article thumbnail

Beijing Wont Restrict Auto Purchases to Deal With Growing Congestion

Green Car Congress

The ministry attributed the rapid rise in vehicle numbers to the government’s stimulus policies, which included lower taxes on small-displacement automobiles, subsidies to replace old vehicles and subsidies to farmers buying vehicles. A total 16.7 Around 41% of the vehicles were cars and 51% were motorcycles.

Purchase 210
article thumbnail

China Forecast to Produce 12M Vehicles This year

Green Car Congress

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. Sales of China’s domestically-made automobiles totaled 1.09 million units in July, up 63.57

China 218
article thumbnail

IHS Markit: global auto sales to drop 22% this year

Green Car Congress

Impacts to global auto demand in the wake of COVID-19 have rapidly progressed to severity levels higher than the 2008-2009 recession, and significant uncertainty around prospects for a meaningful recovery remain. —Colin Couchman, executive director, global autos demand forecasting at IHS Markit. million units. million units.

Global 150
article thumbnail

Cummins Westport Inc. and Cummins India Ltd. Receive Order for 460 Natural Gas Engines

Green Car Congress

The Government of India unveiled a transport stimulus package on 3 February 2009 to provide central funding to purchase buses for urban transport systems. Approximately 60,000 auto rickshaws in New Delhi, India were required to convert to compressed natural gas (CNG) for fuel.

India 186
article thumbnail

China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. People’s Daily.

article thumbnail

Chrysler Disbands ENVI Electric Vehicle Group; Function Absorbed into Traditional Line Organization

Green Car Congress

At the North American International Auto Show in January 2009, Chrysler had introduced two new EV concepts and updates on three earlier EV concepts developed by the ENVI group. Reuters reports that Chrysler has disbanded its ENVI team, formed in 2007 to bring electric-drive vehicles and related advanced-propulsion technologies to market.

Chrysler 210
article thumbnail

China’s economic stimulus to spark robust copper consumption in 2024 – ET Auto

Baua Electric

New Delhi: China is expected to amplify its stimulus efforts next year, potentially boosting demand for metals, with copper consumption forecasted to rise, the Commodity Outlook Report 2024 by ICICIDirect said in a report.