article thumbnail

Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. The three countries that do not apply CO2-based taxation are Estonia, Lithuania and Poland.

Motor 284
article thumbnail

BEV adoption reaches ‘tipping point’ in 31 countries: Bloomberg

Teslarati

Battery-electric vehicles (BEVs) have surpassed a tipping point of making up 5 percent of overall automotive sales in 31 countries, up from just 19 in 2022, according to data shared by Bloomberg last week. Norway, Iceland and Denmark led the BEV market share charts in Q4, with Sweden and Finland following behind.

Bulgaria 137
article thumbnail

ACEA: data show EU market for electric cars highly fragmented; need for inclusive measures

Green Car Congress

The European Automobile Manufacturers’ Association (ACEA) has published new data demonstrating the correlation between the market uptake of electrically-chargeable vehicles (ECVs) and both GDP and customer incentives. By contrast, almost half of all EU member states have an ECV market share of 0.5% ECV Units sold. GDP per capita.

Greece 150
article thumbnail

European car market logs best year for alternative fueled vehicles, lowest diesel share since 2001

Green Car Congress

The European car market remained stable during 2018, as 15.6 It was the best result since 2007, when the market peaked with 16.02 Strong results in Q2, where the market was up by 4.8%, and Q3, where the market was up by 1.1%, were enough to offset the large decline posted in Q4, where the market dropped by 7.5%

2001 207
article thumbnail

Ultracap-maker Skeleton Technologies closes additional €29M, bringing D round to €70.4M

Green Car Congress

In terms of commercialization, we have started with a relatively niche market of supercapacitors and are now moving to Superbatteries, covering the high efficiency, high power niche of the battery market. —Taavi Madiberk, CEO and co-founder of Skeleton Technologies. This additional internal funding follows the initial €41.3-million

Estonia 186
article thumbnail

ACEA: EU commercial vehicle registrations: down 23.2% in Q1 2020; -47.3% in March

Green Car Congress

Each vehicle segment was strongly affected by the fallout of the COVID-19 outbreak and all 27 EU markets recorded substantial declines last month. In the first quarter of 2020, the EU commercial vehicle market contracted by 23.2% In the first quarter of 2020, the EU commercial vehicle market contracted by 23.2% to 1,905 units.

2020 259
article thumbnail

Neo Performance Materials to acquire exploration license for rare earth element project in Greenland

Green Car Congress

Neo, through a special purpose entity (SPE), plans to explore and develop the Sarfartoq Project to diversify its global sourcing of rare earth ore further and to expand the rare earth supply chains that feed Neo’s rare earth separation facility in Estonia.

Estonia 195