2 responses to “Why we need to green the global automotive industry”

  1. Charles Arthur

    In November the Economist Intelligence Unit wrote that the automotive industries in three out of the four BRIC markets are showing impressive signs of recovery.

    The authorities in most of the BRIC countries were quick to put a raft of incentives in place in order to stimulate new vehicle sales in those countries. In Brazil, China and India these measures resulted in increasing vehicle sales in the latter part of 2009.

    However, in Russia, there has been no recovery. The disappearance of credit is the major reason behind the market’s woes. Around half of all new Russian car sales used to be purchased on finance. A year on from the onset of the financial crisis, and credit is still almost impossible to come by in the country. The weakening of the rouble has also made foreign cars considerably more expensive in Russia than they used to be.

  2. Charles Arthur

    The EIU Viewswire of January 11th 2010 asks if 2010 be the year of the electric vehicle (EV).

    The article starts: “In many respects it will be, what with the imminent launches of several extremely high-profile EVs, including General Motors’ Chevrolet Volt, the Nissan Leaf, as well as a raft of other slightly lower-profile electric offerings from the likes of Ford (USA), PSA Peugeot Citroen (France) and Mitsubishi (Japan).

    This is remarkably quick work by the notoriously slow-moving automotive industry. No one believed, when GM first announced the existence of the Volt mid-way through 2007, that the car would ever make it into production by 2010 as GM claimed. Moreover, since setting that target, GM has gone in and out of bankruptcy, and come dangerously close to selling off its vast European operations which were responsible for developing the Volt’s chassis. All that will make GM’s achievement – if it succeeds in it – even more incredible.

    The Volt’s highly-aggressive timelines sparked a frenzy of activity among GM’s rivals, which were not used to being left behind by the slow and lumbering General. Yet despite doing their utmost to keep up with their own EV launch plans, one key problem has stood in their way. That is how to get their hands on the most up-to-date and reliable new-generation automotive batteries, which are still very much an emerging technology.”