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

Green Car Congress

million units. -14% million units. Half of the United States is now seeing a MoM new vehicle registration decline of 25% or greater from February into March. As April unfolds, there will likely be a further decline as more states move to tighter consumer and business restrictions, IHS Markit suggested.

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Zero-Emission Truck (ZET) Coalition calls for government to prioritize investments benefiting ZETs

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The National Zero-Emission Truck (ZET) Coalition, including some four dozen organizations representing the US’ major heavy truck makers, innovators, suppliers and key stakeholders, sent a letter to Congressional leadership calling on any stimulus or recovery legislative package to prioritize investments that benefit U.S.

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

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In this context, the purchasing incentives of individual states are highlighted as well as potential changes to the legal regulations that will make it more difficult for OEMs to comply with them in the future. Increased sales volumes in Europe are to a large extent due to the purchase incentives contained in stimulus packages.

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mPhase to Pursue Funding From Stimulus Plan’s $2B for Advanced Automotive Battery Technology

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says it will pursue funding opportunities arising from the $2 billion allocated for advanced battery technology in the new economic stimulus package. mPhase is developing its Smart NanoBattery as part of a Phase II STTR Grant that was awarded by the United States Army in 2008. mPhase Technologies , Inc.,

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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 gal last summer.

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Government of Canada Awarding $18.79M to Biodiesel Producer

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The company intends to sell the product to diesel producers in Quebec, the Atlantic provinces and possibly the United States, which will include a percentage of biodiesel in their diesel. The project consists of converting vegetable or cooking oil or animal fat into biodiesel. The award is part of the $1.5

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How and When the Chip Shortage Will End, in 4 Charts

Cars That Think

Meanwhile, the mid-2022 passage of the CHIPS Act in the United States yielded a multi-billion-dollar investment pool, some of which dedicated to ramping up American manufacturing of the mature-generation chips upon which many industries—auto and otherwise—are so dependent. considered getting into the chip-stimulus game as well.