Remove Affordable Remove Brazil Remove PHEV Remove Tax
article thumbnail

Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Tax exemption for EV purchases and non-financial support remain in place, after an extension, as the automotive industry is seen as one of the key drivers of economic growth. Some province-led support and investment also remains in place and plays an important role in China’s EV landscape.

article thumbnail

KPMG survey finds global auto execs expect ICE dominance for some time; ICE downsizing and PHEVs to receive greatest investment over next 5 years; mobility-as-a-service in cities

Green Car Congress

Forty-one percent of executives taking part in the survey believe that government subsidies are needed if e-vehicles are to become affordable. Brazil: 35% believe the share will be 1-5%. The main growth tactics include new products and new markets, affordable vehicles and sales and price incentives. million in China, 2.5

article thumbnail

Lotus and Harmon partner up to add sound to hybrids

Tony Karrer Delicious EVdriven

The introduction of affordable noise management systems offers multiple benefits to manufacturers and consumers alike, achieving eco-friendly optimization of vehicle weight reductions and improved CO2 emissions. Working systems are ready for production implementation and manufacture.

Hybrid 30