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China Forecast to Produce 12M Vehicles This year

Green Car Congress

China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). In January, China cut the purchase tax on passenger cars to 5% for models with engine displacements of less than 1.6 People’s Daily. million units in July, up 63.57

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PwC’s Autofacts forecasts global light vehicle assembly to reach 81.8M units in 2013, up 3.3% from 2012

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The region is now forecasted to produce nearly 16.2 Capacity in the region is forecasted to grow from 15.4 Encouraging growth in Brazil during the first half of the year has dissipated, even as the Industrial Products Tax (IPI) holiday winds down in October. million units, with EU assembly forecast to 15.8 South America.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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In DB’s Fall 2009 note, they had forecast 12% growth. Increasing political animus towards the ethanol tax credit, which was “ begrudgingly renewed for one year in the lame-duck tax bill.” By mid-2Q, the team had increased its estimate to 25%. CAGR from 2012 through 2020 to about $250/kWh.

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This is How the COVID-19 Pandemic Affect The Global EV Market

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One of the key drivers driving the market’s growth is favorable government policies and funding in the form of incentives and grants, tax rebates, and other non-financial advantages such as carpool lane access. It is expected that, with continuing innovations in the car industry, the electric vehicle market has seen steady growth.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

It has established itself as a firm leader in the green car race thanks to the success of the Toyota Prius and Japanese government ecological perks including tax breaks have helped ease the drop in sales with the Prius topping the sales charts in its home country for two successive months.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

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Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. Don’t Overreach: With the entire supply chain so vulnerable, automakers should err on the conservative side when forecasting volumes for new or resourced programs.

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Major study concludes achieving EU 2050 transport decarbonization goals will require portfolio of advanced powertrains; fuel cells, battery-electric and plug-in hybrids

Green Car Congress

The group then used a combined forecasting and backcasting approach to calculate the results: from 2010 to 2020, global cost and performance data were forecasted, based on proprietary industry data; after 2020, on projected learning rates. Average values were taken, with no “cherry-picking” of the most favorable data. Resources.

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