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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 IHS Markit downgraded its expectations for Mainland China by 2.3 million units.

Gasoline 269
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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. We see a momentous inflection point for the global auto industry in the second half of the 2020s.

PHEV 170
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Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

2) Chevy Volt (2) China (2) ECOD3.SA 2) Chevy Volt (2) China (2) ECOD3.SA 2) Chevy Volt (2) China (2) ECOD3.SA 1) Nurture My Body (1) OESX (1) OIL ETN (1) OTCBB:PPRW (1) Oasys (1) Ocean Dead Zones (1) PLX Devices (1) PNE3.DE 2) Inconvenient Truth (2) JCI (2) MGA (2) NSANY (2) PGE (2) SB1.DE SZ (1) 6753.T SZ (1) 6753.T

Grid 28
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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

Within a few years, BYD’s batteries were cheaper and just as reliable as those made by industry giants ony and Sanyo. Today, BYD employes 130,000 people in 11 factories, either in China and one each in India, Hungary and Rumania. BYD is an amazing company.

Chinese 28
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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Furthermore, a BCG report from earlier this year even predicted EV sales to overtake internal combustion engine (ICE) car sales by 2030. Outside of Europe, the US and China have experienced a sharp decrease in overall car sales as well. This growth is no small feat considering overall car sales have been falling in the past two years.

Economy 52