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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). In January, China cut the purchase tax on passenger cars to 5% for models with engine displacements of less than 1.6 People’s Daily. million units in July, up 63.57

China 218
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This is How the COVID-19 Pandemic Affect The Global EV Market

Get Electric Vehicle

One of the key drivers driving the market’s growth is favorable government policies and funding in the form of incentives and grants, tax rebates, and other non-financial advantages such as carpool lane access. Nurturing environment and related infrastructure. Now let us look a little deeper into those major factors one by one.

Market 52
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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. But in today’s environment, this practice has been overwhelmed by the sheer number of at-risk suppliers. Announcing new downtime on a week’s notice is turning the suppliers inside out.

Grant 150
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Major study concludes achieving EU 2050 transport decarbonization goals will require portfolio of advanced powertrains; fuel cells, battery-electric and plug-in hybrids

Green Car Congress

Over the next 40 years, the study found, no single powertrain satisfies all key criteria for economics, performance and the environment. The TCOs of all four powertrains is expected to converge after 2025—or earlier, with tax exemptions and/or incentives during the ramp-up phase. Resources.

Plug-in 244
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Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Cleantech Blog Cleantechblog.com, the premier cleantech site for commentary on news and technology relating to clean tech, greentech, energy, climate change and carbon, and the environment. The Three Prongs of the “Green&# Energy Stimulus Pa. The Appraisal 2010 Prius Delivers Record Mileage and Accelerates. SZ (1) 6753.T

Grid 28
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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Amidst the COVID-19 pandemic, several conflicting reports about the future of EVs have emerged: some predict EVs to grow by 38% year-over-year, while others forecast a 43% drop. Silent engines, positive impact on the environment, and decreased fuel costs are all reasons for this transition to EVs.

Economy 52