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CEO’s Take On 2024: Tech-driven auto industry targets to be smarter, greener, says Prashanth Doreswamy – ET Auto

Baua Electric

After two consecutive years of swift growth in the auto industry’s performance, what is your outlook for 2024? 2024 is likely to see the industry stabilize and return to normal. What are the key micro and macro indicators that will play an important role in shaping up the auto industry in 2024?

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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’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report.

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LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. Hyundai Motor Group is focusing on its electrification efforts to secure a leadership position in the global auto industry. billion in electric vehicle production.

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Lessons From Norway’s Journey To Becoming The Global Leader In EV Adoption

Wallbox

So how did this largely rural Scandinavian country become the global leader in EV adoption? In 1990, a CO2 tax was implemented and the country began to focus on establishing a greener transport system by promoting Norwegian EV production and adoption. Ever since, the Norwegian Government has sought ways to curb its emissions.

Global 83
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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

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 —Mark Wakefield, a director in AlixPartners’ Global Automotive Practice. million units in 2011 and only 13.6 million in 2012.

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Republicans introduce bill that would hand US EV lead to China

Baua Electric

Republicans have introduced a bill to eliminate the US EV tax credit in the Inflation Reduction Act, with the effect of slowing US progress on EV manufacturing, thus handing the lead in EV manufacturing to China. These credits were an extension and expansion of the $7,500 EV tax credit first introduced in 2008.

China 52
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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