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	<title>EV Archives - International Finance</title>
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	<title>EV Archives - International Finance</title>
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		<title>EV-maker BYD eyes Japan market</title>
		<link>https://internationalfinance.com/transport/ev-maker-byd-eyes-japan-market/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ev-maker-byd-eyes-japan-market</link>
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		<pubDate>Wed, 14 Dec 2022 09:40:10 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Transport]]></category>
		<category><![CDATA[BYD]]></category>
		<category><![CDATA[EV]]></category>
		<category><![CDATA[Japan]]></category>
		<guid isPermaLink="false">https://internationalfinance.com/?p=45525</guid>

					<description><![CDATA[<p>BYD's Japan division intends to launch two further models by the end of 2023 and open more than 100 dealerships by 2025 end</p>
<p>The post <a href="https://internationalfinance.com/transport/ev-maker-byd-eyes-japan-market/">EV-maker BYD eyes Japan market</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>As the largest EV manufacturer in the world steps up its strategy to make its cars available globally, BYD Co.&#8217;s Japanese business has said it would start selling its first battery electric vehicles (BEVs) in the nation in early 2023.</p>
<p>BYD, in which Berkshire Hathaway has a stake, said that it will begin selling the ATTO 3 electric sport utility vehicle in Japan starting from January 31. The automobile will cost 4.4 million yen (USD 32,735) and has a 485km (301 miles) cruising range.</p>
<p>In comparison, Nissan Motor Co.&#8217;s regular electric Leaf model costs roughly 3.7 million yen (USD 27,496) and has a cruising range of 322 kilometers (200 miles).</p>
<p>According to the company, BYD&#8217;s Japan division intends to launch two further models by the end of 2023 and open more than 100 dealerships by 2025 end.</p>
<p>In Japan, gasoline-electric hybrid vehicles continue to be more popular than BEVs. However, it is anticipated that the percentage of battery-powered vehicles will increase, as global automakers like BYD and Volkswagen enter the market.</p>
<p>According to Atsuki Tofukuji, CEO of BYD Auto Japan Inc., the company&#8217;s Japan division is keen to serve all 47 prefectures but is aiming to open temporary outlets in 22 locations beginning in late January.</p>
<p>“We hope that we can make our presence felt little by little as we work toward carbon neutrality and as our customers demand a variety of choices,” the company said.</p>
<p>Recently, green investors and activists have criticized Japanese manufacturers for not adopting BEVs quickly enough. In May, Toyota Motor Corp started leasing the bZ4X, the company&#8217;s first mass-produced fully electric car, in the domestic market for 106,700 yen (USD 792.28/month) for the first four years of a 10-year lease. Though, less than two months later, it was compelled to recall the model because of safety issues. It again resumed production in October.</p>
<p>The post <a href="https://internationalfinance.com/transport/ev-maker-byd-eyes-japan-market/">EV-maker BYD eyes Japan market</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>The hurdles before America as it transitions to EV</title>
		<link>https://internationalfinance.com/transport/hurdles-before-america-transitions-ev/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=hurdles-before-america-transitions-ev</link>
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		<pubDate>Tue, 06 Sep 2022 05:53:57 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Transport]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[Biden]]></category>
		<category><![CDATA[EV]]></category>
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		<guid isPermaLink="false">https://internationalfinance.com/?p=44783</guid>

					<description><![CDATA[<p>Biden administration struggles to transition away from fossil fuels by 2030</p>
<p>The post <a href="https://internationalfinance.com/transport/hurdles-before-america-transitions-ev/">The hurdles before America as it transitions to EV</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>After persuading a reluctant Congress to invest heavily in electric vehicles, the White House must now convince tens of millions of dubious drivers to buy them.</p>
<p>The administration aims to stop fossil fuel-powered transportation as electric cars struggle to shed their image as unreliable and difficult to charge. But unfortunately, GOP lawmakers are spreading these perceptions to harm the administration&#8217;s plan.</p>
<p>Federal agencies are hurrying to improve EV driving and boost public confidence by providing 500,000 new chargers and forming a new office to coordinate the changeover. In addition, the climate measure President Biden signed on Aug. 16 combines incentives for car buyers with prizes for carmakers who increase EV production and shift manufacturing lines to the US, providing the firms with a new impetus to embrace the change and promote the vehicles.</p>
<p>Even EV loyalists are frustrated by wait lists and increased pricing, adding to the administration&#8217;s difficulties.</p>
<p>Gregory Pierce, co-director of UCLA&#8217;s Luskin Center for Innovation, predicts a rough few years. Even with subsidies, there aren&#8217;t enough affordable EVs.</p>
<p>Robert Fernatt often says you can&#8217;t drive an electric car across West Virginia.</p>
<p>Fernatt, director of the state&#8217;s electric auto association, said it&#8217;s &#8220;very tough.&#8221; A vast region of West Virginia has no fast charging stations for anything but a Tesla, an expensive premium car.</p>
<p>Fernatt advises out-of-state travellers to avoid West Virginia.</p>
<p>Even California, the nation&#8217;s electrification pioneer, faces challenges in accelerating the change. Even with state and federal subsidies for low-income drivers that could soon add up to $17,500 for a used model, getting drivers into the cars is difficult.</p>
<p>At whatever price, selling most drivers on the autos will take time. According to an April survey by Consumer Reports, most drivers would not contemplate buying or leasing an electric vehicle today.</p>
<p>Many owners of the 2.5 million electric cars in the US love them. However, getting there has been expensive and resource-intensive, mainly focusing on a few states. As a result, only 5% of new automobiles sold are zero-emission, and nearly half of those sales are in California.</p>
<p>Biden&#8217;s aim of selling half of all new automobiles as electric by 2030 will require many more states to adopt California&#8217;s and Massachusetts&#8217; intensive outreach and regulatory measures.</p>
<p>However, not everyone is on board. The GOP is still working for the fossil fuel lobby, which wants to slow down the transition to green energy.</p>
<p>The post <a href="https://internationalfinance.com/transport/hurdles-before-america-transitions-ev/">The hurdles before America as it transitions to EV</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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