Remove Automobile Industry Remove Europe Remove Manufacturer Remove Sale
article thumbnail

Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. This just goes to show the sheer scale of the importance of the automobile industry to Europe.

Motor 284
article thumbnail

New report released by UK House of Commons calls for advancing date for end of sale of conventional cars to before 2040

Green Car Congress

Bring forward the date by which manufacturers must end the sale of conventional gasoline and diesel cars to before 2040 in line with more ambitious commitments from around the world. We expect the Government to then require manufacturers to end the sale of conventional petrol and diesel vehicles by this earlier date.

Pollution 170
article thumbnail

GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. Click to enlarge. —Yu Jun, General Manager of GAC Motor.

article thumbnail

Toyota to launch two new plug-in hybrid models in China; Corolla and Levin

Green Car Congress

Levin Hybrid (left) and Corolla Hybrid (right) introduced at the 16th Shanghai International Automobile Industry Exhibition in 2015. Later, the establishment of Toyota Motor Engineering & Manufacturing (China) Co., At present, it is available in models sold in Europe and Japan. Click to enlarge.

Plug-in 150
article thumbnail

Toyota keeps world’s top-selling automaker crown in 2023, sells 1.12 crore cars

Baua Electric

Read more Toyota held the pole position in global passenger vehicle sales hart in 2023, while BYD grabbed the top spot in global electric car sales pushing Tesla to second position. With this, the auto manufacturer became the world’s top car manufacturer for a fourth consecutive year. lakh units. per cent to 1.12

Toyota 52
article thumbnail

Europe’s biggest EV market is about to hit a perfect storm of problems

Baua Electric

Germany is Europe’s biggest auto market, and it’s been one of the main drivers of EV growth. But now that is expected to change course, as EV sales are projected to drop – by 14% – for the first time in eight years.

Market 52
article thumbnail

EU reaches compromise on 2035 new ICE vehicle ban

Teslarati

According to Automotive News Europe’s contact with European leaders, there will be many caveats introduced to the new proposal that will head to negotiations between the European Commission and the EU Parliament: First and most prominently, the 2035 new ICE vehicle ban will remain. Lawmakers also hope this will limit market speculation.