Remove tag Subsidies
article thumbnail

NIO gains advantage after Chinese Government favors battery swapping for EVs

Teslarati

In April 2020, China’s Ministry of Finance announced that EV subsidies would be extended until the end of 2022 for new energy passenger vehicles priced below $45,700. For instance, Tesla China’s MIC Model 3 qualifies for the subsidy since it costs $39,000. NIO recently announced its foray into Europe, starting with Norway.

Chinese 143
article thumbnail

Bloomberg New Energy Finance forecasts plug-in electric vehicles could account for up to 9% of US auto sales in 2020 and 22% in 2030

Green Car Congress

million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). By comparison, the Nissan Leaf will cost $26,280 after federal subsidies (including an allowance for charger installation), which is a higher price point than three quarters of all new auto sales. Last week, J.D.

Financing 283
article thumbnail

Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

Green Car Congress

While notable exceptions exist, the report says, the financing framework is often skewed towards supporting the motorization model: Domestic public finance is mainly used to build and maintain infrastructure to cater to increasing levels of motorized traffic.

article thumbnail

G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

Green Car Congress

One of the outcomes of the meeting of G20 leaders in Pittsburgh this week was an agreement to phase out and rationalize over the medium-term inefficient fossil fuel subsidies while providing targeted support for the poorest. Many countries are reducing fossil fuel subsidies while preventing adverse impact on the poorest.

article thumbnail

BYD Auto To Begin Sales of F3DM Plug-in to Individuals

Green Car Congress

BYD dare not to open sales to the personal buyers without the subsidies from government.As Some insiders expect that the local government in Shenzhen will not rule out offering subsidies for residents buying BYD’s F3DM, so as to improve the development of electric cars. Tags: Brief.

BYD 199
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

Financing 150
article thumbnail

Amsterdam and Renault-Nissan Partner on EVs; Targeting Sales of 1,000 EVs by End of 2011

Green Car Congress

Since March 2009, businesses are also eligible for a subsidy from the city when purchasing an EV. The extra charging points will be financed by the Air Quality Fund, with a substantial contribution from the government. Tags: Brief.

2011 199