The United States will legislate on chips; Volvo Cars Q1 sales hit a new high

publish_time: 2021.04.08

  Biden: The United States is ready for chip legislation

  

  On April 7, U.S. President Biden stated that the leaders of the U.S. Senate are preparing to enact legislation on semiconductors. "We are working hard. Senate Majority Leader Chuck Schumer and Senate Republican Leader Mitch McConnell will soon propose a similar bill." Biden said.

  

  Biden may provide US$100 billion in subsidies for electric car consumers

  

  According to an email sent by the U.S. Department of Transportation to Congressional staff, the Biden administration’s $174 billion electric vehicle promotion plan includes $100 billion in consumer subsidies and $15 billion in new 500,000 electric vehicle charging stations. . The new electric vehicle subsidies are part of a $2.3 trillion infrastructure and employment plan.

  

  German car sales rose 36% in March

  

  According to data released by the German Motor Vehicle Administration (KBA), in March this year, the country's car sales rose 36% year-on-year to 292,349 units. However, in the first quarter of this year, the country's total new car sales still fell 6% year-on-year to 656,452 units.

  

  Volvo Cars' global sales in the first quarter increased by 40.8% year-on-year

  

  In the first quarter of this year, Volvo Cars set the best sales record in the same period in history. A total of 185,698 new cars were sold worldwide, a 40.8% increase from 131,889 in the same period last year.

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