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

Green Car Congress

A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1 The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1 million units.

Gasoline 269
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Experts discuss the remaining hurdle to EV sales

Teslarati

Experts in the auto industry believe affordability is the remaining hurdle preventing electric vehicle (EV) sales from rising. The biggest issue in our industry is affordability,” Katarski said during the Automotive News Congress in Pontiac, Michigan. Electric vehicle prices averaged around $58,000 in Q1 2024.

Sale 127
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Biden administration announces $1B fund to support EV automakers

Teslarati

The Biden Administration announced a joint initiative with Monroe Capital LLC to launch a $1 billion fund to help small to medium-sized auto suppliers shift from gasoline-powered to electric vehicles. It is expected to help over 250,000 people across the United States who work for small to medium-sized auto suppliers.

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CEO’s Take On 2024: Demand for feature-rich, safe, connected and electric vehicles to drive auto parts industry, says Bosch India chief – ET Auto

Baua Electric

Guruprasad Mudlapur, President- India, Bosch Group, and Managing Director, Bosch Limited Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry’s performance, what is your outlook for 2024? The automotive industry is in transition.

India 52
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Driving Towards a Sustainable Future: The Rise of Electric Autos in India

Baua Electric

With the global push towards sustainability, the rise of electric autos in India comes as no surprise. The Indian government has introduced various incentives and initiatives, such as subsidies and tax benefits, to promote the adoption of electric autos.

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UK auto industry warns anti-diesel agenda and slow uptake of EVs could mean missing 2021 CO2 targets; rising CO2 average in 2017

Green Car Congress

The UK automotive industry warned that the current anti-diesel agenda combined with the ongoing slow take-up of electric vehicles could mean industry misses its next round of CO 2 targets in 2021, with negative consequences for the UK’s own climate change goals. However, this increase was not enough to offset a -17.1%

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Renewable-methanol fueled Geely cars in fleet testing in Iceland; 70% reduction in WTW CO2 compared to gasoline

Green Car Congress

Among drivers testing the vehicles were CRI staff and members of the Icelandic Automobile Association as well as several local service providers in the auto industry. The participants reported virtually no difference in driving experience compared to regular gasoline- or diesel-fueled cars. It features a 1.8-liter,

Iceland 170