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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 billion (US$32 million) left of the ¥274.7 billion (US$3.5 billion) allocated for the program.

Japan 247
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Annual investment in the global renewables industry had grown from $16.5 by Bill Cooke. Billion vs. $28.3

Financing 150
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China on track for 12million vehicles

Green Cars News

A report in the People’s Daily quotes Chen Bin, director of the Department of Industry under the NDRC, as stating that Chinese car manufacturers were originally expected to produce and sell more than eight million units of vehicles in the first eight months of the year. Tags: Cars Green cars Latest news.

China 36
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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
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When Will EVs Hit Primetime?

Revenge of the Electric Car

Similarly, in China, the sheer size of the auto industry and the country’s ambitious clean-energy goals suggest a potentially huge market for electric cars. In March, BYD chief executive officer Wang Chuanfu announced that in the first half of 2010 the company will sell only 100 e6 cars, to a taxi company in Shenzhen.

China 133
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Scrappage scheme could be popular than expected

Green Cars News

Thomas Crossley, a programme director at IFS, commented: “The Government’s car scrappage scheme will offer a £2,000 discount to people who scrap a licensed car that is at least 10 years old and purchase a new vehicle by March 2010. As fiscal stimulus, this measure benefits one industry.

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Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

With payments of up to $4,500 for motorists willing to swap their ageing gas guzzling vehicles for more fuel efficient ones, it seemed like a ‘can’t lose’ scheme with consumers getting cheaper cars, the automotive industry enjoying more sales and the environment boosted by a reduction in harmful emissions.