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Scrappage Policy in India: Will It Boost EV Adoption?

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The Voluntary Vehicle Fleet Modernisation Programme, often known as the vehicle scrappage program, was launched on August 13 by Prime Minister Narendra Modi. . The Vehicle Scrappage Policy’s Highlights. The scrappage program is claimed to benefit India’s ailing automotive industry.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million, an increase of 2.4% North America.

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World Bank/ICCT report provides guidance to reducing black carbon emissions from diesels in developing countries

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Brazil may adopt more stringent fuel quality standards by 2015; similarly tough vehicle standards are less certain, according to the authors. Other programs can provide significant benefits, such as vehicle scrappage and replacement, inspection and maintenance, and vehicle retrofitting, the report suggested.

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Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

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million vehicles, but the analysts do not expect the US market to achieve pre-recession levels of greater than 16 million vehicles per year until 2015. Austerity plans will prevent governments in Europe from boosting 2012 sales through scrappage programs and other incentives offered in previous years. Brands in the US.

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