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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.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the auto industry.

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UKH2Mobility interim report finds potential for 1.6M hydrogen-powered vehicles on UK roads by 2030, with annual sales of 300K units

Green Car Congress

million hydrogen-powered vehicles could be on UK roads by 2030, according to interim Phase I findings of the UKH 2 Mobility project, a joint Government-industry to evaluate the potential for hydrogen as a fuel for Ultra Low Carbon Vehicles in the UK before developing an action plan for an anticipated roll-out to consumers in 2014/15.

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LIVE BLOG: Tesla (TSLA) Q1 2021 earnings call summary

Teslarati

Tesla also did not provide a specific forecast for 2021’s vehicle deliveries. But considering the ongoing supply challenges, this may not be a bad strategy at all. 14:50 PT – Zachary Kirkhorn explains the Model S and Model X delays, noting that the delays are a meaningful headwind for the company’s finances.

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Electric vehicles trends in India

Electric Vehicles India

The Indian Electric Vehicle Market was valued at USD 5 billion in 2020, and it is expected to reach USD 47 billion by 2026, registering a CAGR of above 44% during the forecast period (2021-2026). To develop e-mobility Rs 12 crore has been given as ‘e-mobility fund,’ which is used for the tax subsidy to 10,000 electric autos.

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Battery metal price plunge is closing mines and stalling deals – ET Auto

Baua Electric

The turmoil is likely to have long-term ramifications for supply, and stands in stark contrast to the growing emphasis by governments on securing future access to critical minerals. Now, carmakers are getting cold feet and abandoning deal discussions, according to mining investment bankers and industry executives. Chemaf Resources Ltd.

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