January 26, 2021
car

How gas car phaseout boosts beyond-gasoline movement

Last month, Gov. Gavin Newsom ordered California’s Air Resources Board to issue regulations requiring all new cars to be emission-free by 2035. The order creates powerful opportunities to accelerate the transition beyond polluting gasoline. It communicates to automakers, the oil industry, and drivers that the gas-car era has an end date, and that further investment in it will not be profitable. It signals to utilities, landlords, and the private sector that investments in electric vehicle (EV) charging infrastructure will be rewarded with high utilization by many millions of EVs.

The directive builds momentum for other states to sunset sales of new gas cars. In Washington state, a bill was introduced this year requiring 100% of new cars to be electric by 2030, and a growing coalition of environmental, health, business, labor, and community organizations is supporting its passage in 2021. Hawaii and Massachusetts are considering similar bills, and each additional

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Automotive Manufacturers’ Focus to Produce Lightweight Vehicles Boosts Demand Avenues in Automotive Lightweight Materials Market: TMR

ALBANY, N.Y., Oct. 8, 2020 /PRNewswire/ — Automotive lightweight materials are gaining traction across the worldwide automotive sector. One of the important reasons for this popularity is the ability of automotive lightweight materials to advance the fuel economy of automobiles. Similarly, these materials widely utilized to boost the safety as well as overall vehicle performance. Owing to all these factors, the global automotive lightweight materials market is estimated to grow at rapid speed in the years ahead.

TMR’s analysts highlight that the automotive lightweight materials market is likely expand at a CAGR of 7.2% during forecast period of 2019–2027. Major enterprises from the automotive industry are eyeing the development of vehicles with advanced fuel efficiency. As a result, they are growing use of automotive lightweight materials. This scenario depicts that the manufacturers of automotive lightweight materials will gain lucrative avenues in the years ahead.

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