Japan to revise governmental subsidies for CEVs from January 2026 based on US-Japan tariff agreement The Japanese government has decided to revise the “Subsidies to Promote the Introduction of Clean Energy Vehicles (CEV Subsidies)” policy from January 2026. Tokyo is making a final adjustment to raise the subsidy cap for electric vehicle (EV) purchases from JPY 900,000 to JPY 1,300,000 and lower the cap for fuel cell vehicle (FCV) purchases fr...

News  Updated at: 2025/12/19

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 streamline applications and rules around how the charging money could be deploye...

News  Updated at: 2025/12/17

Ontario announces VW PowerCo construction milestone in St. Thomas On October 28, the Ontario government announced a major milestone in the construction of Volkswagen’s PowerCo facility in St. Thomas, which is on track to become Canada's largest electric vehicle (EV) battery plant with initial production set to begin in 2027.  With contracts awarded to two Ontario-based companies, concrete pouring is officially underway at PowerCo’s USD 7 bil...

News  Updated at: 2025/11/01

Posco Future M to start operating cathode material plant in Canada in October 2026 Several South Korean media sources reported that Posco Future M Co., Ltd. has decided to start operating its cathode material plant in Bécancour, Quebec, Canada, in October 2026. The company established Ultium CAM, a joint company between GM, in 2022. Although the plant was being built to complete it by September 30, 2024, the operational launch has been indefinit...

News  Updated at: 2025/10/24

Hyundai confirms USD 2.7 billion Metaplant expansion, growth plans for U.S. On September 18, Hyundai Motor Group CEO José Muñoz confirmed the comapny is going forward with previously announced Phase 2 plans at its Metaplant site that would increase production capacity by 200,000 over the next three years, to a total of 500,000 vehicles annually by 2028, with a mix of 10 hybrid and EV models, and its USD 2.7 billion investment creating 3,000 new...

News  Updated at: 2025/09/20

will redefine the automotive experience. Hyundai reaffirmed its target of 5.55 million global sales by 2030, with electrified models expected to reach 3.3 million units, or 60% of the total. ・The hybrid lineup will expand to more than 18 models, including Genesis hybrids from 2026. Extended Range EVs (EREVs) will debut in 2027, offering over 600 miles (960 km) of range through optimized battery-engine integration.・The EV roadmap includes regi...

News  Updated at: 2025/09/19

for the Phase One Lionheart Project and a second phase to produce battery-quality lithium hydroxide monohydrate (LHM) at Industrial Park Höchst, Frankfurt, Germany. In Phase One, the CLP will be able to produce up to 24,000 tonnes of lithium hydroxide monohydrate (LHM) each year, enough for around 500,000 electric vehicle (EV) batteries. In the second phase, the production and storage facilities at Frankfurt-Höchst can be expanded further. The ...

News  Updated at: 2025/09/12

U.S. auto sales rise 2.3% in August as demand for EVs surges as subsidies end in September Note: Some figures were updated on September 9. MarkLines' preliminary figures for August 2025 (including estimates from GM, Stellantis, Tesla, and others) compiled as of September 4 show that U.S. new car sales increased 2.3% year-on-year to 1,459,369 units. The number of business days in August was 27, one day fewer than the same month last year.GM, Ford,...

News  Updated at: 2025/09/04

PLN introduces HCS Ultima new Home EV Charging Service in Indonesia Announced on August 30, 2025, PT PLN (Persero), Indonesia has launched Home Charging Services (HCS) Ultima, the latest home EV charging solution, featuring faster installation, real-time tracking, and seamless integration via the PLN Mobile app. Installation for low-voltage connections now takes seven working days, with customers able to monitor every step on their phones. East J...

News  Updated at: 2025/09/01

Pavna Industries, India forms JV with Taiwan’s SmartChip Microelectronic On August 14, Pavna Industries Limited entered into a joint venture agreement with Taiwan-based SmartChip Microelectronic Corporation (SMC) to manufacture electronic components for automotive (ICE and EV) and a range of other segments, including hardware for residential and commercial locks, aerospace, and medical industries. Under the JV, Pavna will hold an 80% stake and ...

