Electric car

The combined sales of passenger cars and light commercial vehicles (LCVs) declined by 45.3 percent on an annual basis to 47,850 units in July, according to data from the Automotive Distributors' Association (ODD).

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It was followed by a 12.5 percent year-on-year increase in June.

I am extremely proud that a German maker of electric cars of the future will base its main production in Bulgaria. This sentiment was shared by Minister of Economy Kiril Petkov, who, this Saturday, signed with Next.e.GO Mobile SE the paperwork finalising a procedure to launch the company's investment project in Bulgaria.

Bucharest, June 30 /Agerpres/ - The Chamber of Deputies intends to implement two pilot projects to install automated racks and a bicycle station, as well as an electric car charging station.

Greek Prime Minister Kyriakos Mitsotakis is expected to announce on Wednesday (2 June) the details of a project which aims to transform the island of Astypalaia in the southeastern Aegean Sea into Europe's "Green Island".

The objective is to have all of Astypalaia's daily activities run on renewable energy, from electricity to transport.

The budget for the Environment Administration Fund (AFM), the institution that finances the Rabla Clasic and Rabla Plus car scrappage programs, will be presented during Wednesday's Government reunion, and the Rabla program will start on April 26, declared, on Wednesday, the Minister of Environment, Waters and Forests, Tanczos Barna, during a press conference.

The year has started with a quite predictable double-digit percentage drop in new car sales, given the uncertainty regarding the course of the pandemic and its effects on household finances and the national economy. At the same time, though, electric car sales continue to show an increase, as the incentives continue to pay dividends.

Three Bentley Bentayga SUVs, which cost more than 200,000 euros each, 22 Teslas ranging from €50,000 to €100,000 depending on the model, and 78 Porsches (19 Taycans, 52 Cayennes and seven Panameras) with prices far exceeding €100,000 each, are included in the list of electric cars sold in Greece in 2020, according to the registration data Kathimerini has seen.

The Turkish competition authority has approved the sale of 30 percent shares of Hyundai Assan from Turkey's Kibar Holding to Hyundai Motor.

The South Korean automotive giant, the world's fifth-biggest auto group, was already holding 70 percent of stocks in the Turkish automotive company.

Ljubljana – The Eco Fund has reduced subsidies for electric vehicles in its latest tender published in the Official Gazette. The fund decided for the move because the overall volume of subsidies had been rising in recent years as the number of subsidised vehicles almost doubled each year while the price of vehicles has been dropping.

Turkey-based automotive firm Ford Otosan - a joint venture of Turkish Koç Holding and Ford - started works to establish a battery assembly factory for electric vehicles in the industrial province of Kocaeli.