article thumbnail

BYD chairman calls on China to extend NEV tax exemption until 2025

CN EV Post

Wang Chuanfu, chairman and president of BYD (OTCMKTS: BYDDY), suggested in an April 1 speech at the China EV 100 Forum that China should extend the NEV purchase tax exemption to 2025, hoping the move would be fast-tracked to stabilize expectations, according to a video replay seen by CnEVPost.

Tax 87
article thumbnail

Cummins India Q4 FY24 PAT up 76% to INR 562 cr – ET Auto

Baua Electric

Profit after tax at INR 562 crore was higher by 76% compared to the same quarter last year and higher by 23% compared to the previous quarter. Profit before tax at INR 701 crore was higher by 70% compared to the same quarter last year and higher by 16% compared to the previous quarter.

India 52
article thumbnail

Chevrolet makes Stop/Start standard on base 4-cylinder in 2015 Impala; 5% improvement in city fuel economy

Green Car Congress

liter ECOTEC engine, an addition that improves the vehicle’s city fuel economy by nearly 5%, or one mile per gallon. Impala with stop/start yields an EPA-estimated fuel economy of 22 mpg city (10.7 The technology helps improve the Malibu’s city fuel economy by 14%. engine with stop/start, and a premium 3.6L million in 2022.

article thumbnail

Kia goes full throttle on EVs despite demand concerns

Teslarati

During Kia’s CEO Investor Day event, the Asian carmaker announced plans to sell 3.2 Despite its EV goals, Kia’s parent company, Hyundai Motor Group, anticipates a slowdown in the global EV market until 2026 because of a sluggish economy, a reduction in EV subsidies, and a need to expand charging infrastructure.

Kia 113
article thumbnail

Global Fuel Economy Initiative Releases Roadmap Report on Achieving 50% Fuel Economy Improvement in LDV Fleet by 2050

Green Car Congress

The IEA and ITF have developed a range of projections of possible “business-as-usual” scenarios around this, indicating the potential for a doubling (or more) of vehicle kilometers travelled (VKT) combined with modest improvements in vehicle fuel economy. Vehicle taxes and incentives. Component standards, taxes and incentives.

article thumbnail

Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

Minerals and the materials derived from them are at the heart of energy transition strategies, and emerging markets and developing economies are the overwhelming providers. The LME events were a consequence of positions taken by Tsingshan based on expectations of falling prices.

China 416
article thumbnail

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. In the event of a future economic recession, we would not recommend repeating the CARS program. miles per gallon (9.4 l/100 km), compared to the 15.8