News  Updated at: 2025/08/18

GM’s EV strategy boosted by new Ancker-Johnson Battery Cell Development Center On July 14, General Motors President Mark Reuss talked about his company’s strategy in building a North American supply chain to power its lineup of EVs.    •    With the Ultium Cells plants in Spring Hill, Tennessee and Warren, Ohio, GM has the largest OEM battery cell manufacturing capacity in the U.S. Building on a USD 2.3 billion commitment, Ultium Cells ...

News  Updated at: 2025/07/16

Guangzhou to promote development of ICV, NEV industries On June 23, the People’s Government of Guangzhou Municipality issued the “Guangzhou Three-year Action Plan to Promote the Development of the Intelligent Connected Vehicle (ICV) and New Energy Vehicle (NEV) Industries” (the Plan). With the “three horizontal technology paths (NEVs, autonomous vehicles, and fuel cell vehicles (FCVs)), three vertical technology paths (passenger vehicles,...

News  Updated at: 2025/06/26

GM/Samsung SDI EV battery plant construction underway in Indiana after delays Construction of a USD 3.5 billion GM/Samsung SDI EV battery plant between South Bend and New Carlisle, Indiana, is underway after initial delays and partnership changes, according to said Jeff Rea, president and CEO of the South Bend Regional Chamber of Commerce on June 17, “There were questions whether it was real, so construction is an affirmation that it is moving ...

News  Updated at: 2025/06/24

rd of directors approved the execution of a joint venture agreement (JVC) with Egtronics Co. Ltd., South Korea. SAMIL will have 51% shares in JV while Egtronics will have 49%.  The JVC will be consolidated by SAMIL. The new company shall be incorporated with an initial paid-up share capital of INR 500,000. The JV will have its manufacturing operations established in India with global sales (excluding South Korea). The strategic partnership will ...

News  Updated at: 2025/06/20

Toyota to drastically cut price of bZ4X Toyota Motor Corporation (Toyota) plans to reduce the price of its bZ4X electric vehicle (EV) by more than JPY 500,000 in Japan in the second half of 2025. The price after subtracting a subsidy will be around JPY 4 million. Toyota will also add a new version that travels more than approximately 700 km. The company aims to increase the monthly sales of the bZ4X, currently selling less than 100 units, to 1,50...

News  Updated at: 2025/06/10

t SUV to be based on a battery electric platform, in Shanghai. The Elexio, a Hyundai battery electric model for the Chinese market, integrates modern aesthetics, cutting-edge technologies, and high quality. As a variation of the word “electric”, the name manifests distinct characteristics of an EV. Exterior design: Adopting a minimalistic exterior design concept, the Elexio not only has a pure and tough temperament, but also presents a distin...

News  Updated at: 2025/05/12

the launch of new models, increasing consumer adoption, and the expansion of charging infrastructure. In 2025, electrified vehicles are still expected to account for 4% of total vehicle sales. This would translate to around 20,000 units, as local vehicle sales are expected to reach a record-high of 500,000 units. CAMPI, however, did not anticipate the local production of EVs soon, while pointing out that the high volume of sales must come first. ...

News  Updated at: 2025/02/27

Zypp Electric, India to deploy 100,000 electric two-wheelers in partnership with Indofast Energy On February 19, Zypp Electric, in partnership with Indofast Energy (a 50-50 joint venture between Indian Oil and SUN Mobility), announced plans to deploy 100,000 electric two-wheelers (E2Ws) over the next 12-18 months. This initiative builds on the existing deployment of 10,000+ EVs by Zypp Electric, supported by Indofast Energy’s battery-swapping i...

News  Updated at: 2025/02/24

U.S. Republicans call to end tax credit, add USD 1,000 new tax on new EVs On February 12, Sen. John Barrasso, R-Wyo., with a group of 14 Republican senators signed on as co-sponsors, introduced legislation that could effectively end the EV tax credit. If adopted by Congress it might take effect as soon as 30 days after enactment.  The EV tax credit is not just one tax credit, but three different EV affordability credits. In addition to IRS 30D, ...

News  Updated at: 2025/02/21

Tesla increases Model X by USD 5,000, losing U.S. EV tax credit qualification On February 6, Tesla increased the price of both of its Model X trims by USD 5,000, marking the first time the flagship SUV has seen a bump in price since July 2024, when it was increased by just USD 2,000. The increase now puts the trims over the USD 80,000 limit for the Federal EV Tax Credit of USD 7,500, effectively raising the price to consumers by USD 12, 500. The ...

News  Updated at: 2025/02/11