Put Electric Cars On Hold! Engine Tweaks Will Help Meet Emissions Standards
Tweet
Share
E-mailGet Alerts GM Hot Sheet
Join SI Premium – FREE
Looks like making the new "stricter" emissions standards shouldn't be as hard as originally thought.
Thanks to new research from Boston Consulting Group, simply tweaking existing internal combustion engines will be the obvious solution to rolling out more expensive cars.
Automakers and those planning to bring autos to the U.S. will be expected to cut emissions 40 percent by 2020.
However, Boston Consulting notes simply adding a turbocharger or friction-reduced components will do the trick, making existing vehicles more efficient and slowing sales of electric cars.
Also, China and Europe will be the largest consumers of electric cars -- not the U.S. -- like originally thought.
Boston Consulting also found the upgrades needed to hit emissions targets would only add about $2,000 to the sticker price, on average.
Looking forward, Boston Consulting said automakers will continue to develop electric vehicles in order to meet more stringent 2035 to 2050 emissions standards.
Oh, and oil's a finite resource. That might put more emphasis on developing internal combustion engines.
Hybrid autos, those that run on gas and electric, only accounted for 1.6 percent of vehicle sales in May, down from an all-time high of 3.56 percent in July 2009 during the cash-for-clunkers program, and the last time gas was above $4 per gallon.
In May, General Motors (NYSE: GM) sold only 481 of its Chevy Volts, though sales have now been opened up to 50 states with a slightly lower price tag. Ford Motor (NYSE: F) reported that more customers chose the 4-cylinder version of its Escape SUV, with sales jumping from 40 to 50 percent in May.
Thanks to new research from Boston Consulting Group, simply tweaking existing internal combustion engines will be the obvious solution to rolling out more expensive cars.
Automakers and those planning to bring autos to the U.S. will be expected to cut emissions 40 percent by 2020.
However, Boston Consulting notes simply adding a turbocharger or friction-reduced components will do the trick, making existing vehicles more efficient and slowing sales of electric cars.
Also, China and Europe will be the largest consumers of electric cars -- not the U.S. -- like originally thought.
Boston Consulting also found the upgrades needed to hit emissions targets would only add about $2,000 to the sticker price, on average.
Looking forward, Boston Consulting said automakers will continue to develop electric vehicles in order to meet more stringent 2035 to 2050 emissions standards.
Oh, and oil's a finite resource. That might put more emphasis on developing internal combustion engines.
Hybrid autos, those that run on gas and electric, only accounted for 1.6 percent of vehicle sales in May, down from an all-time high of 3.56 percent in July 2009 during the cash-for-clunkers program, and the last time gas was above $4 per gallon.
In May, General Motors (NYSE: GM) sold only 481 of its Chevy Volts, though sales have now been opened up to 50 states with a slightly lower price tag. Ford Motor (NYSE: F) reported that more customers chose the 4-cylinder version of its Escape SUV, with sales jumping from 40 to 50 percent in May.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- U.S., Canada discussing possible reduction in U.S. autos tariffs to 15% after some value content deductions from 25% currently - Reuters
- China semiconductor equipment imports grow 9% in July, Barclays comments
- Barclays reports U.S. hotel revenue per room up 8.2% in July
Create E-mail Alert Related Categories
General News, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
