article thumbnail

Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. This just goes to show the sheer scale of the importance of the automobile industry to Europe. billion.

Motor 284
article thumbnail

Much Awaited Electric Cars Sales Report – Feb’ 23

Electric Vehicles India

With the advent of battery technology, the automobile industry is shifting towards electric vehicles from the gasoline ones. In the recent years, India has manufactured numerous electric vehicles with various features and the sales of those showed a great surge. 56 MG Motors 345 425 38 807.89 -19 BYD India 228 132 12 1800.0

Sale 89
article thumbnail

Sony and Honda sign MOU to create JV to develop and sell EVs and mobility services; first model on sale in 2025

Green Car Congress

Sony Group Corporation and Honda Motor signed a memorandum of understanding that outlines their intent to establish a joint venture through which they plan to engage in the joint development and sales of high value-added battery electric vehicles (EVs) and commercialize them in conjunction with providing mobility services.

Honda 150
article thumbnail

Nidec to form electric traction motor JV with a subsidiary of Guangzhou Automobile Group

Green Car Congress

Leading motor manufacturer Nidec Corporation will form a joint venture with GAC Components Co., a member of China-based Guangzhou Automobile Group Co., to manufacture automotive traction motors. Nidec’s fully integrated automotive traction motor system E-Axle (announced in April 2018). Nidec in-wheel motor.

article thumbnail

Hyundai invests more in Georgia to produce hybrids

Teslarati

Hyundai Motor Co. Hyundai moves up production start date at Georgia Metaplant In the first quarter, Hyundai Motor reported an operating profit of over 3.5 billion), and sales reached a record high of over 40 trillion won (US$29 billion). Hyundai’s Georgia Metaplant was supposed to be a dedicated factory for EV production.

Georgia 106
article thumbnail

FY2024 India auto sales rise 12% to 23.85 million units | Autocar Professional

Baua Electric

The Indian automobile industry has wrapped up FY2024 with total wholesale vehicle dispatches of 23.85 FY2019 had seen all four vehicle segments – passenger vehicles, commercial vehicles, two- and three-wheelers – hit record highs, which had contributed to the mega sales. million UV sales in FY2024. First the good news.

India 52
article thumbnail

Electric vehicles sales, transportation & policy initiatives 

Electric Vehicles India

Electric vehicles sales, transportation & policy initiatives . Today in this article we will see the sales of electric vehicles under the FAME II scheme and overall sales. Today in this article we will see the sales of electric vehicles under the FAME II scheme and overall sales. per cent sales decline.