The total global gross value market for hybrid and pure electric vehicles will reach $334 billion within the decade, from a current value of $69 billion, forecast analysts IDTechEx.
Tag Archives: economy
ATA truck tonnage index decreased 2.8 percent in October
The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index fell 2.8 percent in October, the first decrease since July.
German car sales rise 2%, fueling Europe recovery hopes
Car registrations in Germany rose by 2 percent in July as new models helped automakers such as Opel and Mercedes-Benz to achieve sales gains while Volkswagen brand saw demand for its vehicles decline.
Russia’s car market will be Europe’s biggest by 2020, forecaster says
The Russian auto market will overcome its current slump and overtake Germany to become the largest in Europe – and the fifth biggest globally – by 2020 as car ownership increases, a Boston Consulting Group study said.
Pennsylvania offers $10M in CNG incentives
Pennsylvania environmental officials are offering $10 million worth of incentives to companies, government agencies and nonprofits for the purchase of cars or light trucks that run on natural gas or to convert lighter-weight vehicles that now use gasoline.
The Pennsylvania Department of Environmental Protection launched the program in a bid to generate demand for natural gas vehicles. A drilling boom in Pennsylvania and other states in recent years has produced enormous quantities of cheap gas.
