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

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

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

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

On November 18, multiple sources reported that the Vice President of Nigeria stated that the government will provide policy support and incentives to the Automotive Sector and make Nigeria the hub for both compressed natural gas (CNG) and electric vehicles (EVs) in West Africa.
The automotive sector is a critical pil

On November 14, BMW Group announced that it has secured EUR 273 million in funding from the German Federal Ministry of Transport and the Bavarian State Ministry for Economic Affairs, Regional Development and Energy for its “HyPowerDrive” project under the European IPCEI (Important Projects of Common European Interest

On November 10, the European Commission announced that five electric vehicle (EV) battery cell manufacturing projects, selected under the Innovation Fund 2024 Battery call (IF24Battery), have signed their Grant Agreements. Sourced from the EU Emissions Trading System, these projects will benefit from a total of EUR 6

On October 29, the Ministry of Economy (MoE) of the Slovak Republic announced that the Slovak government approved the investment aid for Hyundai Mobis Slovakia sro. The approval will contribute to the diversification of the production of the existing facility in Gbeľany with new products such as airbags, electronic b

Reported on October 21, 2025, BYD urged the Thai government to extend its current EV incentive program, EV 3.5, or introduce a new EV 4.0 scheme to support the country’s struggling automotive sector.
The appeal comes as the National EV Policy Committee is set to be established under Prime Minister Anuthin Chanwirakun

On October 16, BYD announced that with the start of local production of plug-in hybrid and fully electric vehicles at Camaçari complex, Brazil, the company aims to accelerate its sales expansion nationwide.
The strategy consists in offering models such as the BYD Dolphin Mini, BYD King, and BYD Song Pro to direct-sal

On October 15, the German government announced that the Federal Cabinet had decided to extend the vehicle tax exemption for all-electric vehicles (EVs) until 2035.
The new regulation in Section 3d of the Motor Vehicle Tax Act exempts new registrations or conversions until the end of 2030 (previously: the end of 2025)

On October 9, Ford Motor announced it is ending a program that would have allowed dealers to offer a USD 7,500 tax credit on EV leases after the subsidy expired September 30. "Ford will not claim the EV tax credit but will maintain the competitive lease payments we have in the market today," a spokesperson said.
The

On October 9, the Ministry of Trade and Industry, Egypt, in a social media post, announced that the National Automotive Industry Development Program aims to deepen local manufacturing and achieve economic feasibility. It is targeting a local added value of 60% and raising the local industrial component to over 35%. I

The U.S. Department of Energy (DOE) may revoke USD 1.1 billion in auto plant retooling grants for Stellantis and GM, as well as many others, that were awarded in 2024 by President Joe Biden's administration under the Domestic Manufacturing Conversion Grant program.
Among those grants were USD 500 million awarded to G

On October 1, Tesla has raised lease prices for all its vehicles in the U.S. after the USD 7,500 federal tax credit that helped boost EV sales expired, according to the company's website.
The monthly lease of the company’s best-selling Model Y increased to a range between USD 529 and USD 599, from a range of USD 479

On September 17, the Department for Business and Trade (DBT), in partnership with the Advanced Propulsion Centre UK (APC) and Innovate UK, launched a new scale-up initiative to fast-track new technologies. The fund is designed to support the development of new pilot-scale and demonstration-scale “first-of-a-kind” pro

On September 8, the French Government announced the introduction of an exceptional additional bonus of EUR 1,000 for the purchase of environmentally friendly electric vehicles, provided they are assembled in Europe and equipped with a European battery. It will start on October 1, 2025.
This bonus is in addition to th

On September 10, European Commission President Ursula von der Leyen announced that the European Commission will launch a Battery Booster package that includes several financial measures and support mechanisms. This will put EUR 1.8 billion up for equity to boost production in Europe. It will also introduce a “made in

On September 4, Rivian announced it is cutting about 200 jobs as it retools its Normal, Illinois, factory for production of the less expensive R2 crossover starting in 2026.
“We have made some recent changes to the commercial team as part of an ongoing effort to improve operational efficiency for R2,” a Rivian spokes