European Commission Proposes €5 Billion Green Cars Initiative
November 27, 2008 by admin · Leave a Comment
The European Commission presented a €200 billion (US$257 billion) Recovery Plan—equivalent to 1.5% of European GDP—to pull Europe’s economy out of its current crisis. One of the elements of the plan is a €5 billion (US$6.4 billion) “European green cars initiative”.
The plan will use a wide range of policies and instruments. The co-ordinated fiscal stimulus of around €200 billion comprises around €170 billion (1.2% of GDP) from Member States, and around €30 billion (0.3% of GDP) as EU level action within the EU budget and from the European Investment Bank (EIB). The stimulus will stay within the Stability and Growth Pact, while making use of the full flexibility offered by the Pact. Read more
2008 LA Auto Show Green Car Preview
November 11, 2008 by admin · Leave a Comment
We will be covering the LA Auto Show during the press days on November 19-20. Until then we have lined up preview of some of the Hybrid and Electric cars that will be on display.
This years show could prove to be a real turning point in the future of the automobile as electric cars, hybrid cars and other high mpg designs become the showstopping stars. Pointing the way towards a clean-tech future that enables cars to remain as part of the personal transport solution.
