On July 15, the UK Government announced a GBP 650 million Electric Car Grant (ECG) scheme. Supporting the manifesto commitment to phase out the sale of new gasoline and diesel cars by 2030, the ECG will back UK and other manufacturers, with eligibility dependent on the highest manufacturing sustainability standards. 

On July 11, multiple sources reported that the Ministry of Heavy Industries stated that the Indian government is working on a scheme to incentivise domestic rare earth magnet production. It is currently under inter-ministerial consultation. It will have a financial allocation of INR 13.45 billion. 
Based on multiple

On July 11, the Ministry of Heavy Industries (MHI), Government of India, announced a new incentive scheme under the PM E-DRIVE initiative to promote the adoption of electric trucks. The scheme covers N2 category trucks (GVW above 3.5 tonnes and up to 12 tonnes) and N3 category trucks (GVW above 12 tonnes and up to 55

On July 8, Ford Motor Co. said it will continue building its USD 3 billion battery plant in Marshall, Michigan, after President Trump’s newly enacted USD 3.4 trillion budget legislation retained key production tax credits that an earlier proposal by Congress would have eliminated.
“BlueOval Battery Park Michigan is o

On July 7, the Ministry of Trade and Industry, Egypt, reviewed with auto manufacturers the new amendments to the National Program for the Development of the Auto Industry. The new program amendments aim to provide real incentives for automakers and ensure the program's sustainability, deepening local auto manufacturi

Within the big beautiful spend-and-tax bill passed under President Trump’s July 4 deadline were a number of automotive related items, including:
   •    Both the USD 7,500 federal EV tax credit for new lease or purchased electric vehicles will end on September 30, 2025, which is also true of the USD 4,000 credit for

On July 4, the European Commission announced that six electric vehicle (EV) battery cell manufacturing projects will receive a total of EUR 852 million in grants from the Innovation Fund, using revenues from the EU Emissions Trading System (EU ETS).
These projects will help the EU to meet its decarbonization goals, w

On June 27, the Ministry of Transport and Communications, Finland, announced that it is inviting comments on a draft government proposal for a new act on scrapping premiums for passenger cars for the years 2026–2027. 
Under the proposal, the state would offer a scrapping premium of EUR 2,500 for the purchase of a new

Reported on June 25, 2025, the Federation of Thai Industries (FTI) has expressed strong support for the government’s proposed trade-in scheme aimed at reviving sluggish pickup truck sales.
The FTI projects the program could boost sales by 50,000–100,000 vehicles and recommends extending it to passenger cars. With aro

On June 24, the Ministry of Heavy Industries (MHI) announced the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI). The application portal will be open for applications from June 24, 2025, and will remain open until October 21, 2025.
The S

On June 16, U.S. Senate Republicans proposed a tax budget bill that would end the USD 7,500 federal EV tax credit 180 days after its signed into law if it reaches the president’s desk. It would also eliminate the USD 4,000 incentive on used EVs 90 days after approval.
The Senate plan is slightly different than the Ho

On June 17, the Prime Minister of Russia announced that Russia allocated over RUB 350 billion, primarily to subsidize production, including those abandoned by foreign companies. As a result, Russia has already launched 10 modern sites - in Tolyatti, Izhevsk, Moscow, St. Petersburg, Tula, Kaluga regions, and several o

On June 3, five Chinese government bodies including the Ministry of Industry and Information Technology (MIIT) jointly issued a notification of launching a 2025 campaign for the rural spread of New Energy Vehicles (NEVs).
The campaign aims to select NEVs meeting the usage requirements in rural areas and with good wor

On June 2, the Government of India approved a scheme to promote the domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs). It will attract investments from global electric vehicle (EV) manufacturers and promote India as a leading manufacturing destination for EVs. 
The approved appli

The comprehensive tax and funding bill passed by the U.S. House on May 22 would allow a tax deduction on up to USD 10,000 in auto loan interest per year for the 2025 to 2028 tax years, seen as another incentive, beyond tariffs, to purchase domestically made vehicles.
Only vehicles assembled in the U.S. would qualify

On May 22, the U.S. Senate voted to block California's first-in-the-nation rule banning the sale of new gas-powered cars by 2035 as lawmakers passed the first of three resolutions to roll back the state's vehicle emissions standards.
The vote sends President Donald Trump the measure to repeal a waiver granted by the

Announced on May 19, 2025, the Thailand Board of Investment (BOI) will suspend promotion for certain business types, particularly those at risk of oversupply or with potential environmental impacts.
The suspension, either full or partial, affects sectors such as specific vehicle parts manufacturing, including lead-ac

On May 12, the U.S. House Of Representatives Ways and Means Committee introduced a bill that would end the USD 7,500 federal clean vehicle tax credit after 2026, with the federal USD 4,000 used clean vehicle tax credit going away at the end of 2025. 
Only manufacturers that have sold fewer than 200,000 electric vehic

U.S. House Speaker Mike Johnson recently said that the electric vehicle tax credit was more than likely headed for dismantling, stating, “I think there is a better chance we kill it than save it.” House Republicans hope to cut USD 2 trillion in spending in the face of USD 4.5 trillion in lost revenue as a result of T

Announced on April 28, 2025, the Thai Cabinet has approved (i) a reduction in excise tax for hybrid and mild hybrid vehicles to between 6% and 12%, and (ii) an extension of the production period for compensatory vehicles under the EV3 program to better align with domestic market conditions. 
These measures are design