Tougher Fuel Efficiency Standards, Electric Vehicle Push Will Accelerate Sales and Profits for U.S. Carmakers More than Global Competitors, Two Analyses Conclude
(3BL Media / theCSRfeed) Washington, D.C. - March 30, 2011 - As the U.S ramps up vehicle fuel efficiency standards, two new reports from Citi Investment Research, Ceres and longtime independent industry experts conclude that U.S. automakers will be more profitable at a fleetwide 42 mile per gallon (MPG) average in 2020 – the strictest standard now proposed for that year and one seen as eminently achievable - and that by 2015 more than one in 20 cars sold in the U.S. will be hybrid, plug-in or full electric vehicles (EV).
How to Beat the Rising Price of Fuel by Driving Lean and Driving Clean
The unrest in Egypt has sparked a range of responses around the globe, including a big jump in the price of oil. Egypt is not a major oil producer but its strategic location has raised concern of disruption of oil supplies through the Suez Canal, and concern that the unrest may spread to other countries in the region. Even before the current situation in Egypt the signs of economic recovery in the US and continued rapid growth in China and India was driving the price of oil upward, and some have speculated that 2011 might see the price of oil rise as dramatically as in the summer of 2