Green Car Congress

JANUARY 8, 2010

The ministry attributed the rapid rise in vehicle numbers to the government’s stimulus policies, which included lower taxes on small-displacement automobiles, subsidies to replace old vehicles and subsidies to farmers buying vehicles. A total 16.7 Around 41% of the vehicles were cars and 51% were motorcycles.

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Purchase Stimulus Auto Automobile 210

Green Car Congress

SEPTEMBER 6, 2009

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. In January, China cut the purchase tax on passenger cars to 5% for models with engine displacements of less than 1.6

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China Stimulus Vehicles Automobile Manufacturer 218

Green Car Congress

MAY 7, 2009

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 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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Stimulus Package China Sale Minivan 150

Green Car Congress

JANUARY 1, 2011

Deutsche Bank’s China Auto analyst, Vincent Ha, continues to see robust light vehicle sales over the next few years, with a slow to about 11% YoY growth in 2011 (due to a high base from the 2010 surge, and reductions in government stimulus), followed by sustainable low double digit growth in 2012. He also believes that sub-1.6L

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Transportation Gasoline Lithium Ion Gasoline-Electric 250

Get Electric Vehicle

MAY 25, 2021

The main reasons for global automotive sales drop are, The purchasing power of consumers decreased. One of the key drivers driving the market’s growth is favorable government policies and funding in the form of incentives and grants, tax rebates, and other non-financial advantages such as carpool lane access.

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Market Global Purchase CO2 52

Green Cars News

SEPTEMBER 6, 2009

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

China Stimulus Vehicles Automobile Manufacturer 36

Green Car Congress

MARCH 14, 2009

Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the auto industry. The rewards for successful execution will be great. Laura Marcero

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Grant Supplies Auto Industry Industrial 150