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Report says minority of German car owners buy electric vehicles

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Report says minority of German car owners buy electric vehicles

A recent report from German insurer HUK Coburg shows a sluggish transition to electric vehicles among German car buyers, indicating that a small fraction of the population is fully embracing electric cars.

According to the report, only 3.9 per cent of private car owners opted for electric vehicles both new and used during the third quarter of this year.

The report reveals that the share of battery-powered cars within the private vehicle fleet saw a modest increase of just 0.1 per cent between July and September, reaching a total of 2.9 per cent.

As the market leader in motor vehicle insurance in Germany, HUK covers nearly 14 million insured vehicles.

The company analysed data from hundreds of thousands of drivers registering vehicles annually, retroactively calculating electric car rates in the private vehicle sector since early 2020.

In spite of a broader range of electric vehicle models and technical advancements, the shift to electric vehicles this year has regressed to 2021 levels.

This particularly followed the government’s decision to eliminate purchase incentives.

The company predicts that the overall national share of electric cars may grow at a slower pace this year compared to the previous four years.

The evaluation also reveals that over one-third of previous electric car owners have chosen combustion engines for their next vehicle purchase this year, raising concerns about a potential “fundamental acceptance problem” within the market.

Meanwhile, a representative survey conducted by YouGov, involving 4,147 participants, found that 17 per cent expressed intentions to transition from combustion engines to electric motors within the next two years.

However, even if these respondents follow through on their plans, HUK’s calculations indicate that Germany would still fall short of its target of 15 million purely electric cars by 2030.

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China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

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China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

China has revamped its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a more convenient refund-upon-purchase system, according to the State Taxation Administration (STA).

The STA announced on Tuesday that under the new system, foreign visitors can now claim Value Added Tax (VAT) rebates instantly at designated tax-free stores. This change allows tourists to use their refunded amount immediately for additional shopping, enhancing their overall experience in China.

Previously, VAT rebates could only be withdrawn upon departure, but with the new policy, tourists will be able to access their refunds in real-time during their stay. The policy, which was initially tested in cities like Shanghai, Beijing, and Guangdong, has now passed all operational requirements and will be rolled out nationwide.

The STA emphasized its dedication to improving policy guidance and simplifying refund procedures to better serve international visitors.

Li Xuhong, Vice-President and Professor at the Beijing National Accounting Institute, welcomed the change, stating that the nationwide implementation would raise China’s tourism service standards. “It will foster a friendly, efficient, and convenient tourism environment,” Xuhong added.

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Pope Francis spends 3rd night in hospital without complications

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Pope Francis

Pope Francis spent his third night in hospital without complications, a Vatican spokesman said on Monday.

He added that the 88-year-old had “a restful night,” breakfasted and read the morning newspapers.

The head of the world’s 1.4 billion Catholics has been hospitalised in a Rome hospital since Friday and is, according to the Vatican, suffering from bronchitis.

Concerns about the pope’s health had grown over the past week, as his voice repeatedly faltered during public appearances and he rarely left his Vatican residence.

Doctors had been recommending that he go to hospital for treatment for some time, according to media reports.

Part of the native Argentinian’s right lung has been missing since his youth, and he has frequently complained of respiratory problems.

Doctors have ordered “absolute rest,” the Vatican said.

It initially said that Francis would spend five days in hospital, but there is now speculation that it could be longer.

As a result, Francis had to cancel all his planned appointments over the weekend and at the start of the week.

Earlier, a news bulletin on the pope’s health, issued by the Vatican, said his condition was “stable.”

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Xi Jinping Calls for Unity, Peace at Asian Winter Games Opening

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Xi Jinping

Chinese President Xi Jinping has urged global unity, inclusiveness, and cooperation to foster human civilization, emphasizing that peace is as pure as ice and snow.

Speaking at the inaugural banquet of the ninth Asian Winter Games in Harbin on Friday, Xi underscored the significance of the event, themed “Dream of Winter, Love among Asia,” as a symbol of shared aspirations for peace, development, and friendship across the continent.

“The cauldron of the ninth Asian Winter Games will be lit tonight. From the Olympic Winter Games Beijing to the Asian Winter Games Harbin, the passion in China for ice and snow has swept across the nation,” Xi said. “It has also invigorated winter sports globally.”

Highlighting the record-breaking participation of 1,275 athletes from 34 countries in 64 events across 11 sports, Xi expressed confidence in the success of the Games.

“I believe with the joint efforts of the Olympic Council of Asia and delegations from all participating countries and regions, Harbin will present to the world a great sports event that is distinctly Chinese, uniquely Asian, and spectacular,” he stated.

Xi also stressed the need for global collaboration in addressing security challenges and promoting economic growth.

“No matter how the international landscape evolves, we should join hands together to meet all kinds of security challenges and contribute Asian strength to building an equal and orderly multipolar world,” he said.

Encouraging unity in economic development, Xi drew a parallel between winter sports and global progress.

“Winter sports are fascinating because they require passion and collaboration. We should work together to promote progress and development, and provide sustained drive for a universally beneficial and inclusive economic globalisation,” he said.

He further emphasized Asia’s role as a melting pot of civilizations, calling for inclusiveness and cultural exchange.

“Every snowflake is unique, and every civilization is distinctive. Asia is a convergence of the world’s diverse civilizations. We should promote inclusiveness, coexistence, and mutual learning, and contribute more to the development and progress of human civilization,” Xi said.

Describing Harbin as the birthplace of China’s modern winter sports, he highlighted its transformation into a hub for ice and snow culture, boosting the city’s economy and global relevance.

“We feel truly that ice and snow are as valuable as gold and silver. The ice and snow culture and economy are becoming new driving forces for the high-quality development of Harbin and a new bond linking the city and the world,” he added.

Welcoming guests to experience the city’s charm, Xi referenced the Chinese zodiac, expressing hope that the Year of the Snake would bring wisdom and vitality.

“I wish all athletes excellent performance with the agility of the snake. May you all have beautiful and unforgettable memories of ice and snow in Harbin,” he concluded.

The ninth Asian Winter Games, running from February 3 to 14, is the largest edition in history, showcasing the growing prominence of winter sports in Asia.

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