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Chinese domestic auto makers were expected to produce and sell more than 8 million units of vehicles in first eight months this year respectively, said Chen Bin, director of the Department of Industry under the NDRC.
Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 Assuming the CAAM figures are borne out by official data, April would be the fifth straight month of growth for the industry. People’s Daily.
Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. CEO, Protean Electric and a 32-year autoindustry veteran responsible for the development and production of the GM EV-1.
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.
Ener1 said that customer interest in its lithium-ion batteries from all segments remained strong in spite of distress the autoindustry and current recessionary economic conditions. Net loss in 2008 was $43 million, compared to a loss of $51.7 million in 2007. Ener1 total assets are $142 million compared to $31 million in 2007.
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 Who will benefit?
“Contributing to the short-term over-capacity issue is that manufacturers rushed to build out capacity ahead of demand to (a) capture stimulus funding and (b) try to drive scale to reduce cost. “In the near-term, we expect to see some consolidation in the battery industry, with a few leaders taking the lead.
“Measures aimed at spurring innovations that will increase the electrification of road transportation, such as those announced today, are to be welcomed as extremely good news for the autoindustry as well as for society. .
Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the autoindustry. With all of the costs and capacity being wrung out of the system, the autoindustry may become spectacularly profitable as demand climbs back toward trend levels. Laura Marcero
billion invested in 180 green-technology companies. billion invested in 180 green-technology companies worldwide in the first quarter of 2010, according to a study by the Cleantech Group and Deloitte. China overtook the US last year as the largest auto market in the world. Chinese green-car subsidies on hold.
According to Knittel the results suggest that the programme is an expensive way to reduce carbon, although he does state that it is possible the stimulus benefits outweigh added environmental costs. So is this scheme green at all? Our verdict – green shoots should not be ignored. Faye Sunderland.
’s expertise on the autoindustry in general, we are concerned that in its understanding of future pathways, it offers a flawed analysis and predictions based on business-as-usual,&# notes a posting on the California Car Initiative’s Web site. Got a hot tip on breaking green news, or a suggestion for areas of coverage?
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.
The new administration’s stimulus package allots $2B for advanced batteries, $300M for federal and states fleets to buy new clean fuel vehicles and $7,500 tax rebate for PHEV, with yet more money in the Auto-Industry Re-tooling fund. No on has a lock on this future; everything is up for grabs.
The autoindustry is now gearing up to hash out those standards at the SAE conference in Detroit next week — and GM has a major stake in getting them out swiftly. OStatic] Nokia E71x Expected on May 4th: Here’s Reading Material Until Then [jkOnTheRun] Renewable Standards to Spur Moore’s Law for Cleantech?
Solar, Wind and Biofuels Grew 53 Percent in 2008 Green Education = Environmental Religion? Review of Forestry Carbon Standards 2008 Ford Partners to Commercialize Electric Vehicles A New "Green" Deal.Direction for the economic re. The Three Prongs of the “Green&# Energy Stimulus Pa. SZ (1) 6753.T
Fortunately for all of us, climate change guru, Joe Romm of Climate Progress, has already done the heavy lifting and outlined just how green and positive this new bill is. Read: Here’s What’s Green In It. Tax Incentives to Spur Energy Savings and Green Jobs. Consumers to Benefit from Tax Relief, More Green Jobs.
However, these results are being driven in part by elevated incentive levels, which represent a meaningful risk to the long-term health of the autoindustry. —Deirdre Borrego, senior vice president and general manager of automotive data and analytics at J.D. million units, up from 13.8 million units in November 2015.
Back in March-April when Covid hit the West hard, conventional punditry piped up its sorry head, saying EVs (and green policies in general) are a goner for 2020, probably also into 2021. France’s autoindustry is probably the largest Western autoindustry that goes completely under the radar in the US.
Moreover, EVs are not only proving to be more robust amidst an autoindustry in decline, but they are also already displaying some signs of recovery. In fact, this can already be observed by looking at the following actions that governments, industries, and consumers are taking around the world.
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