The Truth About Cars

AUGUST 9, 2024

Buyers do not pay sales tax on NEV purchases, and people who replace gas cars with an electrified model can receive a scrappage credit. but they’re in Mexico and may soon be available in Canada, though some in its government want strict tariffs like the ones implemented by the White House. Chinese brands don’t yet sell in the U.S.,

Acura 104

Acura Scrappage Concept SUV 104

Green Car Congress

FEBRUARY 3, 2015

China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. million units.

2015 150

2015 Light Global Market 150

Baua Electric

NOVEMBER 25, 2024

Volumes grew by more than 100% in markets including Australia, Thailand, Brazil, Turkey, Malaysia, and Mexico in 2023 and more than 50% in India and Japan. in 2022, as large vehicle markets like India, Japan, Brazil, and Mexico still sell very few EVs. This was calculated assuming normal scrappage rates. This was up from 2.1%

Global 52

Global Sale PHEV North America 52

Baua Electric

JANUARY 6, 2025

Assuming normal scrappage rates, EV Volumes forecasts it will take until 2042 for half the global fleet to be electric. Tariffs and import duties on vehicles, even those sourced from Mexico and Canada, could be impacted. This was largely caused by high sales growth of BYD PHEVs and Li Auto extended-range electric vehicle (EREV) SUVs.

Global 52

Global Market North America PHEV 52