Remove Automobile Manufacturer Remove Cars Remove Forecast Remove International
article thumbnail

Forecast: Indias car sales to surpass 2.6M units; more affordable small cars and new demand

Green Car Congress

A Business Monitor International (BMI) report forecasts that car sales in India will surpass 2.6 million units by the end of 2010, fuelled by an increasing number of affordable small cars and demand from less penetrated segments, such as rural areas. While BMI forecasts growth of 17.4%

India 199
article thumbnail

China Forecast to Produce 12M Vehicles This year

Green Car Congress

China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). Sales of China’s domestically-made automobiles totaled 1.09 In January, China cut the purchase tax on passenger cars to 5% for models with engine displacements of less than 1.6

China 218
article thumbnail

The unedited numbers at the microchip dearth: Outlook improves

Baua Electric

As disruptive as the worldwide provide shortages of microchips proceed to be for auto manufacturing schedules, the outlook simply brightened a notch. AutoForecast Answers, which has tracked misplaced automobile manufacturing weekly because the chip dearth started in 2021, has diminished its estimate for overall 2023 manufacturing unit cuts.

article thumbnail

The unedited numbers at the microchip lack: outlook improves

Baua Electric

As disruptive as the worldwide provide shortages of microchips proceed to be for auto manufacturing schedules, the outlook simply brightened a notch. All past lengthy, the company has held to a forecast of two.8 8 million misplaced automobiles globally for 2023. It has now diminished that estimate to two.6

article thumbnail

ACEA says that without improved conditions, unlikely full potential of e-mobility will be met; need for standards, coordinated approach to incentives, R&D support; 2–8% market penetration for next decade

Green Car Congress

The European Automobile Manufacturers’ Association (ACEA) is warning that under current conditions, it is unlikely that the full potential of e-mobility will be met. Jaguar Land Rover, PSA Peugeot Citroën, Renault Group, Toyota Motor Europe, Volkswagen Group, Volvo Cars, Volvo Group.

article thumbnail

NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

However, some internal combustion engine automakers then began offering steep discounts, and a wave of price cuts quickly swept through the industry. percent from February, according to data released by the China Passenger Car Association (CPCA) on April 10. percent year-on-year and 23.6 percent from a year earlier and up 14.3

Price 141
article thumbnail

Bain: Germany’s goal of 1M electric cars by 2020 is unattainable; fewer than 50,000 units on road by end of this year

Green Car Congress

The German Federal Government plan to have one million electric cars on its roads by 2020 has failed, according to the analysis of international management consulting firm Bain & Company. In 2014, Germany had only about 26,000 pure electric cars and plug-in hybrids registered. Expansion vehicle range.

2020 150