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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. In addition, the tax rate for pure electric vehicles in Thailand was reduced from 8% to 2% in June this year. What is the mystery behind it?.

Asia 97
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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. Energy-saving and new energy vehicles have become the development direction of the international automobile industry.

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GM’s Volt Program = $700m

Revenge of the Electric Car

General Motors will invest $336m in a Detroit-area assembly plant, bringing to $700m total investment in eight Michigan facilities to begin mass production of the rechargeable Chevrolet Volt electric car in late 2010. owned by a major automaker to produce an electric car,” says Jon Lauckner, vice president of global product planning.

Volt 124
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Electric vehicles sales, transportation & policy initiatives 

Electric Vehicles India

The Government of India is continuously making efforts to bring the electric vehicles revolution in India through various initiatives be it providing exemption of tax on electric vehicles or providing incentives under the FAME II (Faster Adoption and Manufacturing of Hybrid and EV).

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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

The report calculated that if companies had to pay for the full environmental costs of their production, they would lose 41 cents for every US$1 in earnings on average. Material Resource Scarcity: As developing countries industrialize rapidly, global demand for material resources is predicted to increase significantly. Source: KPMG.

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Exploring the adoption of EVs in the US, Europe and China; charging scenarios and infrastructure

Green Car Congress

The automobile industry has said that without additional government subsidies they can only sell 600,000 electric cars by 2020 at best. Whether automakers increase production of EVs to help meet average fuel economy standards will depend on the commercial prospects of EVs. percent of total car sales.

Europe 244
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Mercedes-Benz to launch four new electric vehicles in few months

Electric Vehicles India

With a market share of roughly 44%, Mercedes-Benz is the market leader in India’s luxury automobile industry with sales of about 38,000 units in 2022. Luehrs also added that the company did not see any further need to increase its production capacity globally. In one year, the plant can produce upto 20,000 units.