Kuala Lumpur (The Star/ANN) - Sales of hybrid vehicles in Malaysia are expected to hit an all-time high this year, boosted by rising popularity, increasing awareness, ongoing tax incentives and new model launches.
Car manufacturers are awaiting the passage of a bill in Congress giving incentives to makers of electric, hybrid and other alternative fuel vehicles in the country.
In 2011, the first plug-in hybrid electric vehicles went into production to add the next level of electric-only drive to the steadily growing popularity of the hybrid assist vehicle.
The global economic recession has taken a huge toll on medium duty and heavy duty truck sales in many regions. At the same time, the precipitous rise of oil prices has sent diesel fuel costs to near record highs in many countries.
PETALING JAYA - Sales of hybrid vehicles in Malaysia are expected to hit an all-time high this year, boosted by rising popularity, increasing awareness, ongoing tax incentives and new model launches.
PETALING JAYA: Sales of hybrid vehicles in Malaysia are expected to hit an all-time high this year, boosted by rising popularity, increasing awareness, ongoing tax incentives and new model launches.
Toyota Motor Corp., Asia’s biggest carmaker, raised its global sales forecast because of Japanese government incentives on fuel-efficient vehicles and demand for its new gas-electric Prius compact.
AUTOMAKERS DON’T offer brand-new versions of each model every year; instead, they add a feature or two and call it a “refresh.” Similarly, President Obama’s ”blueprint” for U.S.-based manufacturing, unveiled in his State of the Union address , updated arguments he has offered before. Was this version persuasive? Read full article >>
The battery module market for hybrid and electric vehicles is expected to grow from about $5bn in 2010 to $47bn in 2020, representing a compounded annual growth rate of (CAGR) of 25% over 10 years, according to ABI research.
A proposal to trim future outlays for state-funded pensions ran into a storm of criticism from retiree and labor groups last week, and the concept is in trouble at the Legislature.