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Category Archives: economy
Greenhouse Gas Standards for Heavy-Duty Vehicles Set
The U.S. Environmental Protection Agency today announced final national greenhouse gas pollution standards for heavy-duty vehicles for model years 2027 through 2032 – the “Greenhouse Gas* Emissions Standards for Heavy-Duty Vehicles – Phase 3.” Trucks and other heavy-duty vehicles are central to the economy by moving goods and freight as well as providing services for industry, transit, among other sectors. Heavy-duty vehicles account for 25% of all greenhouse gas emissions from the transportation sector, which is itself the single largest source of greenhouse gas emissions in the United States. Under these new standards, the heavy-duty industry is expected to realize annualized savings of $3.5 billion compared to annualized costs of about $1.1 billion from 2027 through 2055 Continue reading
Posted in auto news, economy, environment, fuel economy or emissions, global warming, milestones, news analysis, public health, transportation
Tagged air toxics, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden-Harris Administration, catastrophic wildfires, climate change, coastal flooding, Greenhouse Gas Emissions Standards for Heavy-Duty Vehicles, greenhouse gas pollution, Inflation Reduction Act, Ken Zino, nitrogen oxides, nox, particulate matter, PM
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Auto Industry Continues to Rebound from Pandemic Lows
Cox Automotive* experts on a media call today said U.S. new-vehicle sales in Q1 will increase 5.6% year-over -year (YoY) and reach 3.8 million units. The YoY increase in Q1 sales implies that the new-vehicle market in the U.S. continues to recover slowly from the 10-year low – 13.8 million total sales – recorded in 2022. AutoInformed notes that the Biden Administration recovery continues despite the Federal Reserve’s efforts to harm the economy by keeping interest rates unduly high. Continue reading
Posted in auto news, economy, electric vehicles, manufacturing, marketing, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration economic recovery, Charlie Chesbrough, Cox Automotive, Jonathan Smoke, Ken Zino, Stephanie Valdez Streaty
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Suniva, Heliene to Make First U.S. Domestic Content Solar Cells
“With this strategic partnership Heliene and Suniva are well-positioned to rapidly scale domestic cell and module manufacturing to meet the surging demand for secure and reliable domestically made crystalline PV modules. Currently, all U.S.-made solar crystalline modules use only imported cells. This partnership will directly address that gap in the U.S. solar supply chain and help strengthen manufacturing capacity to meet increased demand for domestic products,” the companies said in a joint released timed to coincide with a visit by Secretary of the Treasury Janet L. Yellen at Suniva yesterday. Continue reading
Posted in economy, electric vehicles, electronics, energy, environment, global warming, manufacturing, milestones, news, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration economic recovery, Cristiano Amoruso, Domestic Content Bonus Investment Tax Credit, Heliene, Ken Zino, making American manufacturing great again, Martin Pochtaruk, renewable energy, Secretary of the Treasury Janet L. Yellen, solar polar, Suniva
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March US Vehicle Sales Up. Record Q1 Consumer Spending!
Total US new-vehicle sales for March 2024, are projected to reach 1,525,700 units, a 12.1% increase from March 2023, according to a joint forecast today from J.D. Power and GlobalData.* The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 16.4 million units, up 1.6 million units from March 2023. New-vehicle total sales for Q1 2024 are projected at 3,830,500 units, a 4.5% increase from Q1 2023 when adjusted for selling days as the Biden Administration recovery continues.
New-vehicle retail sales for March 2024 are also expected to increase when compared with March 2023. Retail sales of new vehicles are forecast at 1,225,000 units, a 10.7% increase from March 2023. New-vehicle retail sales for Q1 2024 are projected at 3,066,500 units, a 4.5% increase from Q1 2023 when adjusted for selling days. Continue reading
Posted in auto news, economy, marketing, milestones, news, news analysis, results, sales, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Bidenomics, David Oakley, Elizabeth Krear, GlobalData, j.d power, Ken Zino, March US new vehicle sales, Thomas King
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Department of Commerce Proposes $8.5B Intel Funding
The U.S. Department of Commerce and Intel Corporation have reached a non-binding preliminary memorandum of terms (PMT) to provide up to $8.5 billion in direct funding under the CHIPS and Science Act to strengthen the U.S. supply chain and re-establish American leadership in semiconductor manufacturing, the Biden-Harris Administration said today. This is the Department of Commerce’s fourth PMT announcement under the CHIPS and Science Act. So-called leading-edge chips power the most sophisticated technology extant, including developing AI and building critical military systems and weapons.
