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. The top 5 countries with the highest motor tax revenues are: Germany ? United Kingdom ?

Motors 284
article thumbnail

JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

And unlike previous recessions, we’re not just dealing with people’s fears or purchase delays. Markets were significantly hit in Italy, France, Spain, Austria, Ireland, Slovenia, Greece and Portugal, where the combined volume fell from 634,600 units in March 2019 to 161,800 units last month. —Felipe Munoz, JATO’s global analyst.

Europe 261
article thumbnail

ACEA: data show EU market for electric cars highly fragmented; need for inclusive measures

Green Car Congress

The European Automobile Manufacturers’ Association (ACEA) has published new data demonstrating the correlation between the market uptake of electrically-chargeable vehicles (ECVs) and both GDP and customer incentives. United Kingdom. Lowest ECV market share in EU in 2016. ECV Units sold. GDP per capita.

Greece 150
article thumbnail

Zomato, Kotak Mahindra and Gogoro join hands to advance the ownership of EVs

Electric Vehicles India

KMPL provides loans for the purchase of new and used cars, commercial vehicles, and construction equipment. The company also offers inventory funding to dealers and has tie-ups with several automobile manufacturers for providing financing options to their customers.

Taiwan 88
article thumbnail

The European electric vehicle market continues to grow

Setec Powerr

By 2020, Germany, France, Italy, Spain, the United Kingdom, and other European countries have launched automotive industry demand stimulation measures to provide subsidies for the purchase of electric vehicles, which has given a strong impetus to the growth of electric vehicles sales.

article thumbnail

Peugeot Signs EV Partnership LOIs with Veolia and Greenwheels; Peugeot and Greenwheels Join the European EVA Project

Green Car Congress

At the Brussels Motor Show, Peugeot signed two Letters of Intent (LOI) agreements with Veolia and Greenwheels concerning the purchase of electric vehicles and the development of mobility services. to 3% of the passenger vehicle market, including all types and all marques, in Europe by 2015.

i-MiEV 186
article thumbnail

Criticism for Korean green car support

Green Cars News

Drivers will benefit whether they pick up one of the locally made vehicles such as Hyundai’s Avante LPI or Kia’s Forte Hybrid - or whether they purchase a hybrid car from overseas manufacturers such as Toyota and Honda.