Remove Green Cars Remove Industrial Remove Stimulus Remove Vehicles
article thumbnail

Japan ends subsidy program for green car purchases

Green Car Congress

Japan has decided to end a government subsidy program to encourage purchases of environmentally friendly cars as funds dwindle. According to the Ministry of Economy, Trade and Industry, the government only has ¥2.5 The subsidy was supposed to be eligible for vehicles registered as new cars between Dec. billion (US$3.5

Japan 247
article thumbnail

Ricardo responds to electric drive stimulus package

Green Cars News

Ricardo, one of the leaders in the development of electric and hybrid vehicles, has welcomed President Obama’s announcement of $2.4billion in grants to accelerate the manufacturing and deployment of the next generation of US batteries and electric vehicles.

article thumbnail

Can green cars solve automotive crisis? The Green Piece

Green Cars News

With few of us having the cash or credit to buy an expensive new addition, the bottom seems to have fallen out of the automotive industry which has been plunged into crisis. It seems a spark is needed to get us back to the showrooms – so are the leading manufacturers right to put their faith in green cars? Averting a slump.

article thumbnail

Global auto industry receives $44 billion for greener cars

Green Cars News

The global automotive industry is receiving close to US$44 billion from governments around the world to develop alternative fuel technologies, analysts at Deloitte reveal. The market for alternative fuel vehicles is being strongly supported economic stimulus packages and other government programs in at least 13 markets.

article thumbnail

China on track for 12million vehicles

Green Cars News

If you’re still not taking China’s push to become a major automotive power seriously, then this statistic is sure to give you food for thought: according to an official with the National Development and Reform Commission (NDRC), the country is on track to produce a record 12million vehicles this year.

China 36
article thumbnail

Will Obama’s billions jumpstart the electric car? The Green Piece

Green Cars News

If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I

Green 51
article thumbnail

When Will EVs Hit Primetime?

Revenge of the Electric Car

car’s introduction. If electric cars can’t break out of niche status in. the world’s two largest passenger car markets, then a transition away from. gasoline-powered vehicles could be delayed. likely to be frustrated by the lack of available cars. Chinese green-car subsidies on hold.

China 133