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Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. This just goes to show the sheer scale of the importance of the automobile industry to Europe. billion.

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Much Awaited Electric Cars Sales Report – Feb’ 23

Electric Vehicles India

With the advent of battery technology, the automobile industry is shifting towards electric vehicles from the gasoline ones. In the recent years, India has manufactured numerous electric vehicles with various features and the sales of those showed a great surge. 56 MG Motors 345 425 38 807.89 -19 BYD India 228 132 12 1800.0

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Sony and Honda sign MOU to create JV to develop and sell EVs and mobility services; first model on sale in 2025

Green Car Congress

Sony Group Corporation and Honda Motor signed a memorandum of understanding that outlines their intent to establish a joint venture through which they plan to engage in the joint development and sales of high value-added battery electric vehicles (EVs) and commercialize them in conjunction with providing mobility services.

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Hyundai invests more in Georgia to produce hybrids

Teslarati

Hyundai Motor Co. Hyundai moves up production start date at Georgia Metaplant In the first quarter, Hyundai Motor reported an operating profit of over 3.5 billion), and sales reached a record high of over 40 trillion won (US$29 billion). Hyundai’s Georgia Metaplant was supposed to be a dedicated factory for EV production.

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Electric vehicles sales, transportation & policy initiatives 

Electric Vehicles India

Electric vehicles sales, transportation & policy initiatives . Today in this article we will see the sales of electric vehicles under the FAME II scheme and overall sales. Today in this article we will see the sales of electric vehicles under the FAME II scheme and overall sales. per cent sales decline.

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Nidec to Acquire Emerson Electric Co. Motors & Controls Business

Green Car Congress

Japan’s Nidec Corporation, the world’s leading manufacturer of motors for hard-disk drives, has entered into an asset and stock purchase agreement with Emerson Electric Co. EMC) to acquire EMC’s Motors & Controls business in an all cash deal. Tags: Motors. Terms of the arrangement were not disclosed. Earlier post.)

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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. —Yu Jun, General Manager of GAC Motor.