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Claim for SUVs has been rising as increasingly affluent Asian consumers go for statesman large automobiles, a disposition that may preserve with the scrapping of the nation’s decades-previous one-baby policy. The reduction within the get tax on vehicles with engines small than 1.6 liters in October also supplied a tailwind for income of heavy and midsize crossovers.
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Research and improvement – the Commission has more than doubled the funds available for cooperative research and innovation within the automotive sector for the interval 2014-2020. The funding focuses on green vehicles, decarbonisation of conventional engines, safety, and data know-how infrastructure. The intention is to protect the EU’s technological leadership within the automotive sector.