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Auto sector sourced 50% parts locally, says minister – ET Auto

Baua Electric

EV sales in India were growing by a compounded annual growth rate of 49%. The Indian automobile sector was able to source almost 50% of required auto parts from domestic markets under the INR 26,000 crore Production-Linked Incentive (PLI) scheme, said Union minister for heavy industries Mahendra Nath Pandey on Tuesday.

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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

Green Car Congress

China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. However, generally speaking, the government continued, China has not achieved a breakthrough with new energy automobiles and core components of the key technologies.

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Europe’s biggest EV market is about to hit a perfect storm of problems

Baua Electric

Germany is Europe’s biggest auto market, and it’s been one of the main drivers of EV growth. But now that is expected to change course, as EV sales are projected to drop – by 14% – for the first time in eight years. But that’s part of a downward trend that has been happening since the pandemic, according to VDA. pre-pandemic.

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China realizes charging piles, complete vehicles and accessories to go overseas

Setec Powerr

Judging from the customs data for the first eight months of this year, the contribution rate of my country’s new energy vehicle exports to the growth of automobile exports reached 26.7%, becoming a new bright spot in the foreign trade of the automobile industry. China Pinti Auto Parts sells well all over the world.

China 52
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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

President Biden says his EV policies will result in “one million new jobs in the American automobile industry. In addition, the elimination of the powertrain required in ICE vehicles means all those related auto part manufacturing jobs in the auto supplier community will disappear. One million.”.

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China puts its electric vehicles on center stage - China automotive news

Tony Karrer Delicious EVdriven

As a subscriber, you can receive our free weekly China Auto News, which keeps you informed the latest developments of Chinas automobile industry. Chevrolet Volt plug-in hybrid, which is expected to sell for $40,000 when it goes on sales in the U.S. Gasgoo.com | ?? | You can unsubscribe this Newsletter any time you want!

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2025-2035: Rewriting The Automotive History

Get Electric Vehicle

A recent report from the Environmental Defense Fund indicates that electric vehicle sales volumes are growing at a rapid pace, signalling an epochal shift in the auto industry over the next decade. According to the research, worldwide and US electric vehicle sales increased by 40% and 4%, respectively over the year.