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

Green Car Congress

It might be that we see quite a dramatic reduction in replacing the capacity and of course that will have an impact, eventually, on price.”. Oil companies are making painful cuts to spending, which will translate into much lower production than expected in the years ahead. The price acts as a self-correcting mechanism.

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Cheap Oil Will Last A Decade, Says Huge Oil Trader

Green Car Reports

The low oil prices that boosted new-car sales and caused average fuel-economy gains to sputter last year may be here to stay, for a while at least. With fuel prices low throughout 2015, Americans bought more new cars, but many of them were less-efficient SUVs and crossovers.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. IHS Automotive experts also expect SUVs to remain the fastest-growing segment in China in 2015.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

The forecast, put together by the advanced transport team at BNEF, relies on likely future reductions in price for lithium-ion batteries and of prospects for the other cost components in EVs and internal combustion engine vehicles. Since 2010, lithium-ion battery prices have fallen 73% per kWh.

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Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

Get Electric Vehicle

One of the main reasons which limit the mass adaption of electric cars or EVs is its price difference in comparison with its IC engine counterpart. The price parity of electric cars and internal combustion engines is seen as a significant achievement in the world’s transformation away from fossil fuels. Tesla Electric Car.

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Nissan Introduces 7th Generation Patrol with New 5.6L V8

Green Car Congress

Nissan has introduced its seventh-generation Patrol—its global flagship large SUV model—incorporating a new platform, a new high-end V8 engine, a 7-speed automatic transmission and a new 4WD system. The first is the CO 2 problem is here to stay,” and the second is that oil prices are likely to increase. “I

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

How did the high fuel prices impact customer behavior in 2008? A $1 change in gas prices can lead to a 4-6% shift in take rates (i.e. Alexander Edwards, President, Automotive Strategic Vision believes the exodus from full size SUVs was caused by economic caution as much as higher gas prices. Cash for Clunkers.

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