South Korea's February car production hits 11-year high at 352,000 units, with exports and domestic sales showing strong double-digit growth amid government incentives and global market recovery.
#YonhapInfomax #AutomobileProduction #ExportGrowth #DomesticSales #HybridCarExports #GovernmentIncentives #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
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February Car Production Exceeds 350,000 Units for First Time in 11 Years - Exports and Domestic Sales Also Show Double-Digit Growth

South Korea's February car production hits 11-year high at 352,000 units, with exports and domestic sales showing strong double-digit growth amid government incentives and global market recovery.

Yonhap Infomax
Tesla explores Indian market entry, scouting showroom locations and posting job listings, amid government incentives and potential challenges in the world's third-largest auto market.
#YonhapInfomax #Tesla #IndianMarketEntry #ElectricVehicles #GovernmentIncentives #MarketExpansion #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=52366
Tesla Initiates India Entry - Scouting for Local Showrooms and Posting Job Listings

Tesla explores Indian market entry, scouting showroom locations and posting job listings, amid government incentives and potential challenges in the world's third-largest auto market.

Yonhap Infomax

According to Eurostat, electric vehicle adoption in the European Union (EU) has surged by 70% in the last year. The rise in electric car numbers is attributed to the growing demand for cleaner and more sustainable transportation options and government incentives for electric vehicle owners.

This shift is a promising sign for a cleaner and greener future.

– Eurostat https://lnkd.in/dEMEVcji

#Eurostat #electricvehicles #cleanenergy #EU #climateaction #governmentincentives #greenfuture

Electric vehicles and power demand for transport up

Electricity demand in transportation is expected to increase in the future. In 2021, there was a substantial increase in the number of electric passenger vehicles in the EU compared with 2020 (+76%). Source dataset: road_eqs_carpda In terms of the electric passenger vehicle fleet, all EU members recorded an increase in 2021 compared with 2020. The largest increases were recorded in Finland (+136%), Croatia (+127%) and Italy (+122%). At the other end of the scale, Czechia (+12%) and Spain (+15%) recorded the lowest rates of increase. In 2021, the total number of electric passenger vehicles in the EU was estimated at 1.9 million. The EU members with more than 100 thousand electric passenger vehicles were Germany (618 thousand), France (403 thousand), the Netherlands (245 thousand), Italy (118 thousand) and Sweden (110 thousand). Source dataset: nrg_cb_e The EU electricity consumption in road transport (which includes electricity used for electric trolley buses and to charge electric vehicles), also experienced a notable increase in 2021 compared with 2020 (+80%). In absolute terms, electricity consumption in road transport reached 6 910 gigawatt hours (GWh) in the EU in 2021, which corresponds to 0.3% of final consumption. Across the EU countries, the highest consumption was recorded in Sweden (1 433 GWh), followed by Germany (1 386 GWh) and the Netherlands (1 071 GWh). On the other hand, Cyprus (0 GWh), Slovenia (4 GWh) and Malta (5 GWh) recorded very low electricity consumption for road transport.

Eurostat