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Hybrid and electric cars account for 7.5% of Kia 1H 2017 Europe sales, up from 1% in 2016

Green Car Congress

Kia Motors posted its best six-month sales period in Europe, with half-year sales surpassing 250,000 for the first time in the company’s history. Hybrid and electric vehicles accounted for 7.5% Hybrid and electric vehicles accounted for 7.5% year-on-year (41,139 units), while sales of the A-segment Picanto grew 23.2%

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Porsche to invest more than $7.4B in electromobility by 2022

Green Car Congress

The money will be spent on derivatives of the Mission E ( earlier post ), hybridization and electrification of the current model range, as well as on developing a charging infrastructure and smart mobility. billion; as a result, its operating return on sales increased from 17.4% Porsche will invest more than €6 billion (US$7.4

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Diesel market share in Europe drops below 50%; offset by increased gasoline engine sales; implications for climate targets

Green Car Congress

of new car registrations in the first half of 2017, according to the European Association of Automobile Manufacturers (ACEA). This drop was offset by an increase in the sale of gasoline engined vehicles. of new passenger car sales, up from 45.8% Diesel’s market share in the EU-15 fell from 50.2%

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Honda targeting 2/3 of unit sales from PHEVs, HEVs and ZEVs by ~2030; PHEVs the core of electrification

Green Car Congress

At a press event in Tokyo to lay out his future vision and direction for the company, Honda Motor President & CEO Takahiro Hachigo said that the company will strive to make two-thirds of its overall unit sales from plug-in hybrid/hybrid vehicles and zero-emissions vehicles such as fuel cell vehicles and battery EVs by around 2030.

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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. —Yu Jun, General Manager of GAC Motor.

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Automakers whine about €15B fine they knew they’d risk for pushing gas cars

Baua Electric

If an automaker fails to meet this legal target, which was established in 2017 , it may have to pay a fine of €95 per gram of CO2 per car. And some are close to meeting them due to high EV or hybrid mix, like Kia, Hyundai and Stellantis. Meanwhile, gas car sales actually are slowing (-2% in 2Q).

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ACEA study finds cost still strong deterrent for EV uptake across Europe; calls for “realistic” targets recognizing affordability

Green Car Congress

A new study by the European Automobile Manufacturers’ Association (ACEA) finds that the affordability of electric cars remains a strong deterrent for customers across the EU, along with lack of infrastructure and lack of investment in infrastructure. of total EU car sales in 2017. percentage points between 2014 and 2017.