article thumbnail

EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

It is the first deliverable of the New European Industrial Policy outlined in an earlier communication. This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the.

article thumbnail

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

Green Car Congress

Natural gas and other alternative fuel vehicle technology is basically mature, the government said, and is headed toward initial industrialization. 2012 Chinese Auto Industry Development Report. 2012 Chinese Auto Industry Development Report.

article thumbnail

CEO’s Take on 2024: Cost efficiency and tech skills make India a global force in auto parts sector, says Nirmal K. Minda, CMD, Uno Minda – ET Auto

Baua Electric

While India has a position as one of the world’s fastest-growing economies, its motor vehicle penetration per capita remains significantly lower compared to the global average. However, this disparity is anticipated to narrow gradually, fueled by rising disposable income and ushering in a lucrative market for the auto industry.

India 52
article thumbnail

Global auto industry receives $44 billion for greener cars

Green Cars News

The global automotive industry is receiving close to US$44 billion from governments around the world to develop alternative fuel technologies, analysts at Deloitte reveal. The market for alternative fuel vehicles is being strongly supported economic stimulus packages and other government programs in at least 13 markets.

article thumbnail

KPMG survey finds global auto execs ranking fuel efficiency the top consumer priority

Green Car Congress

Fuel efficiency, safety innovation, and vehicle styling will be the three most important product issues influencing automotive consumer purchase decisions over the next five years, indicating a perceived shift in buying priorities, according to the 12 th annual global automotive survey conducted by KPMG LLP. Investments.

Global 218
article thumbnail

Alternative fuels to ‘power car industry growth’

Green Cars News

While the global economic climate may still be fairly dire, a new report suggests that for the UK auto industry growth will be driven by new technology and investment into alternative fuel powertrains over the coming few years.

article thumbnail

CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

Percentage of Global R&D Spending by Industry, 2013. Source: Booz & Company “Global Innovation”; Battelle R&D Magazine; Center for Automotive Research 2012. Additionally, the auto industry provides 16% of total worldwide R&D funding for all industries. Click to enlarge. —Center for Automotive Research.