article thumbnail

Groupe Renault changes China strategy: light commercial vehicles and electric passenger cars

Green Car Congress

Groupe Renault is setting a new strategy for China, based on Electric Vehicles (EV) and Light Commercial Vehicles (LCV). With 860,000 electric vehicles sold in China in 2019, China is by far the largest EV market in the world. EV sales are expected to reach 25% of the Chinese market by 2030. Chinese ICE passenger car market.

Light 378
article thumbnail

Average price of new light trucks in 2019 was 43% higher than average price of new cars

Green Car Congress

Prices for new light trucks—pickups, vans, and sport utility vehicles (SUVs)— averaged 43% more than new cars in 2019. From 1990 to 1995, cars had a higher average price than light trucks. Light trucks include classes 1-3. Prices are adjusted to account for inflation using the Consumer Price Index.

2019 243
article thumbnail

Nikkei: India passes Japan to become world’s No. 3 auto market in 2022

Green Car Congress

from 2021, according to data from the Japan Automobile Dealers Association and the Japan Light Motor Vehicle and Motorcycle Association. In 2021, China continued to lead the global auto market, with 26.27 Autos for the Indian market are seen having fewer semiconductors than those sold in advanced economies. million units.

India 218
article thumbnail

Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. Others likewise said that it should be the market driving EV sales, not pressure from the government.& Electric vehicles are exciting.

Dealers 105
article thumbnail

JRC publishes recommendation for the collection and recycling of light-EV batteries

Green Car Congress

A study recently published by the European Commission’s Joint Research Center assesses how best to identify at the European level an additional fifth category of batteries—those used for Light Means of Transport (LMT) such as e-bikes and similar new products—which would ensure their appropriate collection and recycling.

Light 199
article thumbnail

US used vehicle sales are more than double the number of new vehicle sales

Green Car Congress

In the US, the used light-duty vehicle market is more than twice the size of the new light-duty vehicle market for each year shown. Used vehicle sales include pre-owned vehicles sold by dealerships, franchises, independent used vehicle dealers, and private party transactions. Used vehicle sales for 2018 were 40.2

Sale 363
article thumbnail

Fisker pivots to hybrid strategy of direct sales plus dealer partners offering ‘no haggle pricing’

Baua Electric

has announced a new EV sales strategy that remains asset-light but can help boost sales of its flagship Ocean model. This morning, Fisker shared plans to adopt a network of approximately 100 dealer partners in addition to its direct sales model. Fisker Inc. Fisker Inc. ($FSR) Source: Fisker Inc. Fisker Inc.

Fisker 52