article thumbnail

All petrol car sales must stop by 2038 for transport sector to meet net-zero

The Driven EV News

The global road transport sector can still reach net-zero emissions by 2050, says BloombergNEF, but only if the last ICE vehicle is sold by 2038. The post All petrol car sales must stop by 2038 for transport sector to meet net-zero appeared first on The Driven.

Petrol 98
article thumbnail

Rise of Indian used car market; set to exceed 10 mn units by FY28 – ET Auto

Baua Electric

Predictably, the petrol segment continues to dominate the market The used car industry is generally three to five years behind the trends in the new car market. Gupta recalled that in 2016-17, the penetration of finance was hardly 7%. Mahindra FirstChoice enables used car sales through inspections before it goes for financing.

Market 52
article thumbnail

Used EVs – Over The Hill, Or An Absolute Steal?

My Energi

A worldwide deficit of lithium, a global shortage of semiconductors and the ongoing conflict in Ukraine are all heavily impacting production efficiencies, with some OEM lead times reportedly reaching upwards of twelve months. Will your used EV quickly become a drain on your finances? What about the elephant in the room?

Cheap 133
article thumbnail

Earth Day 2024: each day is about reducing emissions | Autocar Professional

Baua Electric

Earth Day is now a global event each year, and over a billion people across 192 countries now take part in what is the largest civic-focused day of action in the world. The shift to eco-friendly electric mobility is underway globally. In CY2023, global sales of electric vehicles (EVs) scaled a new high – over 13.6

article thumbnail

[PRESS RELEASE] Emissions Reduction Plan: Electric Vehicles will drive a low emissions future

Drive Electric

Drive Electric Chair Mark Gilbert says, “If you watch the global automotive market – we’ve been seeing for some time that EV technology will replace petrol and diesel cars. Globally, more than $400 billion has been invested in the EV sector in the last decade. This may happen faster than you might think. MIA, May 2022).

article thumbnail

Drive Electric Submission: Reviewing the Road User Charges System

Drive Electric

To avoid perverse outcomes, any changes to RUCs that were designed to support climate objectives would need to see equivalent measures placed on petrol vehicles through other mechanisms, so as not to disincentivise EV uptake. In other words, any incentives (or disincentives) should always support EV uptake, over petrol/diesel vehicles.

article thumbnail

UK wants to ban 100% ICE power by 2030

EV Info

Boris has spoken and started the end of the petrol engine in the UK. Under Boris’s new Green plan, the sale of new combustion engine vehicles, that are powered wholly by Petrol or Diesel will be banned from 2030. According to the Global CCS Institute’s 2019 Status Report , 40 million metric tons of CO?

Power 56