Shanghai (Gasgoo)-In May 2024, China's domestic passenger vehicle (PV) market retailed 1.71 million vehicles, marking a year-over-year decrease of 1.9% but a month-over-month increase of 11.4%, according to data from the China Passenger Car Association ("CPCA"). For the first five month...
The Electric Vehicle Powertrain Market size is estimated at USD 188.19 billion in 2024, and is expected to reach USD 425.10 billion by 2029, growing at a CAGR of 17.70% during the forecast period (2024-2029). The electric vehicle (EV) powertrain market is experiencing unprecedented growth, ...
After three year’s of recovery, the start of 2024 was negative for theIndonesian light vehicles market, which lost well above all expectations, although the economic outlook is still robust and one of the best among Top 20 World economies. The Indonesian light vehicle market in October 2024 f...
Based on the calculation of policy effects, this article recommends a policy plan to gradually impose vehicle purchase tax on NEVs after 2024, increase the fuel tax rate in stages after 2025, and impose an excise tax on BEVs and FCEVs after 2030. The plan can guarantee the stability of ...
The key factors that drive the growth of the global hydrogen fuel cell vehicle market are increase in environmental concern, government initiatives for development of hydrogen fuel cell infrastructure and rise in investments for R&D activities. Moreover, factors such as high initial investment in infra...
Supervisors To Overhaul Vehicle Tax; Revenue Rise Prompts Effort To Reduce Unpopular LevyPeter Pae
The limited availability of lithium-ion batteries poses a significant challenge to the growth of Electric Commercial Vehicles (ECVs). As the demand for electric vehicles continues to rise globally, there is increasing pressure on the supply chain for key components, particularly lithium-ion batteries...
Guiyang sees rapid rise in second-hand vehicle exports｜贵阳二手车出口势头好 The China (Guiyang) second-hand vehicle export base located in Guiyang FTZ is expected to boost Guizhou's exports. [Photo/ddcpc website]From January to May this year, Guiyang, capital of Southwest China's ...
Generally, used vehicle sales are on the rise in most countries. Thanks to ever-improving technology, automobiles may keep running for many years and remain in good condition. This allows the average age of light vehicles in operation in the United States to increase slowly. Although new cars...
As a result, demand for electric vehicles in North America is expected to rise over the projection period. Growth Factors A significant number of initiatives taken by the government of various countries, such as tax rebates, subsidies & grants, and other non-financial benefits in car registration...