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New government scrappage scheme could boost EV sales

Discover EV

The economic crash of 2008 saw the implementation of UK's first scrappage scheme in which paid £2000 for an old car against the purchase of a new one. Now, in the wake of the COVID-19 crisis and the biggest slump in car sales in decades, the government is considering a new scheme.

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Experian Automotive: total number of light vehicles on US roads at highest level since 2008

Green Car Congress

Increased new vehicle sales and lower scrappage rates pushed VIO to the highest point on record since Q3 2008. In Q2 2013, more than half (50.9%) of VIO were between model years 2000 and 2008. The number of cars and light trucks on the road in the US reached 247.9 of the VIO market in Q2 2013.

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IHS cuts 2015 light vehicle sales forecast in China to 23.4 million; deeper cut for 2016

Green Car Congress

IHS revised downward its forecast for light vehicle sales in China, projecting a decline of 3 to 4 percent from previous estimates for 2015. IHS Automotive has reduced its full year 2015 light vehicle sales forecast for China to 23.4 However, sales activity may not be as negative as current media reports suggest, according to IHS.

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New Car Registrations in UK fall 30.9% in January; Industry Urges UK Government to Provide Scrappage Incentives to Boost Demand

Green Car Congress

This would be some 410,000 units off the 2008 total and almost 685,000 units down on 2007. Alternatively fuelled vehicle (AFV) demand showed a particularly sharp decline, down 47.4%, in part reflecting strong growth in 2008. Scrappage schemes in other European countries include: Country. In January, diesel penetration rose 0.7

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Prius Top-Seller Again in Japan in July; Up Almost 4x Year-on-Year

Green Car Congress

Toyota’s Prius was the top-seller in Japan in July, with 27,712 units sold—almost quadruple the 7,058 units sold in July 2008, according to data from the Japan Automotive Dealers Association. For the first seven months of the year, Prius sales in Japan total 79,122 units. Almost 10% of these were placed through the scrappage scheme.

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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

New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. Scrappage is defined by a vehicle being taken out of the fleet and no longer in use. Looking ahead, IHS forecasts that average age is likely to hit 11.6 until 2018.

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Scrappage scheme boosts August car sales

Green Cars News

The car scrappage scheme continues to boost car registrations as sales rose 6.0 The second successive month of growth within the motor industry, August’s sales of 67,006 vehicles build on the 2.4 per cent in August, albeit on a weak 2008 performance. per cent off the 78,800 market averaged between 1999 and 2008.