Expectations have been in place that the next decade will be as historically significant as the birth of mass production automobiles — when Henry Ford’s company put the first Model T in production in 1908 and watched it reach the 15 millionth unit 19 years later. But will the 2020s be likely to see these historic shifts fall in place, with the year 2030 typically used in forecasts and emissions reduction goals as the benchmark…………………….
This topic has been further explored in a Green Auto Market analytical report. Click here to see the market report available for purchase and download.
A few interesting news briefs:
- On Friday, China’s Ministry of Industry and Information Technology, announced Tesla is receiving an exemption from a 10-percent purchase tax. It’s part of a broad national policy applying to domestic electric vehicles. Prior to that on August 20, Tesla was included in Shanghai’s Pilot Free Trade Zone, which will also help the EV maker gain a financial advantage in the world’s largest EV market.
- Chinese automaker BYD took third place (behind Qualcomm and MasterCard) on Fortune Magazine’s “Change the World” list 2019, which is the American publication’s annual ranking of companies that are hitting targets to help the planet and tackle society’s unmet needs. BYD’s cited achievements include building a flexible “e-platform” for EV design and construction, competitive pricing that’s helped further commercialize EVs, and the recent deal to jointly develop electric vehicles with Japan’s Toyota that should expand BYD’s global reach.
- The 2019 Hyundai Nexo hydrogen fuel cell electric SUV has earned a TOP SAFETY PICK+ award from the Insurance Institute for Highway Safety (IIHS) for vehicles built after June 2019. The Nexo, which is only available in California, is the first such hydrogen fuel cell vehicle that IIHS has tested for crash safety.
- The Ford Police Interceptor Utility 2020 model is now the first-ever pursuit-rated police utility vehicle with a standard hybrid engine. Agencies in cities such as San Diego, Columbus, Ohio, and Madison, Wisc., have committed to adding hybrids to their law enforcement fleets. So far, these agencies have ordered more than 2,600 units equipped with the standard 3.3-liter hybrid engine.
- Car sharing service Share Now, which was created this year as part of a joint venture between BMW and Daimler, will expand its electric fleet significantly under the agreement with the City of Munich. A total of 200 BMW i3s will be available to Share Now customers on Munich roads by the end of the year.
- From GAM editor’s blog post, called The mysterious vanishing of Americans 40 to 60 — and why we were named Generation X: “The next time you go out and about, take a 365-degree look around you. Millennials (ages 23 to 38 during this year) and GenZers (ages 7 to 22) are out doing things in vast numbers, with Millennials nearly as big in population as Baby Boomers — and GenZers following right behind. But what’s happening to my peers in Generation X? We’re there, but in smaller numbers; and many of us are somewhere else — such as working long hours.”
