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IHS Markit: average age of cars and light trucks in US rises to 12.1 years

Green Car Congress

COVID-19 and its impact across the US caused a reduction in new vehicle sales as well as a sudden increase in vehicle scrappage, which was a catalyst for increased velocity in the growth of the average age of light vehicles. of VIO for the whole year. —Todd Campau.

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Reducing the cost of electric vehicles

Electric Vehicles India

The Government on 12th May 2021 approved a Production Linked Incentive (PLI) scheme for manufacturing of Advanced Chemistry Cell (ACC) in the country in order to bring down prices of batteries in the country. Also, read related article: Vehicle scrappage policy to reduce the cost of EVs says Nitin Gadkari. for a period of five years.

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Maharashtra unveils new EV Policy 2021 

Electric Vehicles India

Scrappage incentive. It is also providing a scrappage incentive of Rs 7,000 on offer. We also intend to make Maharashtra the top producer of battery-driven EVs in India in terms of annual production capability.” ” Also, read related article: Maharashtra new draft EV policy 2021 announced.

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Nikola Tre wins eligibility for $185k New York Truck Voucher Incentive

Teslarati

Nikola formally announced the Tre’s induction into the program on Thursday, stating that the NYTVIP provides discounts to fleets across New York State that purchase or lease any medium or heavy-duty zero-emission BEVs. The approval will qualify an up to $185,000 discount per unit, with a scrappage requirement.

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Manufacturers sign up for scrappage scheme

Green Cars News

We’re just days away from the full implementation of the vehicle scrappage scheme and several providers have announced their participation in the Government backed project. Volkswagen has also announced its scrappage scheme offers. The scrappage scheme comes into effect on May 18.

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Scrappage scheme could be popular than expected

Green Cars News

The scrappage scheme announced as part of the Budget last week, could be more popular than the government expects according to the Insistute of Fiscal Studies (IFS). While new cars have lower emissions per mile, they may be driven more and there are environmental costs associated with their production.

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Will the scrappage extension do any good? The Green Piece

Green Cars News

The UK’s car scrappage scheme may have been dubbed a resounding success by the majority of car manufacturers and consumers alike, but it hasn’t won plaudits from all corners. This is little more than a panicked way of propping up the industry as, given time; those cashing in the grants would most likely have bought the new car anyway.