A slightly unusual source of analysis, but according to swapalease.com: Cars in the Green/Hybrid segment are the most transferred. In other words: people who bought hybrids and EVs on lease agreements, are transferring them to new owners, and this is happening more than it did last year for the same segment.
The explanation given by swapalease.com is that car manufacturers have rolled out more car lease options in the Green/Hybrid category over the last few years, which we presume to mean that lots of cars have been purchased and as such; lots are now being transferred, i.e. entering the second hand market. It is also possible that the high purchase costs for EVs and Hybrids compared to their ICE equivalents result in more being purchased by lease.
So really this is just a reflection of the high new sales of EVs and hybrids in the last year in the US, which we have been tracking for a while and it is fairly predictable/obvious that high sales of new cars will translate to high sales of second hand cars, of which this is a measure.
Not really news, but it is interesting, because the wave of low emission vehicles entering the second-hand market will (more…)
With Malaysia’s exemption of import and excise duties on hybrid and electric cars expiring at the end of this year, a National Automotive Policy update is widely expected, and industry experts are predicting that a New Policy Could Make Malaysia The Next Big EV Market.
The infrastructure of Malaysia is one of the most developed in Asia and it has had one of the best economic records in the region, with GDP growing an average 6.5 per cent annually, making it the third largest economy in ASEAN and the 29th largest in the world. The country has shifted towards an industrial/manufacturing based economy and aims to attain developed country status in 2018 – most economists agree that it has all the right ingredients to achieve that.
Automotive manufacturing is a key part of Malaysia’s economic development plans, and in particular the manufacture and development of low emissions vehicles that will also help it to realise it’s COP15 commitment to reduce its CO2 emission’s to 40 per cent by the year 2020.
According to regional press: Datuk Takashi Hibi, Deputy Chairman of UMW Toyota Motor Sdn Bhd, says [Toyota] are considering the possibility of assembling hybrid vehicles in Malaysia – The company (more…)
According to Malaysian newspaper The Star Online, prices of hybrid cars may go up if the Government decide not to extend the exemption of import and excise duties on hybrid cars, that expires at the end of the year.
In the same week UK business newspaper the FT is reporting “Carmakers flock to new southeast Asian growth frontier“, in which case; they should be looking at manufacturing or part-completing their vehicles locally: An industry insider believes that the current exemption will be extended for vehicles which are partly manufactured/finished in Malaysia, but not for pure imports, and both Honda and Toyota are preparing for a drop in sales of their imported hybrid models.
Import duties have been high in Malaysia for many years as part of a strategy to support local automotive manufacturers such as Perodua, and Proton. Foreign vehicles are seen as highly desirable, status-products due to the high cost compared to domestic vehicles – the exemption has so far been effective in boosting sales of hybrids in the country, because it has made a number of popular Japanese vehicles affordable to consumers, which also happen to be fuel efficient (more…)
In a presentation to the Economic Club of Washington, D.C., Toyota Motor Corporation Chairman Takeshi Uchiyamada has predicted that hybrid vehicles will play a larger role in the future development of automotive propulsion systems than widely recognized, and fuel cells will be the next step.
“Some people say hybrid vehicles such as the Prius are only a bridge to the future. But we think it could be a long bridge and a very sturdy one”
“In each of the previous moves to a new generation [of the Prius], we achieved a 10 percent increase in mileage per gallon, we are committed to beating that record this time.”
“Today I wish to call on the industry to sell 5 million hybrids in the U.S. by the end of 2016… …It’s only when we put ourselves under the same kind of intense pressure we faced in developing the Prius that we can achieve great goals. That’s what it takes. I want our industry to achieve this goal.”
Toyota, like Daimler Mercedes, are committing to fuel cells and compare them favourably over EVs, encouraging a technology battle that some would say needn’t exist, as both solutions have a role to play in future transport.
For the longer term; (more…)