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California environmental regulators, taking a defiant stand against President Donald Trump on climate change, reaffirmed their commitment Thursday to tough standards to reduce greenhouse gas emissions from cars. The California Air Resources Board voted unanimously to move ahead with progressively stricter tailpipe emissions regulations, along with a separate mandate that requires automakers to sell more zero-emissions vehicles. The vote on greenhouse gas restrictions suggests a potentially bruising legal battle with the White House could be coming. Trump last week ordered the U.S. E...
Electric car sales in the U.S. continued their strong showing in February, and that exactly means that despite rumors we’re having another monthly record. The 12,049 plug-ins sold last month translate to roughly a growth rate of 55 percent and plug-ins now stand at a 0.90 percent market share. The big challenge, though, will be March, since that month in 2016 saw nearly 14,000 sales. The best-selling model so far this year has been the Chevrolet Volt, but a maturing market with a growing number of competitors means the differences between the leaders is pretty small. GM ...
Predictions for the 2017 global light vehicle sales say that they might reach 93.5 million units, that’s a growth rate of 1.5% over 2016. But even so, industry risk in mature markets is at the highest level it has been since the Lehman Brothers collapse and global industry downturn from 2008 through 2010, and will be a key factor for the near future. Engine propulsion options are expected to have an influence as well. Political uncertainty could cause a significant rift in light vehicle sales both in the U.S. and Europe, as both regions are undergoing fluctuations in policy, l...
We’ve had a lot of signs that the electric car market has been rising for a lot of time, and its shares have risen through 2016 even more, but now we know that they shot up by 37%. We’ve got approximately over 30 battery-powered and plug-in hybrids offerings on the market, that’s like 159,139 vehicles for the US. It’s the 70 percent year-over-year increase in monthly sales, which helped build the momentum to stronger overall sales. Of course, the sales jump by 37% comes following a five percent decline in sales from 2014 to 2015. The slight increase has spurr...
Gasoline and oil prices just like always determined the future and the present of electric and plug-in car sales. Back in 2014 when oil prices fell down, hybrid vehicles took a hit along with their risidual values in several global markets. Plug-in electrified vehicles – battery electric and plug-in hybrid – saw similar trends emerging at first. However, PEVs have seen unit sales rise significantly in the U.S., Europe, and China during the past two years – as gasoline prices have stayed down. It appears that other market dynamics are influencing PEV sales now more ...
