Green vehicles gets a boost on $44b stimulus
Sunday, 16 May 2010
STUTTGART, May 15 (Commodity Online): Development of innovative automotive technologies and sales of electric, hybrid vehicles is set to get a boost with close to US $ 44 billion in economic stimulus funds and other incentives flowing for this purpose, according to an analysis by Deloitte Touche Tohmatsu Industry Group.
The automotive analysis reveals that economic stimulus packages and other government programmes are being emphasised in at least 13 markets.
"Consumer demand for greener vehicles as well as new regulations will heavily influence the development and marketability of innovations in the automotive industry," says Hans Roehm, DTT Global Manufacturing Industry Leader. "Our analysis shows that the United States is leading in terms of economic stimulus and other government incentives with an estimate of US$27.4 billion directed towards alternative fuel technologies such as EVs"
In 2009, Deutsche Bank estimated that global sales of electric, hybrid, and other alternative fuel and advance technology vehicles stood at 1 million and could rise to 1.3 million in 2010.
According to JD Power and Associates, sales of hybrid-electric vehicles could reach about 1.3 per cent of an estimated 67 million light vehicle sales this year.
The automotive analysis reveals that economic stimulus packages and other government programmes are being emphasised in at least 13 markets.
"Consumer demand for greener vehicles as well as new regulations will heavily influence the development and marketability of innovations in the automotive industry," says Hans Roehm, DTT Global Manufacturing Industry Leader. "Our analysis shows that the United States is leading in terms of economic stimulus and other government incentives with an estimate of US$27.4 billion directed towards alternative fuel technologies such as EVs"
In 2009, Deutsche Bank estimated that global sales of electric, hybrid, and other alternative fuel and advance technology vehicles stood at 1 million and could rise to 1.3 million in 2010.
According to JD Power and Associates, sales of hybrid-electric vehicles could reach about 1.3 per cent of an estimated 67 million light vehicle sales this year.