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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

We attribute this to a number of factors, including the economy and the increasing quality of today’s automobiles. This while VIO is up 1.5%, a rate the auto industry hasn’t seen in the US since 2004-2005. —Mark Seng, director, aftermarket solutions and global aftermarket practice leader at IHS Automotive. years by 2019.

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USABC awards Cobasys $8.4M for the development of high-energy density Li-ion cells and packs for EVs

Green Car Congress

The objective of the alliance is to adapt lithium-ion battery technology to the requirements of automobiles, and thus explore the market for hybrid and electric vehicles. At its location in Germany, SB LiMotive has built up a global team for sales, marketing, and management of key accounts.

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8-state alliance releases action plan to put 3.3M ZEVs on their roads by 2025

Green Car Congress

Since the MOU signing, state regulators, the auto industry and infrastructure developers and other stakeholders have shared information and best practices to help move this effort forward. The ultimate goal is to reduce greenhouse gas and smog-causing emissions by transforming the transportation sector over the next 11 years.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6

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DOE Closes $465M Loan to Tesla Motors

Green Car Congress

The Palo Alto facility will assemble electric vehicle battery packs, electric motors, and related electric vehicle control equipment, both for Tesla’s own electric vehicles and for sale to other automobile manufacturers. The agreement was negotiated and signed by the Department’s Loan Programs Office. Energy Secretary Steven Chu.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

We believe such production models could be available for sale in three years."Furia The XHT is a new generation of plug-in hybrid drive train ready to multiply the gas mileage of any SUV or any standard sedan." ( Company PressRelease ) BYD Auto top 2/3/08 BYD Auto Co., The electrification of the automobile is inevitable."

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