A car for women? Cosmopolitan and SEAT under fire for new vehicle
http://edition.cnn.com/2016/09/22/autos ... index.html
The cost of a lithium-ion battery pack fell 65 percent in 2015 to around $350 per kilowatt hour, from $1,000/KWh in 2010, and is expected to fall below $100/KWh over the next decade, a report by consultancy McKinsey & Co and Bloomberg New Energy Finance (BNEF) showed.
Gasoline retailers should also be considering further monetization of their current assets and how to get more value from electric charging, the retail market and fleet services.
Some headlines have warned that a frenzy of defaults on subprime auto loans could be looming, while drawing breezy parallels with the disastrous effects of the housing bust. But the comparison is bogus.
For one thing, the mortgage market is eight times larger than the auto-loan market, making it far more important to the overall economy.
Defaults on car loans are also much easier to process, since a car can be repossessed and resold in a matter of weeks, keeping the lender more or less whole.
And some car owners actually prioritize their car loan over other commitments when money gets tight, because they need a vehicle to get to work.
China accounted for half of the US$16 billion in subsidies countries offered to new-energy car makers in the past decade, and concerns that companies were lodging fraudulent subsidy claims led Beijing to set up a cross-ministry team earlier this year to examine sales figures from 2013 and 2014.
The finance ministry says all such subsidies will be phased out by 2021.
Helped by more than 300 billion yuan in subsidies, and restrictions on the sale of petrol-powered cars in major cities, electric vehicle sales in China surged 343 per cent last year to 331,100 units – accounting for 60 per cent of the global total.
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