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J.D. Power sees hybrid and EV share below 10% of US market through 2016 despite rising fuel prices

Green Car Congress

The study gauges consumer consideration rates of these powertrain types for their next new vehicle purchase and explores specific perceived benefits and concerns that factor into the decision-making process. By the end of 2016, J.D. Power also sees hybrid and electric vehicle share of the US market to remain below 10% through 2016.

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Rise of Indian used car market; set to exceed 10 mn units by FY28 – ET Auto

Baua Electric

The used car industry is generally three to five years behind the trends in the new car market. While the purchasing power may be different, customer aspirations are the same. Currently, the market stands at 5.1 About 7 years ago, the organized sector comprised 10%-12% of the overall used car market. million units.

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Edmunds.com: number of leased vehicles reaches all-time high in first half of 2016

Green Car Congress

More new vehicles in the US were leased in the first half of 2016 than during the first half of any other year in history, according to the latest Lease Market Report from Edmunds.com, the leading car shopping and information network.

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MIT analysis finds current EVs could replace ~90% of personal vehicles now on the road based on driver’s energy consumption

Green Car Congress

A study by a team at MIT has concluded that roughly 90% of the personal vehicles on the road in the US could be replaced by an electric vehicle available on the market today, even if the cars can only charge overnight. Together, the two datasets encompass millions of trips made by drivers all around the country. Chang & Jessika E.

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IHS Markit: vehicle miles traveled to increase 65% in key markets by 2040, while vehicle sales slow

Green Car Congress

In a new study, IHS Markit forecasts that vehicle miles traveled (VMT) will by 2040 grow to an all-time high of around 11 billion miles per year (a 65% increase since 2017) in China, Europe, India and the United States—the key markets examined for the study—and will keep growing. IHS Markit, “Reinventing the Wheel.”

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Female drivers in the United States: From a minority to a majority?

Green Car Congress

This is the case because women are more likely to purchase smaller, safer, and more-fuel efficient vehicles; women drive less; and women tend to have a lower fatality rate per distance driven. In 2016, women constituted 50.6% Women with a driver’s license as a percentage of all persons with a driver’s license. of all US drivers.

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Daimler Financial Services makes strategic investment in Soul Machines; artificial and emotional intelligence

Green Car Congress

Digital avatar Sarah will be able to support customers like a personal concierge. This brings Daimler Financial Services at the forefront of a changing environment, as the share of online business is increasing significantly and customers are making their purchasing decisions on digital platforms.