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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

Green Car Congress

Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America.

Purchase 299
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Volvo Cars and Geely Auto to deepen collaboration; new combined powertrain company

Green Car Congress

The company, expected to become operational this year, will provide internal combustion engines, transmissions, and next-generation dual-motor hybrid systems for use by both companies as well as other automobile manufacturers. Companies to retain independent corporate structures.

Volvo 320
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Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

Green Car Congress

Including hybrid-electric vehicles, it will strive to electrify 100% of its automobile unit sales in Japan by 2030. Honda is formalizing its goals for achieving carbon neutrality for all products and corporate activities by 2050, as well as zero traffic collision fatalities involving Honda automobiles and motorcycles globally by 2050.

Honda 400
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 And unlike previous recessions, we’re not just dealing with people’s fears or purchase delays. million units.

Europe 261
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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

Under current law, consumers may receive a tax credit of up to $7,500 if they purchase an eligible electric vehicle. The Driving America Forward Act raises the cap and allows purchasers of an additional 400,000 vehicles per manufacturer to be eligible for the tax credit. ITC Holdings Corp.,

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Tesla (TSLA) could rally up to $1000 this year if China demand remains strong: report

Teslarati

However, the global semiconductor-chip shortage could be a temporary setback for Tesla. First, Tesla still has to contend with the global chip shortage, which has affected many automobile manufacturers and tech companies. Ives has an “Outperform” rating for TSLA stock with a $1,000 price target.

China 142
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Study finds car dealerships pose significant barrier to EV adoption

Green Car Congress

The researchers also found that dealers’ technological orientation, willingness to sell and displayed knowledge of EVs were main contributors to likely purchase intentions. This includes comparisons between the EV global leader Norway, an intermediate adopter (Sweden), and the less developed EV markets of Finland, Iceland and Denmark.

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