Remove Industrial Remove Production Remove Scrappage Remove Tax
article thumbnail

Scrappage Policy in India: Will It Boost EV Adoption?

Get Electric Vehicle

The Voluntary Vehicle Fleet Modernisation Programme, often known as the vehicle scrappage program, was launched on August 13 by Prime Minister Narendra Modi. . The Vehicle Scrappage Policy’s Highlights. Since the second part of 2019, the Indian car industry has been in turmoil. Scrappage Policy and EV Sector.

article thumbnail

Reducing the cost of electric vehicles

Electric Vehicles India

The Government on 12th May 2021 approved a Production Linked Incentive (PLI) scheme for manufacturing of Advanced Chemistry Cell (ACC) in the country in order to bring down prices of batteries in the country. MoRTH issued a notification advising states to waive road tax on EVs, which in turn will help reduce the initial cost of EVs.

Cost Of 101
article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

in 2014 as a result of industrial overcapacity and weakness in the real estate sector. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% million units.

2015 150
article thumbnail

UK unveils new plan to cut NO2; sale of new conventional gasoline and diesel cars to end by 2040; focus on local action

Green Car Congress

290M – National Productivity Investment Fund. billion) in lost productivity in 2012. A £40-million [US$52 million] Clean Bus Technology Fund grant scheme—part of a £290-million [US$378 million] National Productivity Investment Fund announced in the Autumn Statement—to limit emissions from up to 2350 older buses.

Gasoline 150
article thumbnail

Can green cars solve automotive crisis? The Green Piece

Green Cars News

With few of us having the cash or credit to buy an expensive new addition, the bottom seems to have fallen out of the automotive industry which has been plunged into crisis. Late last week Japanese automotive giant Nissan unveiled its first production ready electric car – the Nissan LEAF (pictured). Faye Sunderland.

article thumbnail

Can the UK lead the green car charge? The Green Piece

Green Cars News

Having already adjusted its road tax system to penalise the heaviest polluters and introduced congestion charges; the Government created a vehicle scrappage scheme earlier this year meant to help more motorists make green choices while boosting the automotive sector. Now it seems that its efforts have been rewarded. Our verdict….

article thumbnail

Drive Electric Submission on the Emissions Reduction Plan Discussion Document

Drive Electric

EVs are a technology that are now proven, are increasingly price competitive, and will be the future of the automotive industry. per cent of the world’s car production annually, so securing new and used inventory is extremely possible. It’s also worth noting that the global car industry is changing rapidly. For example: .