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Govt. incentives
Germany announces EUR 3 billion new electric car subsidy program
On January 19, the Federal Ministry for the Environment, Germany, announced a new electric car subsidy program. Both the purchase and leasing of new vehicles are eligible for funding. The available funds, totaling EUR 3 billion, are sufficient for an estimated 800,000 subsidized vehicles between 2026 and 2029.
People
Mitsubishi Motors Philippines urges timely release of CARS incentives despite funding veto
Reported on January 12, 2026, Mitsubishi Motors Philippines Corp. (MMPC) said it remains engaged with government agencies to push for the prompt disbursement of incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program, following President Marcos’ decision to veto the program’s PHP 4.32 billion
California proposes its own incentives after expiration of federal EV tax credits
On January 9, California Governor Gavin Newsom’s office released the proposed 2026-2027 budget In it, the state is proposing to set aside USD 200 million to establish a new light-duty zero-emission vehicle (ZEV) incentive program that could soften the blow from the loss of the USD 7,500 federal EV tax credit, which C
Serbia to continue electric vehicle subsidies in 2026
On January 6, the Ministry of Environmental Protection, Serbia, announced that it has allocated more than RSD 450 million to co-finance the purchase of electric vehicles. In the past year, funds have been secured for the purchase of almost 1,000 exclusively electric vehicles, with 207 individuals and 773 legal entiti
Philippine auto parts association urges talks as auto programs face funding cut
Reported on January 7, 2026, the Philippine Parts Makers Association (PPMA) warned that the President’s decision to veto funding for the CARS and RACE programs could further undermine the vehicle manufacturing sector, which is already fragile, casting doubt on the future of local car assembly.
PPMA said low productio
Thai Excise Department reportedly prepares legal action against NETA over EV subsidies
Reported on January 7, 2026, Thailand’s Excise Department is preparing legal action to track NETA’s assets following the company’s withdrawal from Thailand, a Ministry of Finance source said.
The department is set to sue Chinese EV maker NETA to recover government subsidies and enforce bank guarantees from Bangchan G
UK Government announces new funding for electric trucks
On January 6, the UK Government announced an additional GBP 18 million to increase the Plug-in Truck Grant until March 2026. Hauliers and fleet operators will access discounts of up to GBP 120,000 on new electric trucks.
The move is part of a GBP 318 million plan for green freight. The funding is set to increase zero
YLKI flags risk to Indonesia’s EV growth without government subsidies
Reported on January 1, 2026, the Indonesian Consumers Foundation (YLKI) warned that removing electric vehicle incentives could significantly affect consumers by driving up prices, while pointing out that EV sales growth in Indonesia is largely fueled by these subsidies.
YLKI’s chairperson cautioned that higher EV pri
CARS and RACE auto incentive programs cut from Philippine 2026 national budget
Reported on January 6, 2026, the Philippine government has withdrawn financial support for local automotive manufacturing after President Ferdinand Marcos Jr. vetoed funding for both the Comprehensive Automotive Resurgence Strategy (CARS) program and its replacement, the Revitalizing the Automotive Industry for Compe
China’s 2025 automobile trade-ins exceed 11.5 million units
On January 1, China’s Ministry of Commerce (MOFCOM) announced that in 2025, sales of consumer goods under the national trade-in program exceeded CNY 2.6 trillion. Specifically, over 11.5 million automobiles were purchased through the program, driving new automobile sales to stand above CNY 1.6 trillion.
New Energy Ve
Spain extends EV purchase and charging tax incentives until end of 2026
On December 23, the Council of Ministers of Spain agreed to extend tax benefits for individuals and businesses that buy EVs or install EV charging points, with personal income tax deductions of up to 15%. These measures are part of a Royal Decree-Law that extends social protection policies until 2026.
Additional ener
EU approves EUR 623 million German State aid to support two chip factories
On December 11, the European Commission approved EUR 623 million in German State aid to support the set-up of two new semiconductor manufacturing facilities in Dresden and Erfurt. The aid consists of a EUR 495 million measure for GlobalFoundries and a EUR 128 million measure for X-FAB.
GlobalFoundries project involve
GWM looks to boost Thailand plant’s annual BEV production to 14,500 units
Reported on December 11, 2025, Great Wall Motor (GWM) said it plans to expand BEV production capacity at its Thailand plant to 14,500 units over the next two years to meet EV incentive requirements and local production targets.
GWM’s local output is projected to reach 10,000 vehicles in 2025, following production of
EV charging subsidies in U.S. paused by Trump now return
Funds from the USD 5 billion NEVI charging infrastructure program that Joe Biden’s administration created to speed EV adoption are flowing again after the Trump administration froze the funds at the start of 2025. In June, a federal court overturned the suspension and the government overhauled the program to streaml
Australian government sets review of Electric Car Discount scheme
Announced on December 12, 2025, the Australian government under Prime Minister Anthony Albanese released the terms of reference for the statutory review of the Electric Car Discount, which has been in place since July 2022.
The policy, which provides fringe benefits tax (FBT) and tariff exemptions, has helped accele
Renault and MINI models are added to UK’s Electric Car Grant
On December 3, the UK Government announced that Renault 4, Renault 5, Alpine A290 and MINI Countryman now qualify for the full GBP 3,750 Electric Car Grant (ECG). The update doubles the number of EVs eligible for the top discount, giving buyers GBP 3,750 off a total of eight popular models.
The government has allocat
Wolfspeed receives USD 698.6 million from U.S. to accelerate silicon carbide materials
On December 1, Wolfspeed Inc., a leader in silicon carbide technology and production, announced that it has received USD 698.6 million in cash tax refunds from the Advanced Manufacturing Investment Credit (AMIC) under Section 48D of the Internal Revenue Code.
As a part of the CHIPS Act of 2022 enacted under Presiden
Vulcan Elements and ReElement Technologies receive USD 700 million U.S. loan
On November 21, the U.S. Office of Strategic Capital (OSC) announced a joint USD 700 million conditional loan commitment for Vulcan Elements and ReElement Technologies to increase domestic Neodymium Iron Boron (NdFeB) magnet production and significantly bolster U.S. critical minerals supply chains.
The two loan porti
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