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GM to buy back 200M shares held by US Treasury for $5.5B

Green Car Congress

Government ownership of GM stock was the result of the auto industry rescue that began under President George W. Bush in 2008 and which was expanded by President Barack Obama in 2009.

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Center for Automotive Research calls long-run economic risk to auto industry of mandating permanent fuel economy standards very serious; recommends periodic reviews

Green Car Congress

Based on the results of the study, CAR believes the economic risk to the auto industry connected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.

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IHS: average age of light vehicles in US rises slightly in 2015 to 11.5 years; length of new vehicle ownership hits record high

Green Car Congress

million (2.1%) since last year and the highest annual increase the auto industry has seen in the US since IHS began tracking VIO growth. We’re now seeing average age begin to plateau and return to its traditional rate of increase as consumers have recovered from the great recession and have begun buying new vehicles again.

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Canadian Study Concludes Rebates to Hybrid Buyers Not Cost-Effective for Reducing Carbon Emissions

Green Car Congress

Our estimates indicate that two-thirds of people who buy hybrids were going to buy them anyway. While hybrid rebates help governments to appear environmentally progressive, Chandra suggests that some programs may serve as de facto bailouts for the North American auto industry. Ambarish Chandra.

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Lessons From Norway’s Journey To Becoming The Global Leader In EV Adoption

Wallbox

Here’s a quick timeline of the key incentives based on information from the Norwegian Electric Vehicle Association : The key benefit for EV owners remains the green tax deals on buying (no purchase or import tax), leasing (no VAT on leased EVs) and owning EVs (no road tax, reduced company car tax).

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Bring Back the EV1 Press Conference

Revenge of the Electric Car

Friday November 14th, 2008 - GM Training Center - Burbank, CA. Activists kept a 24/7 watch over the vehicles and offered to buy the EV1s from GM for their residual value. The Honorable Nate Holden, former California State Senator and L.A. Loyal GM EV1 customers tried valiantly to save 78 remaining EV1s from being crushed. Nate Holden.

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Automotive Market Research Perspectives on Selling Green in a Try-to-Survive Market

Green Car Congress

The role of emotion in buying cars. Would you buy this vehicle? Miller adds “ In the US we’ve had customers talk about the Prius ‘badge of honor’, in Europe the strongest reason for buying a Prius was to make a statement about ‘the effort to do something else. Not exactly a value proposition.

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