Remove Auto Remove Cars Remove Stimulus Remove Tax
article thumbnail

Beijing Wont Restrict Auto Purchases to Deal With Growing Congestion

Green Car Congress

69% of licensed drivers can drive a car. Around 41% of the vehicles were cars and 51% were motorcycles. A separate report from the Ministry of Public Security said that almost 200 million Chinese can drive a vehicle—about 15% of the 1.3 billion population. About 19 million Chinese obtained a driving license in 2009. A total 16.7

Purchase 210
article thumbnail

China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. People’s Daily.

article thumbnail

China Forecast to Produce 12M Vehicles This year

Green Car Congress

Chinese domestic auto makers were expected to produce and sell more than 8 million units of vehicles in first eight months this year respectively, said Chen Bin, director of the Department of Industry under the NDRC. In January, China cut the purchase tax on passenger cars to 5% for models with engine displacements of less than 1.6

China 218
article thumbnail

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

Key developments in the transportation sector that they note include: Positive for gasoline demand: Strong Chinese car growth in 2010, particularly in the first half of the year, with vehicle sales up 30% year-on-year (YoY) through the first eleven months of 2010. passenger cars will outgrow larger vehicles due to favorable policies.

article thumbnail

This is How the COVID-19 Pandemic Affect The Global EV Market

Get Electric Vehicle

It is expected that, with continuing innovations in the car industry, the electric vehicle market has seen steady growth. One of the key drivers driving the market’s growth is favorable government policies and funding in the form of incentives and grants, tax rebates, and other non-financial advantages such as carpool lane access.

Market 52
article thumbnail

Plug-in cars: Moving Forward

Plugs and Cars

I write a column for the Electric Auto Association newsletter, Current EVents. Plug-in cars are inevitable. Nissan appears intent on opening up a market for mid-price range electric cars within two years. President Obama has stated a commitment to 1 million plug-in cars by 2015. Here's my June column. Such as the $1.1

Plug-in 100
article thumbnail

Can green cars solve automotive crisis? The Green Piece

Green Cars News

Part of the swing in culture has been a downturn in new car sales. It seems a spark is needed to get us back to the showrooms – so are the leading manufacturers right to put their faith in green cars? Honda too has pinned its recovery hopes on green cars, pushing both hybrid and hydrogen fuel cell technology. Averting a slump.