“There is no one who cares more about revitalizing American manufacturing than President Biden, and today’s announcement is a massive step towards ensuring America’s leadership in manufacturing for the 21st century. With this agreement, we are helping to incentivize over $100 billion in investments from Intel – marking one of the largest investments ever in U.S. semiconductor manufacturing, which will create over 30,000 good-paying jobs and ignite the next generation of innovation,” said U.S. Secretary of Commerce Gina Raimondo. Continue reading
Posted in auto news, autonomous cars, autonomous vehicles, economy, electric vehicles, electronics, engineering, manufacturing, milestones, news analysis, software defined vehicles, software defined vehicles
Tagged artificial intelligence, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden-Harris Administration, CHIPS and Science Act, Gina Raimondo, Intel, Intel 18A, Ken Zino, Pat Gelsinger, semi-conductors, U.S. Department of Commerce
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EPA Finalizes Vehicle Pollution Standards for 2027-32
The U.S. Environmental Protection Agency today announced final national pollution standards for passenger cars, light-duty trucks, and medium-duty vehicles for model years 2027 through 2032 and beyond. The standards will have significant effects on the types of vehicles available, how much they cost to buy, own and operate, as well as the economy and public health in a politically dysfunctional country. Let the lawsuits commence, particularly from anti-environmentalists, the Republican party, and fossil fuel funded groups.
“With transportation as the largest source of U.S. climate emissions, these strongest-ever pollution standards for cars solidify America’s leadership in building a clean transportation future and creating good-paying American jobs, all while advancing President Biden’s historic climate agenda,” said EPA Administrator Michael S. Regan. “The standards will slash over 7 billion tons of climate pollution, improve air quality in overburdened communities, and give drivers more clean vehicle choices while saving them money. Under President Biden’s leadership, this Administration is pairing strong standards with historic investments to revitalize domestic manufacturing, strengthen domestic supply chains and create good-paying jobs.” Continue reading
Posted in auto news, economy, energy, engineering, environment, fuel economy or emissions, global warming, litigation, manufacturing, milestones, mobility company, news analysis, public health, transportation
Tagged Alliance for Automotive Innovation, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden-Harris Administration, cafe, epa, greenhouse gas emissions, greenhouse gas standards, Inflation Reduction Act, John Bozzella, Ken Zino, uaw
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Petroleum Equivalency Factor Change Slows EV Adoption
The Environmental Protection Agency’s (EPA) final greenhouse gas and criteria pollutant rules for light-duty vehicles covering model years 2027-2032 is about to be to be announced. It’s part of a tangled maze of regulations from multiple federal and state agencies affecting automakers and ultimately consumers in the US, often referred in shorthand as CAFE – corporate average fuel economy.
In the latest development, The Department of Energy last year proposed decreasing the so-called “petroleum-equivalent fuel economy factor” (PEF) for EVs by 72% in 2027. The Petroleum Equivalency Factor expresses electric vehicle efficiency as equivalent-miles-per-gallon of gasoline for purposes of the EPA’s calculation of manufacturers’ compliance with NHTSA’s CAFE regulations. DOE is responsible for establishing the value of the PEF. With a final rule, issued yesterday, the PEF will be established for model years beginning in 2027. It slows forcing EV adaption, and in AutoInformed’s view this is a good thing. Continue reading
Posted in alternative fuels, AutoInformed Editorial, blog, economy, electric vehicles, energy, engineering, environment, fuel economy or emissions, global warming, labor issues, manufacturing, milestones, news analysis, public health
Tagged Alliance for Automotive Innovation, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, battery electric vehicles, cafe, CAFE civil penalties, Corporate Average Fuel Economy, department of energy, epa, John Bozzella, Ken Zino, petroleum-equivalent fuel economy factor
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Energy Independence – Clean Energy Connector Plugged In
The U.S. Department of Energy (DOE) and the U.S. Department of Health and Human Services (HHS) today announced an enlightened program that connects families to solar energy through HHS’s Low-Income Home Energy Assistance Program (LIHEAP).* The so-called Clean Energy Connector,** is a tool that connects families to solar energy through HHS’s LIHEAP. The first-of-its-kind software can now be used by local LIHEAP program administrators in Illinois, Washington, D.C., and New Mexico to connect community solar subscriptions to as many as 40,000 households with low incomes.
“Renewable energy is by far the cheapest form of power and now, thanks to innovative solutions developed under the Biden-Harris Administration, more households across America can access the health and savings benefits that solar power provides,” said U.S. Secretary of Energy Jennifer M. Granholm. “DOE’s partnership with HHS will increase the deployment of community solar, helping thousands of families lower their energy bills and in turn reduce their energy burden, ensuring Americans across the nation are included as we transition to a clean energy economy,” Granholm claimed. Continue reading
Posted in alternative fuels, economy, energy, environment, global warming, news, news analysis, public health
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration, community solar energy, energy independence, Jennifer M. Granholm, Ken Zino, National Energy Assistance Directors Association, National Rural Electric Cooperative Association, renewable energy, solar power, Solar United Neighbors, U.S. Department of Energy, U.S. Department of Health and Human Services, Xavier Becerra
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EV Bedfellows – Nissan and Mitsubishi Sign MoU
Nissan Motor (7201T. NSANY ADR) and Mitsubishi Corporation (8058.T) have signed a memorandum of understanding to pursue a new joint initiative in next-generation-mobility and energy-related services using electric vehicles in Japan. The companies said today that Japan as a country has been addressing issues such as driver shortages due to a declining population, and difficulties maintaining public transportation services due to decreasing numbers of users. Nissan and MC have also been undertaking various initiatives to solve these problems.
