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Can India Overtake China In The EV Revolution?

October 17, 2017 Jon LeSage 0

India faces a wide chasm between Prime Minister Narendra Modi’s campaign to make sure all new vehicles sold in India are electric by 2030 and actual sales numbers. While India has followed China’s lead to reduce air pollution and oil import dependency in its booming cities, it’s still far away from sales figures that carry any weight. According to International Energy Agency, China registered 336,000 plug-in vehicles last year while India only saw 450 of these new vehicles hit its roads. One major Indian automaker, Mahindra &…

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Who’s Winning The Electric Vehicle Race?

October 12, 2017 Jon LeSage 0

Automakers and suppliers of automotive technology are making big moves toward transforming the very nature of vehicles and the amount of fuel they consume. Electric vehicles and self-driving cars are gaining strong support from investors, venture partners, government officials, shareholders, and customers.  But how close are we to seeing these electrified, autonomous, advanced vehicles on our roads? Carmakers have embraced ambitious electric vehicle targets, and autonomous vehicles are expected to take a step forward next year in an instrumental…

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This Key Data Points At Strong U.S. Oil Demand

October 10, 2017 Jon LeSage 0

Gasoline prices haven’t gone up high enough in the U.S. to have any real impact on car buyers choosing more fuel-efficient vehicles. A university study reports that fuel economy in new vehicle purchases is staying flat this year. Average fuel economy (window-sticker value) of new vehicles sold in the U.S. was 25.3 mpg in September, according to University of Michigan’s Transportation Research Institute. It was unchanged from August and below the 25.5 mpg peak reached in August 2014. Average fuel economy for September has gone up 5.2…

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China’s Petrol-Powered Car Ban Could Cripple The Oil Market

September 12, 2017 Jon LeSage 0

China is joining the UK, France, and Norway in banning vehicles powered by fossil fuels. If China, the world’s largest new vehicle market with sales of 28.03 million units last year, were to ban gasoline and diesel vehicles in the market, the impact on petroleum would be huge. But how pervasive is the fossil-fuel ban in global markets key to new vehicle sales and petroleum consumption? During an automotive forum over the weekend in Tianjin, Xin Guobin, the vice minister of industry and information technology, said the government is working…

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