Remove Auto Industry Remove Cleaner Remove Financing
article thumbnail

BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). We see a momentous inflection point for the global auto industry in the second half of the 2020s.

PHEV 170
article thumbnail

Auto LPG could be a game changer in reducing emissions with appropriate fiscal incentives: IAC Director – ET Auto

Baua Electric

The disparity in GST rates between Auto LPG and EVs, which enjoy heavy subsidies, creates a financial barrier for consumers and businesses considering the switch to Auto LPG. his appeal, Gupta highlighted the substantial environmental and economic benefits that Auto LPG offers over traditional fuels. .

Auto 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Budget 2024: ‘Critical Mineral Mission’ to boost EV battery production – ET Auto

Baua Electric

In the interim budget, the Finance Minister had hinted about the GoI’s strategy to promote energy security in terms of availability, accessibility and affordability. This policy also includes technology development, skilled workforce, extended producer responsibility framework, and a suitable financing mechanism. on copper scrap.”

Auto 52
article thumbnail

Musashi appoints Naoya Nishimura as CEO for India, Africa region – ET Auto

Baua Electric

With his remarkable leadership and extensive background in Research & Development, Electrification and business expansion, he brings a fresh perspective to Musashi India’s vision of revolutionizing the auto industry with supreme quality products. Previously Naoya Nishimura was the global Chief R&D Officer at Musashi.

Africa 40
article thumbnail

Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

Well, America’s auto industry delivered over 100,000. That helped us become the world’s greatest industrial power. It helps that the auto industry will be building more efficient new vehicles. And magically, as more electricity comes from lower-carbon fuel sources, our cars will get cleaner as they get older!

Oil 252
article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Moreover, EVs are not only proving to be more robust amidst an auto industry in decline, but they are also already displaying some signs of recovery. Additionally, the European Investment Bank has doubled down on its commitment to the European EV battery industry to boost green recovery, committing more than €1B to financings in 2020.

Economy 52
article thumbnail

Will CARB’s New Rules Damage EV Startups?

Revenge of the Electric Car

Both cars will be subject to the new CARB rules, but GM and Toyota should have no problem affording the rigorous tests or financing the warranty requirements. Catalytic converters, along with so-called leak-proof emissions systems, are the primary reason why today’s cars are so much cleaner than those of several decades ago.

Prius 100