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UK to invest $841M from 2015-2020 to boost ultra low emission vehicle industry

Green Car Congress

The UK government announced plans to invest £500 million (US$841 million) between 2015 and 2020 to boost the ultra low emission vehicle (ULEV) industry and help drivers both afford and feel confident using electric cars. LowCVP 2014-2015 workplan. The automotive industry is worth £11.2 billion (US$18.8

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Fujitsu and GMS partner on trial of electric tricycles in the Philippines

Green Car Congress

(GMS), a venture company providing mobility services, will partner on field testing to expand the use of electric tricycles (a three-wheel taxi) in the Republic of the Philippines. However, because most tricycle operators in the Philippines have low incomes, they can neither afford to buy an electric tricycle outright nor pass a credit check.

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Frost & Sullivan: carsharing membership to reach 9.8M in 2025; 19.9% CAGR

Green Car Congress

Travel and expense management company Certify’s Q2 analysis on business expense trends found that Uber, the popular ridesharing service, continues to grow with business travelers, comprising 55% of ground transportation receipts compared with taxi services at 43%. In Q1, Uber had 46% of receipts compared with taxis at 53%.

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Lessons From Norway’s Journey To Becoming The Global Leader In EV Adoption

Wallbox

The accumulation of these EV tax breaks, plus the hefty 25% tax on fossil-fuel cars, means that EV models in Norway are often more affordable than fossil-fuel cars, even without the EV subsidies that are available in other countries. By 2015, Norway already had 10,000 charging stations.

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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

Green Car Congress

However, according to a new report from Pike Research, PEV production will fall well short of the government’s ambitious goals of manufacturing 500,000 PEVs a year by 2015. The HEV cars were sold mostly to individual consumers while PHEVs were sold to taxi fleets in Shenzhen and Beijing, as well as to some. BEV/PHEV cars that were.

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Driving Towards a Sustainable Future: The Rise of Electric Autos in India

Baua Electric

Additionally, major automakers are investing heavily in R&D to develop affordable and high-performing electric vehicle models specifically designed for the Indian market. One of the key measures is the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, launched in 2015.

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History of Electric Vehicles in India

Get Electric Vehicle

2005 – 2015 : Period of a huge setback in the Industry due to various issues mainly poor government support and poor support system and infrastructure for EVs. 2021 – Fast forward to 2021, when firms are hustling to produce affordable electric vehicles, to dispel the myth that electric automobiles are prohibitively expensive.

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