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We all know how the auto industry has changed under Obama's administration, new regulations and policies intended yo increase fuel economy, improve safety and add jobs. Now that Donald Trump was elected as the new president the car industry is gonna face a wholesale makeover. Perhaps no industry could be affected in more ways by the new administration than the auto business. The changes under the Trump administration could include possible tariffs that will raise prices on imported vehicles and parts, fewer subsidies for electric cars and policies that discourage automakers from...
It seems like Chevrolet Bolt EV, Tesla Model 3 and electric vehicles in general face a radically new regulatory and political playing field as a professed climate change skeptic prepares to occupy the White House. Trump's administration has been short on policy specifics. But just two days after the election, automakers' chief lobbying group, the Alliance of Automobile Manufacturers, urged the Trump transition team to revise not only the fuel economy standards, but also the Obama administration's autonomous vehicle standards, on the grounds that they could cost its membe...
Major automakers are seizing on the infancy of President-elect Donald Trump’s administration to mount a push to ease regulatory headaches faced under President Obama. In a letter to Trump’s White House transition team today, the Alliance of Automobile Manufacturers proposed that the new administration pause a key step in the ongoing midterm evaluation of the Obama administration’s 2025 fuel economy and greenhouse rules until Trump’s administration can “lead efforts” with regulators and automakers on “a pathway forward” for the final four ye...
For the first time modern plug-in electric cars became available in U.S. in December 2010, the times when Nissan Leaf and Chevrolet Volt's first generation became available on the car market. After a short time president Barack Obama set the goal of putting 1 million plug-in cars on U.S. roads by 2015. This goal wasn't reached. In fact, U.S. electric-car sales have only just gotten halfway there. Combined U.S. sales of battery-electric cars and plug-in hybrids surpassed 500,000 units as of September, according to the U.S. Department of Energy. Specifically, sales since ...
This August U.S. gasoline consumption hit a new peak of 9.7 million barrels a day, a growth in demand that many oil bulls believe will be the driver for higher crude oil prices. Specialists are forecasting a increase of gasoline consumption by 1.9% to 9.33 million barrels a day in 2016, it means the record set in 2007 will be surpassed. Even though the gasoline growth is stronger than ever now, a downside in the industry is still predicted. Fuel efficient vehicles are likely to gain more popularity on greater environmental awareness. The world started to realize the need for cleaner...
