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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. billion.

Motor 284
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Japanese automobile industry establishes joint Research Association of Automotive Internal Combustion Engines (AICE)

Green Car Congress

Through these initiatives, AICE will strive to realize the practical use of advanced technologies toward promoting the market introduction of higher-performance, more fuel-efficient and cleaner internal combustion engines.

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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. Germany’s VDA, an interest group for the country’s automobile industry, says that battery-powered vehicles are likely to see a decline from 524,000 units last year – more than any other European market – to 451,000 units this year.

Market 52
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Electric Last Mile Solutions announces long-term supply agreement with Wuling Motors

Green Car Congress

Electric Last Mile Solutions (ELMS), a designer of intelligent, e-mobility workstations for the last mile, signed a binding, long-term supply agreement with Liuzhou Wuling Automobile Industry Co., Urban Delivery is expected to enter the US market at a starting price of approximately $25,000, after incentives.

Miles 259
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Volkswagen Group and FAW to build 2 new vehicle plants in China; “Our most important market”

Green Car Congress

China has become our largest and most important market. Volkswagen has been active on the Chinese market for 30 years and is one of the Western pioneers of the automobile industry in the country. Together with its two joint ventures FAW-Volkswagen and Shanghai-Volkswagen, the Group delivered about 1.51

China 210
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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. However, the Southeast Asian market at home has recently become a new target for many car companies. A large market of 10 million vehicles.

Asia 97
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NHTSA to propose new fuel economy standards soon; 8% increase per year for MY 2024-2026

Green Car Congress

NHTSA’s proposal comes as the automobile industry is retooling future models in response to market demand for cleaner, more fuel-efficient vehicles.