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

On January 8, General Motors disclosed another USD 6 billion hit from unprofitable EV investments. GM reported the loss to the U.S. SEC as an impairment charge, reflecting assets not expected to bring in profits as initially expected. GM also said in the same filing that it will face a USD 1.1 billion charge from res

On December 18, Prime Minister Mark Carney announced that Canada will begin formal talks with the United States in January to review the U.S.-Mexico-Canada trade agreement (USMCA). Internal Trade Minister Dominic LeBlanc will lead discussions with U.S. counterparts. Carney said Canada also plans to pursue additional

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

On December 11, the Alliance for Automotive Innovation, which represents General Motors, Ford, Toyota Motor, Volkswagen, Hyundai, Stellantis and other major OEMs, urged Congress and the Trump administration to prevent Chinese government-backed automakers and battery manufacturers from opening U.S. manufacturing plan

Volvo Cars said it will not continue sales of its 2026 EX90 in Canada, as the electric three-row crossover is built in the U.S. and subject to 25% Canadian counter-tariffs.
Canada introduced retaliatory tariffs on U.S.-built vehicles this April, soon after U.S. President Trump enacted a 25% tariff on vehicles import

On December 8 in a post on Truth Social, U.S. President Trump said he had told China’s President Xi Jinping that the US would allow Nvidia “to ship its H200 products to approved customers in China . . . under conditions that allow for continued strong National Security. President Xi responded positively!”
Trump adde

On December 8, U.S. President Trump warned that he will impose an additional 5% tariff on Mexico if it does not immediately release water owed to the U.S. under a 1944 treaty. 'Mexico continues to violate our comprehensive Water Treaty, and this violation is seriously hurting our BEAUTIFUL TEXAS CROPS AND LIVESTOCK,'

On December 8, U.S. President Trump said he would sign an executive order this week to create a single national rule for artificial intelligence. “There must be only One Rulebook if we are going to continue to lead in AI... I will be doing a ONE RULE Executive Order this week. You can’t expect a company to get 50 App

On December 8, Stellantis announced it will offer its all-electric Fiat Topolino small car in the U.S. Without announcing timing for the vehicle, Fiat CEO Olivier François confirmed plans to bring the vehicle to the market, with “more details to come next year.”
Fiat’s announcement comes less than a week after Presid

On December 5, U.S. President Donald Trump spoke with Prime Minister Mark Carney and Mexican President Claudia Sheinbaum at the draw for the 2026 FIFA World Cup at the Kennedy Center in Washington. The three later met privately on the sidelines of the event, with no staff in the room, in a meeting that lasted about 4

On December 4, U.S. Transportation Secretary Sean Duffy said that the new fuel economy rollback proposal announced the day before on December 3 could allow automakers to resume building station wagons, a common means of family travel in the 1970s and '80s.
Duffy said that the existing fuel economy regulations led man

On December 3, at the UBS Global Industrials and Transportation Conference, Lucid Group Chief Financial Officer Taoufiq Boussaid said that Lucid’s upcoming midsize electric SUV, expected to be named the Lucid Earth, will be made first in Saudi Arabia.
The midsize platform is aimed at underpinning three different cars

On December 3 at the White House as changes in fuel efficiency standards were being announced, U.S. President Trump, apparently recalling the small kei cars he saw during his recent trip to Japan, called for them to be built and sold in the U.S.
“They’re very small, they’re really cute, and I said ‘How would that do

On December 4, Jarrod Agen, executive director of the National Energy Dominance Council, said that the U.S. government plans to take more equity stakes in critical minerals companies.
“I think they’re the norm from our perspective,” said Agen, speaking at a forum in Washington. “There is a broad scope of different co

On December 3 at the New York Times DealBook Summit, U.S. Treasury Secretary Scott Bessent predicted that the Trump administration will be able to implement its tariff agenda regardless of whether or not it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the start of the

On December 3, the U.S. Department of Transportation Secretary Sean P. Duffy alongside U.S. President Donald Trump announced the administration’s new “Freedom Means Affordable Cars” proposal to reset the National Highway Traffic Safety Administration (NHTSA)’s corporate average fuel economy (CAFE) standards.
The new

In a statement posted on X on December 1, 2025, U.S. Commerce Secretary Howard Lutnick confirmed that the U.S. will retroactively lower South Korea general import tariffs, which include tariffs on the automotive market, to 15%, retroactive to November 1. This comes after South Korea’s ruling party proposed a bill on

The U.S. is holding public hearings this week in Washington D.C. as part of a mandatory review of the U.S.-Mexico-Canada Agreement (USMCA), as it’s known in the U.S, or Canada-U.S.-Mexico Agreement (CUSMA) as it is known there. The formal review of the agreement is due to start July 1, 2026.
Canadian Prime Minister M