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.

Ricardo responds to electric drive stimulus package

Green Cars News

The company’s CEO Dave Shemmans described the Recovery Act funding as a “welcome stimulus&# and said it should provide some much needed and far-sighted direction that other countries may wish to emulate. “If the history of previous downturns holds any lessons for us, it is that as an industry we must not lose sight of the importance of research, development and product innovation,&# he said.

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China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 Assuming the CAAM figures are borne out by official data, April would be the fifth straight month of growth for the industry. China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. People’s Daily.

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China Forecast to Produce 12M Vehicles This year

Green Car Congress

Chinese domestic auto makers were expected to produce and sell more than 8 million units of vehicles in first eight months this year respectively, said Chen Bin, director of the Department of Industry under the NDRC. percent from a year earlier, the fifth month in a row that saw auto sales exceed one million units, according to the China Association of Automobile Manufacturers. People’s Daily.

2009 191

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

In order to envision what may lie ahead, it’s key to understand how the EV industry was evolving up until the novel Coronavirus outbreak. The ongoing COVID-19 pandemic has slowed down the world as we know it and the automotive industry is no exception.

Greenius Is Fired Up Over Obama’s Green Economic Recovery Bill!

Creative Greenius

And for those of us who believe that the future of the auto industry involves a plug and a battery - Plug In America just released their press release with the following headline: Plug In America Hails Plug-in Electric Car Aid in Stimulus Bill. The coal industry is about to get what’s coming to them and not a moment too soon. President Obama Steps Up To Save The Economy & The Climate While Republicans No Longer Relevant.

2009 150

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. CEO, Protean Electric and a 32-year auto industry veteran responsible for the development and production of the GM EV-1. Boston-Power, Inc.,

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

“Contributing to the short-term over-capacity issue is that manufacturers rushed to build out capacity ahead of demand to (a) capture stimulus funding and (b) try to drive scale to reduce cost. Companies that can financially sustain themselves through the EV ramp will succeed in the long run, assuming that they have the technology and auto industry credibility. Installed revenue by ESG technology, worldwide. Click to enlarge.

2011 200

Goodbye GM, Hello Tianjin-Qingyuan Electric Vehicle Company?

Plugs and Cars

I write a monthly column for the Electric Auto Association newsletter, Current EVents. And these days a billion dollars is barely a rounding error in the money going to prop up the American auto industry. But other cars, including the MINI E, will be out and about soon, and stimulus money abounds, so the question of public EV infrastructure is much discussed. Here's my April column.

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When Will EVs Hit Primetime?

Revenge of the Electric Car

Despite a surge in interest, electric cars may remain niche products in the world’s two largest auto markets. Similarly, in China, the sheer size of the auto industry and the country’s ambitious clean-energy goals suggest a potentially huge market for electric cars. China overtook the US last year as the largest auto market in the world. Still, Chinese auto-makers hesitate to mass-market their electric models domestically.

2010 122

Will Obama’s billions jumpstart the electric car? The Green Piece

Green Cars News

If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I So will his billions rejuvenate the American auto industry and put it back on top of the motoring world as it enters a new era?

2009 46

China on track for 12million vehicles

Green Cars News

A report in the People’s Daily quotes Chen Bin, director of the Department of Industry under the NDRC, as stating that Chinese car manufacturers were originally expected to produce and sell more than eight million units of vehicles in the first eight months of the year. This has been prompted by the government’s stimulus plan for the auto industry which has boosted domestic demand and ensured industry growth.

Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

Suppliers struggled to make money when industry volumes were almost double what they are today, and the consolidation that has occurred has been happening mostly among smaller companies at the lower tiers. To right-size capacity levels and promote a viable industry, we believe 30 to 40 percent of all suppliers are at risk due to the necessary alignment of capacity with demand, which should stabilize in the 12 to 14 million-unit range by 2010-2011.

2009 150

J.D. Power, LMC: new vehicle sales in US slide again, 6th time this year

Green Car Congress

However, these results are being driven in part by elevated incentive levels, which represent a meaningful risk to the long-term health of the auto industry. The level of uncertainty in the market is high, but thus far the financial markets have shrugged off adverse policy risk related to trade and immigration under President-elect Trump and are expecting a fiscal stimulus boost that could spill over to autos.

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The Race to Plug-In Hybrids Is On

Green Cars News

A powerful roster of key industry players in the rapidly evolving electric vehicle arena will come together at Infocast’s Opportunities in Grid-Connected Mobility in San Francisco, California. The new administration’s stimulus package allots $2B for advanced batteries, $300M for federal and states fleets to buy new clean fuel vehicles and $7,500 tax rebate for PHEV, with yet more money in the Auto-Industry Re-tooling fund.

2009 37

Smart Meters and Electric Cars

Revenge of the Electric Car

Automakers unveiled more than a dozen production-ready, plug-in electric and hybrid electric vehicles at the Detroit auto show earlier this month, many of which will be on dealership lots between 2010 and 2012. So instead, Edison and auto manufacturers are turning to “smart metering&# technologies. The economic stimulus package currently before Congress could include incentives for both buyers of electric vehicles and electric vehicle battery manufacturers.

2009 116

GM: Let's Hash Out Open Plug-In Car Standards

Tony Karrer Delicious EVdriven

The auto industry is now gearing up to hash out those standards at the SAE conference in Detroit next week — and GM has a major stake in getting them out swiftly. Email « Daily Sprout GE Looking to Tap $2 Trillion of Stimulus Spending » Leave a reply Name (required) Email (required, will not be published) Website Notify me of follow-up comments via email.

2009 35

2020 Top 10 Countries in the Global EV Revolution

EV Sales

Since the general auto market remained slumped, global EV market share increased nicely from 2.8% France’s auto industry is probably the largest Western auto industry that goes completely under the radar in the US.

2020 52

Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

With payments of up to $4,500 for motorists willing to swap their ageing gas guzzling vehicles for more fuel efficient ones, it seemed like a ‘can’t lose’ scheme with consumers getting cheaper cars, the automotive industry enjoying more sales and the environment boosted by a reduction in harmful emissions. Though the scheme proved so popular that the initial $1billion set aside for it ran out last month, auto sales only rose by 2.4

The electric car and grid parity - OregonLive.com

Tony Karrer Delicious EVdriven

The state of Michigan, which has seen its economy decimated by the collapse of the gas-powered auto industry, is pouring incentives into the alt-car market.

Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

’s expertise on the auto industry in general, we are concerned that in its understanding of future pathways, it offers a flawed analysis and predictions based on business-as-usual,&# notes a posting on the California Car Initiative’s Web site. Bob Lutz’s Latest Volt Test Drive Sprinting for Green Stimulus Dollars New Subsidies for Electric Cars in Britain Electric Car Makers: Oregon Wants You G.M.

2009 37

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

The Three Prongs of the “Green&# Energy Stimulus Pa. V2G helps solve the major problem that demand for electricity is high during the day when everything from industrial plants to air conditioning is running full blast and then excess electricity is wasted at night. Recent announcements demonstrate that electric utilities and some auto makers want to make V2G a reality.

2009 28