European automotive sector calls for vehicle renewal incentives to kickstart economic recovery after COVID-19; 25-point action plan

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Demand stimulus will boost the utilization of our manufacturing capacity, safeguarding jobs and investments. —Eric-Mark Huitema, Director General of ACEA, the automobile manufacturers’ association. The response to COVID-19 is having a major impact on the economy, with retail and manufacturing activity crippled without precedence and concerns mounting on consumer sentiment.

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Beijing Wont Restrict Auto Purchases to Deal With Growing Congestion

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According to the Beijing Municipal Commission of Development and Reform, the city will not take administrative measures to restrain residents from buying automobiles in order to deal with the growing congestion resulting from the increasing size of the city vehicle parc. automobiles for every 100 households in Beijing, taking the lead across the country. People’s Daily.

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Brookings analysts recommend against repeating cash for clunkers program in future recession

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jobs for each million dollars of program costs) than other fiscal stimulus programs, such as increasing unemployment aid, reducing employers’ and employees'' payroll taxes, or allowing the expensing of investment costs. While the program did accomplish both of its goals of stimulating the automobile market and decreasing carbon emissions, there are more cost effective policy proposals to achieve these objectives.

China Forecast to Produce 12M Vehicles This year

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The government’s stimulus plan for the auto industry formulated this year had achieved great success in terms of boosting domestic demand and ensuring the industry growth, he said at the on-going 2009 International Forum on Chinese Automotive Industry Development held in Tianjin. Sales of China’s domestically-made automobiles totaled 1.09 People’s Daily.

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Study Concludes Cash for Clunkers Program Is an Expensive Way to Reduce Carbon; Paying Nearly 10x the Projected Price of Carbon Credits

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The federal government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobile manufacturers and reduce greenhouse gas emissions. Knittel did not analyze the program’s other key objectives: stimulating the economy and providing relief for automobile manufacturers. do not discuss the merits of the program in terms of stimulus.

China Car Sales Likely Hit New Record in April

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Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 million units, according to estimates from the China Association of Automobile Manufacturers (CAAM). People’s Daily. Official figures for vehicle production and sales are scheduled for release next Monday. Assuming the CAAM figures are borne out by official data, April would be the fifth straight month of growth for the industry.

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MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems

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The expansion was supported by a $249 million federal stimulus US Department of Energy grant designed to accelerate the manufacturing and deployment of the next generation of batteries for plug-in hybrid and all-electric automobiles. The Massachusetts Clean Energy Center (MassCEC) has approved a $5-million forgivable loan for Li-ion battery manufacturer A123 Systems contingent on its hitting job creation and private investment milestones.

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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

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US-based electric vehicle provider ZAP and China auto manufacturer Zhejiang Jonway Automobile Co. Jonway currently manufactures several thousand units per month of its A380 compact SUV in 3- and 5-door models and is expanding its product line with new model sedans and other automobiles. In 2009, China overtook the United States as the world’s largest automobile market with sales increasing 46 percent from 2008 to 13.6 The Jonway A380. Click to enlarge.

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Hasner’s Florida State Electric Car Tax Break Gets Boost

Revenge of the Electric Car

The Legislature is taking a step toward giving a Sunshine State boost to the next generation of automobiles: electric-powered cars. The federal stimulus bill also provides a $7,500 tax credit for consumers who purchase plug-in vehicles. Florida House Majority Leader Adam Hasner. Josh Hafenbrack posts this informative entry covering the status of Hasner’s Florida State electric car tax break on the SunSentinel.com.

Hasner’s Florida State Electric Car Tax Break Gets Boost

Revenge of the Electric Car

The Legislature is taking a step toward giving a Sunshine State boost to the next generation of automobiles: electric-powered cars. The federal stimulus bill also provides a $7,500 tax credit for consumers who purchase plug-in vehicles. Florida House Majority Leader Adam Hasner. Josh Hafenbrack posts this informative entry covering the status of Hasner’s Florida State electric car tax break on the SunSentinel.com.

Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. As private companies, automobile manufacturers look for the lowest cost means of getting from A to B and the premiums that they can charge for getting from A to B faster. Perspective by The Townsend Company. RPS policies as of March 2011. Source: DSIRE. Click to enlarge.

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National Alliance for Advanced Transportation Batteries Opts for Kentucky Site for Li-ion Plant

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Under the federal stimulus plan, the Obama administration has set aside $2 billion for electric drive vehicle battery and component manufacturing projects. President Obama has specifically noted the importance of developing lithium-ion batteries to ensure that the United States plays a central role in producing the next generation of clean technology automobiles.

China on track for 12million vehicles

Green Cars News

This has been prompted by the government’s stimulus plan for the auto industry which has boosted domestic demand and ensured industry growth. Now sales of China’s domestically produced automobiles have totalled 1.09million units in July alone – that’s up 63.57 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.

NYC Goes EV

Revenge of the Electric Car

Last week, the Obama administration announced new fuel economy standards for automobiles that provides some incentives for electric cars. billion in stimulus grants to the industry. “We can see a role for more efficient vehicles in a New York City with vastly diminished automobile use.&#. This Tesla is one of a number of electric cars coming on the market. Will Electric Cars Give New York a Charge? by Lars Vercelli for the Gotham Gazette.

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Asia Poised For Hybrid Electric Growth

Hybrid SUV Blog

The biggest market growth sectors for the automobile industry is undoubtedly in Asia, with China spearheading this growth backed by government stimulus and a greater deal of control over the local market. Already breaking through the 20 million barrier, the China Association of Automobile Manufacturers expect sales to reach 25 million annually over the next couple of years.

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Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

GE: The global stimulus bellwether FORTUNE 500 Current Issue Subscribe to Fortune (Fortune Magazine) -- Warren Buffett is famous for his rules of investing: When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact. Wang entered the automobile business in 2003 by buying a Chinese state-owned car company that was all but defunct.

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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Most days, most cars are going to have lots of extra battery capacity,” said Mr. Kempton, noting that on average, American automobiles get driven for just one hour each day. Unfortunately, there is very little specific funding for wireless transmission in the stimulus bill that was just signed by the USA President. a key EARTH2TECH GE Looking to Tap $2 Trillion of Stimulus Spending DOT EARTH CO2 = Pollution.

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Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

E-mail This Print Share Close Linkedin Digg Facebook Mixx My Space Permalink Automobiles , Efficiency , Energy Business , Energy Politics , General Business , The Environment , Transportation , chevy , electric cars , General Motors , obama , volt Related Posts From Green Inc. Bob Lutz’s Latest Volt Test Drive Sprinting for Green Stimulus Dollars New Subsidies for Electric Cars in Britain Electric Car Makers: Oregon Wants You G.M.

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