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Electric car buyers get a €4000 (US$4,520) discount while buyers of plug-in hybrid vehicles get a discount of €3000 (US$3,390). Premium cars, such as the Tesla Model S and BMW i8, are not eligible to the incentive because there is a cap of €60,000 (US$67,800) for the purchase price.
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Volvo, owned by China’s Geely, reported deliveries surged in 2023 to 708K cars, resulting in SEK 399.3 billion ($38.37 billion) in revenue, a 21% jump from a year ago.
The average all-electric car in California went up to 95 mpg ‑US (2.5 L/100 km) equivalent from 78 mpg ‑US (3.0 L/100 km) in the 2012 study. States with dirtier generation that rely heavily on coal still lag, such as Colorado, where the average BEV only achieves the same emissions as a 34 mpg ‑US (6.9 L/100 km; 41 mpg ‑imp ) gasoline ...
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
When California raised its own standards, the auto companies sued. [99] [100] The Big Three received funding for a $25 billion government loan during October 2008 to help them re-tool their factories to meet new fuel-efficiency standards of at least 35 mpg ‑US (6.7 L/100 km; 42 mpg ‑imp) by 2020. The $25 billion in loans from the Department ...
The rate on the popular U.S. 30-year fixed-rate mortgage will average around 6.0% next year and help to boost new housing construction and stimulate demand for previously owned… NBC Universal 3 ...
The market share of all-electric passenger cars increased from 0.30% of new car registered in 2012, to 0.59% in 2014. [ 184 ] [ 185 ] After the introduction of the super-bonus for the scrappage of old diesel-power cars in 2015, sales of both pure electric cars and plug-in hybrids surged, rising the market share to 1.17% in 2015, [ 186 ] [ 141 ...
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