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

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 3, 2025, the Ministry of Road Transport and Highways highlighted that under Rule 126 of the Central Motor Vehicles Rules, 1989, every vehicle manufacturer or importer in India must submit a prototype of each motor vehicle model to designated test agencies to obtain a compliance certificate before the vehi

On December 1, it was reported that Argentina’s Revenue and Customs Control Agency (ARCA) updated the taxable base for internal taxes applied to vehicles, motorcycles, boats, and aircraft sold in the country. The measure concerns the so-called luxury tax, which now affects only high-end vehicles.
Between 2014 and ear

The South Korean government unveiled on November 28, 2025, the K-Battery Competitiveness Enhancement Plan to comprehensively support related areas from R&D, supply chain, and industrial infrastructure. 
The government will establish a 2035 roadmap for the secondary battery industry and technology by the end of 2025 t

On December 1, the Director General of the European Automobile Manufacturers’ Association (ACEA) listed five major recommendations for the upcoming Commission’s Automotive Package. 
ACEA suggested a bolder approach to regulatory simplification in the automotive sector, supported by dedicated industrial policy tools a

On December 1, Tunisia Investment Authority (TIA), in a social media post, announced that it held a meeting with the Tunisian Automotive Association and a delegation from GRITSIL, a prominent Chinese company specializing in silicone components for wire harnesses, e-mobility applications, and advanced battery solution

On November 26, it was reported that Mexico’s automotive industry urged the government to maintain existing foreign trade programs that ensure access to imported essential components for vehicle manufacturing, amid discussions about imposing new tariffs on products from countries without trade agreements with Mexico.

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

On November 26, Prime Minister Mark Carney’s government announced it will lower the tariff-rate quota level for steel imports from countries with which Canada does not have a trade agreement to 20% from 50%. Steel produced in those nations will face a tariff when their volumes exceed 20% of what they sold to Canadian

On November 24, multiple media reported that U.S. President Donald Trump met with Crown Prince Mohammed bin Salman of Saudi Arabia on November 18, and hosted a dinner for him attended by a number of industry executives including Ford Executive Chairman Bill Ford, General Motors CEO Mary Barra, and Tesla CEO Elon Musk

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 26, the Minister of Commerce, China discussed trade and economic issues, such as Nexperia, with the European Commissioner for Trade and Economic Affairs. The Minister of Commerce stated that the root cause and responsibility for the current chaos in the global semiconductor supply chain regarding the Nexp

On November 28, German Chancellor Friedrich Merz stated that the government intends to strengthen the automotive industry while reconciling climate protection, competitiveness, and job security. He said that after 2035, not only purely electric vehicles but also plug-in hybrids and range extenders should continue to

On November 26, Flex officially inaugurated its new automotive manufacturing facility at ZalaZONE InnoTech in Zalaegerszeg, Hungary. The new site, spanning 10,000 square meters, will produce compute platforms for software-defined vehicles and high-voltage power electronics for next-generation hybrid and electric vehi

On November 26, the Swedish Energy Agency announced that Stegra has been granted about EUR 37 million from the Industrial Leap. The grant goes towards the establishment of Stegra’s fully integrated near-zero emission steel production facility in Boden.
In September 2024, Stegra was awarded EUR 100 million from the In

On November 26, the UK Government announced that it is introducing Electric Vehicle Excise Duty (eVED), a new mileage charge for electric and plug-in hybrid cars, which will come into effect from April 2028. Drivers will pay for their mileage alongside their existing VED.
While it is fair for EV drivers to contribute

On November 25, the First Deputy Prime Minister of Russia held a meeting to update the Automotive Industry Development Strategy 2035, which was approved in 2022. In updating the Strategy, priority will be given to developing domestic platform solutions, unifying them, and standardizing the component base.
At present,

On November 26, the Ministry of Industry, Egypt, held a meeting with representatives of 23 bus, vehicle, and component manufacturing companies to review the capabilities of localization.
The ministry reviewed the list of components targeted for localization, which includes steel used in structures and strategic compo

Reported on November 26, 2025, Indonesia’s Coordinating Minister for Economic Affairs stated that the government does not intend to provide automotive incentives in 2026, citing strong sales at the 2025 auto exhibition as evidence that the sector can operate without additional fiscal support.
The statement clarified