BYD, a global leader in electric vehicles, recently predicted that Pakistan’s electric vehicle (EV) market share will reach 50% by 2030. This forecast highlights Pakistan’s ambition and potential in advancing green transportation. In its latest market research report, BYD noted that the rapid growth of Pakistan’s EV market will be driven by the government’s push for environmental policies and sustainable development. The report also emphasized that various incentives, including tax breaks and subsidies, will further promote the adoption of electric vehicles. Pakistan has faced severe air pollution issues in recent years, and the government has identified electric vehicles as a key solution. BYD pointed out that the country’s […]
General Motors (GM) has announced that its electric commercial vehicle brand BrightDrop will be integrated under the Chevrolet brand. This strategic move aims to leverage Chevrolet’s extensive market presence to further promote BrightDrop’s electric commercial vehicles and accelerate the company’s development in the electric vehicle sector. Founded in 2021, BrightDrop is GM’s electric commercial vehicle brand focused on developing efficient and environmentally friendly electric logistics vehicles. By integrating BrightDrop under the Chevrolet brand, GM seeks to utilize Chevrolet’s global market influence and sales network to expand the reach of electric commercial vehicles. GM states that this integration will enhance BrightDrop’s brand recognition and leverage Chevrolet’s channels and resources […]
According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), the UK’s new car market held steady in August this year, dropping only slightly by 1.3% year-on-year to 84,575 units, just 1,082 fewer than in the same month last year. In terms of power type, sales of petrol and diesel cars in the UK market fell by 10.1% and 7.3% year-on-year respectively in August this year, but these two types of cars together still accounted for 56.8% of total new car sales; registrations of plug-in hybrids fell by 12.3% year-on-year and accounted for a 6.8% share […]
Renault Group CEO Luca de Meo said the European auto industry may face a 15 billion euro ($17.4 billion) fine for carbon emission overruns due to a slowdown in demand for electric cars, Reuters reported. By 2025, automakers in the European Union will face stricter CO2 emissions targets. Compared to the limit of 116 grams of CO2 emissions per kilometer that will come into effect in 2021, the EU has set the average CO2 emissions for new cars on sale in 2025 to be 93.6 grams per kilometer. In an interview with France Inter radio […]
In an effort to stimulate the automotive market and boost economic growth, the Vietnamese government has recently announced a 50% reduction in the registration tax for new cars. This policy aims to ease the financial burden on consumers, further promote car sales, and drive the development of related industries. According to the government announcement, starting immediately, the new car registration tax will be reduced from 5% to 2.5%. This move is one of the measures taken by the Vietnamese government to address the challenges posed by global economic slowdown and reduced domestic consumer demand. In recent years, the Vietnamese automotive market has faced slow growth, mainly due to […]
September 6, 2024 – General Motors (GM) has announced that former Visa CEO Al Kelly has officially joined its Board of Directors. This appointment marks a significant step for GM as it continues to advance its global business strategy and digital transformation. Al Kelly, during his tenure at Visa, successfully led the company’s digital payment and fintech innovations and achieved notable results in expanding Visa’s global footprint. Under his leadership, Visa strengthened its position in the digital payment sector and established key technological and strategic partnerships. Kelly’s extensive experience and deep background are expected to inject new energy into GM’s business development. Mary Barra, Chairperson of General Motors, said […]