article thumbnail

8 development banks commit to provide more than $175B to scale up support for sustainable transport

Green Car Congress

Developing countries have the opportunity to leapfrog to a greener future of less motorization, shorter commutes, and more energy efficient transport systems. Global CO 2 emissions from the transport sector are projected to increase nearly 50% by 2030 unless significant changes are adopted. —ADB President Haruhiko Kuroda.

article thumbnail

Navigant forecasts modest global annual sales growth of e-bicycles, reaching 40.3M units in 2023

Green Car Congress

In a new report , Navigant Research forecasts that global annual sales of e-bicycles will grow modestly from 31.7 million e-bicycle sales this year under the base scenario, representing 91% of the total global market. This growth in demand is expected to result in revenue for global e-bicycle sales of $13.5 billion by 2023.

Global 281
article thumbnail

The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. However Tesla and other automakers have generally been considered to be targeting a $25,000 price tag, and while affordable, it’s still far greater than $10,000.

article thumbnail

UC Davis, ITDP study suggests global shift to public transport, NMT and away from cars could save $100T through 2050 and cut GHGs

Green Car Congress

—Lew Fulton, co-director of NextSTEPS Program at the UC Davis Institute of Transportation Studies. Transportation, driven by rapid growth in car use, has been the fastest growing source of CO 2 in the world. This expands mobility options, especially for the poor, and curbs air pollution from traffic. —Replogle and Fulton.

Davis 273
article thumbnail

Citroen becomes first multinational car manufacturer to export Made-in-India EVs | Autocar Professional

Baua Electric

The inaugural shipment of 500 units of the Made-in-India Citroen e-C3 to Indonesia was ceremonially flagged off today from Kamarajar Port, marking a significant moment in India’s journey towards sustainable mobility and global competitiveness.

Citroen 52
article thumbnail

How battery leasing enhances adaptability in the EV ecosystem | Autocar Professional

Baua Electric

However, this challenge can be overcome by battery leasing, which not only addresses affordability but also enhances faster adaptability within the EV ecosystem. Battery leasing presents an effective alternative for consumers, offering a pathway to access high-quality battery packs at affordable rates.

article thumbnail

IEA working paper highlights potential role of natural gas in reducing global road transport CO2

Green Car Congress

The global natural gas vehicle fleet has grown rapidly in the last 10 years, but still represents less than 1% of global transport fuel consumption. The global fleet of NGVs consists largely of passenger cars/LDVs, although there are some regional differences. Click to enlarge.

Gas 207