Remove Auto Industry Remove Automobile Remove For Sale
article thumbnail

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.

Scrappage 210
article thumbnail

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.

article thumbnail

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.

Li-ion 186
article thumbnail

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.

Plug-in 244
article thumbnail

News: 2023 Fisker Ocean Introduced

Clean Fleet Report

The pandemic created an opportunity for automobile manufacturers to get serious about designing and producing all-new, all-electric vehicles. Expect in the next few years to see at least 50 new models being released for sale. This is a monumental moment for the auto industry, with the consumer and the environment being the winners.

Fisker 74
article thumbnail

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

Green Car Congress

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 GM has offered Saab for sale, and is requesting Swedish government support prior to any sale.

Chrysler 150
article thumbnail

What Part Do EVs Play in the Federal Net-Zero Emissions Target?

Clean Fleet Report

Are electric vehicles (EVs) the answer to the automobile industry’s role? EVs are becoming more commonplace–setting a record for sales in 2023 What Is the Federal Net-Zero Emissions Target? How Do Automobiles Contribute to GHG Emissions? A January 2024 Cox Automotive report shows EV sales hit a record of 1.2