China Sales Quota For Electric Vehicles, A Market Strategy Or Market Protectionism?
An interesting point of view and a very important factor indicated by Jimi Beckwith of autocar. co.uk. Car makers are worried that China’s EV electric sales targets are too strict and have urged the government for more flexible legislation. Car makers from across the industry have written a letter asking China to reconsider its plan to introduce stringent sales quotas for electric vehicles. The Chinese government is planning to introduce quotas that determine how many of each
The Best Countries For EV Purchase, Incentives!
As of the end of 2016, two million electric vehicles (EVs) had hit the roads globally, or according to the IEA 0.2% of all passenger cars. Auto manufacturers have invested substantial capital into EV technology, betting EVs are the future of the transportation. Tesla, the leading manufacturer of EVs, have showcased to the world the potential of EVs. The introduction of the Model 3, and other manufacturers releases at competitive price points, EVs are set to disrupt the global
Global Auto Market Shifting Trend, As Japan Zooms Into China And US Sales Cool-Off!
Japanese automakers' U.S. sales slid mostly sideways last year, but their China business is booming. Two manufacturers, Mazda Motor Corp. and Mitsubishi Motors Corp., finally are selling more vehicles in the world’s biggest market than in the United States. Last year, Mazda’s passenger vehicle sales in China grew 8.3 percent to 309,407 vehicles, while its U.S. sales slid 2.8 percent. Mitsubishi’s sales in China also eclipsed those in the U.S., growing 56 percent to 129,
China Pushes Demand, As Global Electric Car Sales Hit Record High In Third-Quarter!
China made more than half of electric car purchases in the third quarter. Electric vehicles sales surged to a record in the third quarter, largely driven by strong demand in China. Sales of battery electric vehicles and plug-in hybrids exceeded 287,000 units in the three months ended in September, 63 per cent higher than the same quarter a year ago and up 23 per cent from the second quarter, according to a report released Tuesday by Bloomberg New Energy Finance (BNEF). China
The Global Automotive Market's End To Gas And Diesel!
How fast that revolution will unfold is the source of much dispute and uncertainty. And it matters a great deal to oil demand, electricity demand, greenhouse gas emissions, air pollution, and global trade flows. In many ways, questions around EVs parallel questions around renewable energy. They have both been consistently underestimated. If they continue beating expectations, revolution is nigh. But there’s also a lot of hype, wildly conflicting projections, and plenty of ris
Countries That Lead The Way In AI Investment & Innovation — The United States and China!
AI is not just for driverless cars, digital assistants, or movie recommendations anymore; in multiple industries, it’s a wave about to break. According to a recent McKinsey Global Institute studysurveying 3,000 “AI-aware” companies around the globe, only 20 percent are using AI-related technologies in a core part of the business, but the majority expect to ramp up AI spending in the next three years. Other studies yield similar results. In an Infosys-funded survey of 1,600 bu