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New report finds global CO2 vehicle emission reduction measures falter; dropping diesels, increasing SUVs

Green Car Congress

There are several reasons for these differences, including fuel prices, and average vehicle size. China saw new registrations of LDVs increase 17% per year in the period 2005 to 2017 while India saw an increase of 9% and Indonesia 7%. In contrast, the improvement of fuel use per kilometer in emerging economies accelerated to 2.3%.

Global 308
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

As the market matures, the industry is entering a phase marked by increased price competition and consolidation. At the start of 2023, PHEV subsidies were phased out, resulting in lower PHEV sales compared to 2022, and in December 2023, all EV subsidies ended after a ruling on the Climate and Transformation Fund.