TEHRAN- In mid-November 2019, the Iranian government started rationing of subsidized gasoline and increased fuel prices as it plans to use the revenue for supporting underprivileged families.

Since then, implementation of the rationing plan has led to the reduction of gasoline consumption, while promoting the consumption of compressed natural gas (CNG) in the country.

Iran’s"...

Despite COVID-19 crisis, electric vehicle sales break records, says chief analyst of Alpho Milosh Pham. In Germany, their sales almost doubled from H1 in 2019 to H1 in 2020. The falling sales of regular petrol-powered cars of at least 20% are also important.

The surge in demand for electric cars is accompanied by extremely bullish market sentiment reflected in the development of Tesla’s share prices. Deloitte estimates that by 2030, global sales"...

TEHRAN- Production of tire in Iran has risen 27 percent during the first five months of the current Iranian calendar year (March 20-August 21), compared to the same period of time in the past year.

As reported by IRNA, 115,983 tons of tires have been produced during the five-month period of this year.

It terms of number, 10.232 million tires have been produced, showing"...

• This order marks the largest electric vehicle commitment for Mercedes-Benz Vans to date
• The electric vehicles from this order will begin making deliveries to customers in 2020, helping to save thousands of metric tons of carbon
• The Climate Pledge, co-founded by Amazon and Global Optimism, is a commitment to reach net zero carbon by 2040—ten years ahead of the Paris Agreement

Today, Amazon (NASDAQ: AMZN) announced it is adding more than 1,800 electric vehicles from Mercedes-Benz"...

T he global electric vehicle race has reached Iran, as the domestic engineering and energy giant, MAPNA Group, and major automaker Iran Khodro Company (IKCO) are gearing up to jointly produce EVs.

After successfully testing 20 EV prototypes in June, MAPNA has joined hands with IKCO to mass produce electric vehicles, the group’s website Mapnagroup.com reported.

Farshad"...

I ran’s automotive output increased by 21% during the first five months of the current Iranian year (March 20-August 21) compared to the year-ago period.

According to data released by the Ministry of Industries, Mining and Trade, Iran’s major automakers Iran Khodro Company (IKCO) and SAIPA produced a total of 360,599 cars and commercial vehicles during the five-month period, which figure was 298,307 last year.

The"...

TEHRAN – Iranian Transport and Urban Development Minister has said that his ministry plans to renovate 65,000 worn-out trucks from the country’s suburban cargo transport fleet within three years, IRIB reported.

Mohammad Eslami made the remarks on Saturday in a signing ceremony for a trilateral deal among Road Maintenance and Transportation Organization (RMTO), Iran Khodro Diesel, and Tose'e Ta'avon Bank for the renovation of"...

TEHRAN- Car manufacturing in Iran rose 21 percent during the first five months of the current Iranian calendar year (March 20-August 21), compared to the same period of time in the past year, IRIB reported based on the data released by the Ministry of Industry, Mining, and Trade.

As reported, 360,599 vehicles have been manufactured during the five-month period of this year, while the figure was 298,307 in the same time span of the previous year.

TEHRAN- Car manufacturing in Iran rose 20.3 percent during the first four months of the current Iranian calendar year (March 20-July 21), compared to the same period of time in the past year, according to an official with Industry, Mining, and Trade Ministry.

Soheil Memarbashi, the director-general of transportation industries department of the ministry, announced that Iranian carmakers have manufactured 323,663 vehicles during the four-month period"...

Trading Enterprises Honda, part of Al-Futtaim Automotive and the sole distributor for Honda in the UAE has launched its “Extraordinary prices” promotion offering big savings on a wide range of new vehicles at affordable prices.

Featuring some of Honda’s best-selling vehicles, Honda’s “Extraordinary Prices” offers additional benefits new buyers can profit from, such as a three-month payment holiday, free service, and free insurance. Lease and Personal Contract Purchase (PCP)"...