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Japan ends subsidy program for green car purchases

Green Car Congress

Japan has decided to end a government subsidy program to encourage purchases of environmentally friendly cars as funds dwindle. According to the Ministry of Economy, Trade and Industry, the government only has ¥2.5 billion (US$32 million) left of the ¥274.7 billion (US$3.5 billion) allocated for the program.

Japan 247
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Current issue of fka/Roland Berger E-mobility Index drops US to 4th place

Green Car Congress

In this context, the purchasing incentives of individual states are highlighted as well as potential changes to the legal regulations that will make it more difficult for OEMs to comply with them in the future. Increased sales volumes in Europe are to a large extent due to the purchase incentives contained in stimulus packages.

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BYD sells 18,220 EVs in China in November, up 128% year-on-year

Green Car Congress

The market began to recover in the second quarter, supported by government stimulus measures to encourage the use and purchases of such vehicles, notes Argus Media. China’s NEV industry was hit by the Covid-19 outbreak in this year’s first quarter. The country’s domestic NEV output totalled 914,000 from January-October, down by 9.2%

BYD 294
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King County, Washington, Purchases 24 Azure Dynamics Balance Hybrid Electric Buses

Green Car Congress

King County was able to award this contract with the support of Federal Transit Administration (FTA) stimulus funds aimed at providing fuel-efficient and more environmentally friendly transportation solutions.

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Beijing Wont Restrict Auto Purchases to Deal With Growing Congestion

Green Car Congress

The ministry attributed the rapid rise in vehicle numbers to the government’s stimulus policies, which included lower taxes on small-displacement automobiles, subsidies to replace old vehicles and subsidies to farmers buying vehicles. A total 16.7 Around 41% of the vehicles were cars and 51% were motorcycles.

Purchase 210
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Brookings analysts recommend against repeating cash for clunkers program in future recession

Green Car Congress

In terms of distributional effects, compared to households that purchased a new or used vehicle in 2009 without a voucher, CARS program participants had a higher before-tax income, were older, more likely to be white, more likely to own a home, and more likely to have a high-school and a college degree. miles per gallon (9.4 million, or 0.7

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Argus: China’s Southern Rare Earth ups Tb, Ho, Gd, Dy prices; rising magnet demand

Green Car Congress

China’s NEV industry began to recover in the second quarter of this year from the impact of the Covid-19 outbreak, which started in late January, supported by government stimulus measures to encourage production and sales of such vehicles. Argus assessed the range for 99.5-99.9%

Price 170