Remove Auto Remove Green Cars Remove Purchase Remove Stimulus
article thumbnail

China on track for 12million vehicles

Green Cars News

This has been prompted by the government’s stimulus plan for the auto industry which has boosted domestic demand and ensured industry growth. per cent compared to a year earlier and the fifth month in a row during which auto sales exceeded one million units according to the China Association of Automobile Manufacturers.

China 36
article thumbnail

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

Green 51
article thumbnail

When Will EVs Hit Primetime?

Revenge of the Electric Car

Can electric cars break out of niche status in US, China market? Despite a surge in interest, electric cars may remain niche products in the world’s two largest auto markets. China overtook the US last year as the largest auto market in the world. Chinese green-car subsidies on hold.

China 133
article thumbnail

Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

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 According to Knittel the results suggest that the programme is an expensive way to reduce carbon, although he does state that it is possible the stimulus benefits outweigh added environmental costs.