV receives CARB ZEP Executive Order for HVIP eligibility; $240,000 base incentive per truck

Green Car Congress

Nikola Corporation has received a California Air Resources Board (CARB) Zero Emission Powertrain (ZEP) Executive Order that is a requirement for Nikola’s Tre hydrogen fuel cell electric vehicle (FCEV) to be eligible for CARB’s Hybrid and Zero Emission Truck and Bus Voucher Incentive Project (HVIP) program.

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Nikola marks 100-salesorder milestone for Nikola Tre Hydrogen FCEV Class 8 truck; bolstered by HVIP

Green Car Congress

Nikola announced that Nikola and its dealer network have received orders for 100 Class 8 Nikola Tre hydrogen fuel cell electric vehicles (FCEVs). The HVIP program enables customers of Nikola’s Tre FCEV to access a point-of-sale incentive starting at $240,000 and ranging up to $288,000 per truck, in 2023.

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IHS cuts 2015 light vehicle sales forecast in China to 23.4 million; deeper cut for 2016

Green Car Congress

IHS revised downward its forecast for light vehicle sales in China, projecting a decline of 3 to 4 percent from previous estimates for 2015. IHS Automotive has reduced its full year 2015 light vehicle sales forecast for China to 23.4 Source: IHS Automotive, September 2015 Light Vehicle Sales Forecast.

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Nikola Tre FCEV receives CARB HVIP incentive eligibility; $240,000 to $288,000 per truck

Green Car Congress

Nikola Corporation has received approval from the California Air Resources Board (CARB) for Nikola’s Tre hydrogen fuel cell electric vehicle (FCEV) to be eligible for CARB’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) program.

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IHS: average age of light vehicles in US rises slightly in 2015 to 11.5 years; length of new vehicle ownership hits record high

Green Car Congress

The combined average age of all light vehicles on the road in the US has climbed slightly to 11.5 years, based on a snapshot of vehicles in operation (VIO) taken 1 January 2015, according to IHS Automotive. Scrappage is defined by a vehicle being taken out of the fleet and no longer in use. years in 2016 but not reach 11.7

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