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

Green Car Congress

The plan was issued by the four associations representing the full automotive supply chain: from equipment and tire suppliers, to vehicle manufacturers, to dealers and workshops (ACEA, CECRA, CLEPA and ETRMA). Demand stimulus will boost the utilization of our manufacturing capacity, safeguarding jobs and investments.

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China Forecast to Produce 12M Vehicles This year

Green Car Congress

China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). Sales of China’s domestically-made automobiles totaled 1.09 Sales of China’s domestically-made automobiles totaled 1.09 People’s Daily. million units in July, up 63.57

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

Green Car Congress

However, the cost of CO 2 reduced was comparable or lower than that achieved through less cost-effective policies such as the tax subsidy for electric vehicles, the analysis concluded. billion in vouchers; NHTSA concluded that the new vehicles purchased under the program averaged 24.9 l/100 km) averaged by the trade-in vehicles.

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Beijing Wont Restrict Auto Purchases to Deal With Growing Congestion

Green Car Congress

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. Around 41% of the vehicles were cars and 51% were motorcycles.

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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

Green Car Congress

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. However, the. pollutants.I Christopher R.

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Younger auto debtors falling additional in the back of

Baua Electric

The settingup of stimulus bills and debt forbearance techniques — specifically with pupil loans — stepped forward shopper credit score rankings, he stated. A buyer who defaults will flounder and most likely want to purchase a lower-priced automobile, he stated. “It seems logical,” Hoenig stated. .”

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China Car Sales Likely Hit New Record in April

Green Car Congress

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). Official figures for vehicle production and sales are scheduled for release next Monday. People’s Daily.