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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.

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Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

Green Car Congress

In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Under the forecast, China will thus represent 26% of global auto sales in 2015. million units sold, according to the report, or 46% of global auto sales.

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India’s automotive aftermarket is likely to grow to USD 14 billion by 2028: ACMA-E&Y study  | Autocar Professional

Baua Electric

India, being the third-largest automobile market in the world in terms of sales and the largest manufacturer of two-wheelers and tractors, augurs well for aftermarket growth. The research that covered 39 countries identified the top ten international markets where it sees a combined export potential of over USD 35 billion by 2028.

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Mercedes-Benz will be producing 8 all-electric EQ models in 2022

Green Car Congress

Factory 56 embodies the future of production at Mercedes-Benz and sets new standards for automobile construction. This is possible because the company made early investments worldwide in flexibility and technical equipment with future-oriented Industry 4.0 The smart EQ fortwo (combined power consumption: 16.5

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What Part Do EVs Play in the Federal Net-Zero Emissions Target?

Clean Fleet Report

Are electric vehicles (EVs) the answer to the automobile industry’s role? EVs are becoming more commonplace–setting a record for sales in 2023 What Is the Federal Net-Zero Emissions Target? For example, Poland, Belarus and Serbia have committed to 2030 net-zero emissions to increase sustainability. While the U.S.

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COP26 declaration on accelerating the transition to 100% zero emission cars and vans

Green Car Congress

Signatories by category: Governments: Austria; Azerbaijan; Cambodia; Canada; Cape Verde; Chile; Croatia; Cyprus; Denmark; El Salvador; Finland; Iceland; Ireland; Israel; Lithuania; Luxembourg; Netherlands; New Zealand; Norway; Poland; Slovenia; Sweden; United Kingdom. The declaration is not legally binding and is focused on a global level.

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Study finds that EV-specific factors rather than socio-demographic variables better predictors of EV uptake

Green Car Congress

This, they suggest, could be because national EV markets were so small relative to overall automobile sales. Thirdly, due to the constantly evolving environment during the emergence of a radical innovation, industrial dynamics may change from year to year. —Sierzchula et al.