Joint initiatives of course have potential economies of scale, reducing the intense capital costs required to develop EVs and autonomous vehicles. This is making for what would have previously been unlikely hookups or strange bedfellows. Nissan and Honda, Two of Japan’s Big Three automakers, previously announced that will study sharing automotive software platforms, core components related to EVs, and complementary products. Continue reading
Posted in auto news, autonomous cars, autonomous vehicles, connected vehicles, economy, electric vehicles, electronics, engineering, milestones, mobility company, news, news analysis, public health, software defined vehicles, software defined vehicles, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, EV Bedfellows, Japan Inc, Ken Zino, Makoto Uchida Nissan president and CEO
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February Global Light Vehicle Sales at 85M Annual Rate
The Global Light Vehicle (LV) selling rate rose to 85 million units annually in February2024, according to an analysis just released by the respected consultancy GlobalData.* This is an increase from 82 million units/year in January, which is still anemic compared to the second half of 2023. More than 6 million vehicles were sold in February, although year-over year (YoY) it was down -2.8% YoY largely due to a withering in China.
“Many key markets saw moderate selling rate growth in February. In Europe, it was a mixed picture as Western Europe’s selling rate grew while Eastern Europe’s rate slowed. China’s selling rate improved moderately from January, though it remains somewhat weaker than at the end of 2023. In the US, prices continued to ease, and incentives ratcheted up, supporting market expansion,” the Global Light Vehicle Sales Forecasting Team said. Continue reading
EV Grumblings – Auto Execs Waffling on Growth
With hybrid electric vehicle sales soaring, and the badly needed EV charging infrastructure lagging, there is considerable discussion among auto executives and industry pundits about the EV market.*
As always a walk – or in this case an electrified drive – into the unknown provokes considerable speculation and anxiety about where things are headed. Compounding the EV market grumblings are the intensive capital investments involved and the dire state of our climate with the deleterious effects of global warming increasingly laying waste to large areas of the planet. Continue reading
Posted in alternative fuels, auto news, customer satisfaction, economy, electric vehicles, environment, global warming, marketing, news analysis, public health
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, center for automotive research, EV charging availability anxiety, GlobalData, GlobalData Powertrain Forecasts, Ken Zino, Matt Lucki, Snehasis Ganguly
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Bidenomics and the State of the Union
Once again President Biden took on the failed economic polices of the party of no hope, aka Republicans, and the former mis-administration disaster that he inherited in his State of the Union address last night. Nowhere is the contrast between good public policy and the republican politics of hate more evident than the ongoing recovery from the pandemic.
During an inspiring campaign speech that lasted more than an hour, Biden addressed – among other things – our economy. “I came to office determined to get us through one of the toughest periods in our nation’s history. And we have. It doesn’t make the news but in thousands of cities and towns the American people are writing the greatest comeback story never told. … America’s comeback is building a future of American possibilities, building an economy from the middle out and the bottom up, not the top down, investing in all Americans to make sure everyone has a fair shot … I inherited an economy that was on the brink,” Biden said. Continue reading
Posted in AutoInformed Editorial, blog, customer satisfaction, economy, environment, financial results, labor issues, manufacturing, news analysis, public health, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Bidenomics, donald trump, Ken Zino, Republican insurrectionists, State of the Union, The Hustings
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February Western European Passenger Car Sales Up 8%
The Western European passenger car (PV) selling rate rose month-on-month to 12.8 million units on an annual basis according to an analysis just released by the respected consultancy GlobalData.* (see Ken Zino of AutoInformed.com on European Passenger Car Sales Soft … Continue reading
Ayvens and Stellantis – 500,000 Fleet Sales Deal
Ayvens* (Euronext: ALD) and Stellantis (NYSE: STLA) said today that they have reached a multi-billion euro agreement “that encourages Ayvens’ affiliates to buy as many as 500,000 vehicles for its long-term leasing fleet across Europe during the next three years. The first significant delivery volumes are expected to begin in the first half of 2024 and continue throughout the year.
“One of the shared priorities will be integrating Stellantis’ innovative range of sustainable vehicles to support Ayvens’ multi-brand strategy,” the mobility companies said. Their stock prices are contrary with Stellantis near record highs and Ayvens near record lows. Stellantis also has its own leasing business, which is to a degree a competitor of Ayvens. Continue reading
Posted in connected vehicles, customer satisfaction, economy, marketing, mobility company, news analysis, shows and events, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ayvens, European fleet sales, Ken Zino, Tim Albertsen
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Heavy-Duty Emissions Standards – Missed Opportunity?
“The final rule also leaves more work to be done, and state legislatures should spur use of electric and other zero-emission trucks by adopting the Advanced Clean Truck rule. By delaying the final standards for sleeper cabs until model year 2030 vehicles, EPA missed out on the additional climate and health benefits that would have started accruing much earlier from some of the highest-polluting vehicles on the roads. Continue reading →