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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 stimuluspackages and other government programs in at least 13 markets.
“There is the technology, there is the market, but there is a bigger question than that: it’s also very much about connecting to the nation’s (electrical) grid and where the electricity comes from.&#. “The autoindustry is aligned, the public is aligned, even the president is aligned. .
The new administration’s stimuluspackage 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. Marketing consulting by ACS. And for this ecosystem to be robust, there must be commonality, especially when owners are plugging into the electrical grid.
Then… instead of grinding to a halt, EV sales in most leading markets roared out of the first lockdown with such ferocity, that it made up all the deficit and then some, stopping the dials on 3.1 Since the general automarket remained slumped, global EV market share increased nicely from 2.8% in 2019 to 4% in 2020.
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