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Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. This just goes to show the sheer scale of the importance of the automobile industry to Europe. billion.

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JAMA: Supporting Growth of Japan Plug-in Vehicle Fleet to 600,000 by 2020 Will Require Combination of Technical Breakthroughs, Market Innovations and the Elimination of Obstacles

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However, JAMA cited McKinsey data to point out that, assuming Japan will account for 10% of the world’s total demand for next-generation vehicles, sales of electric vehicles and plug-in hybrid vehicles will reach 600,000 units in the year 2020. Supporting that level of growth will require an integrated and cooperative approach, JAMA said.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. Experts urged greater efforts on China’s part to boost development of the new energy vehicle industry. L/100km (40 mpg US) or less.

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Rheinmetall wins three-digit million-euro order to supply structural parts for premium automaker EV

Green Car Congress

Rheinmetall has won a automobile industry order for structural parts worth a figure in the low three-digit million euro range. Back in 2020, the Group already won a nine-year order from the same customer for C-pillars worth a figure in the high single-digit million- euro range.

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Toshiba to supply inverters for Fords HEVs and PHEVs from 2012

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As the automobile industry moves toward a new generation of environmentally friendly vehicles, including HEV, PHEV and electric vehicles (EV), Toshiba is promoting advances in essential automotive technologies, from dedicated on-board control systems to batteries and Intelligent Traffic Systems. billion) in fiscal year 2020.

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EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

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Under the Energy Saving and New Energy Vehicle Plan for 2012 to 2020 released in 2012, average passenger car fuel economy is targeted to increase to 34 miles per gallon (6.9 l/100 km) by 2020. The NEV target for 2020, originally set at 5 million vehicles, was recently scaled back to 1 million vehicles. Source: EIA.

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

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The move will help promote the development of the automobile industry and drive economic growth. Our goal is for GAC Motor to take the lead in the EV business and achieve sales of 20,000 electric vehicles by 2020. —Yu Jun, General Manager of GAC Motor.