ing:    •    Both the USD 7,500 federal EV tax credit for new lease or purchased electric vehicles will end on September 30, 2025, which is also true of the USD 4,000 credit for used EVs.   •    Elimination of fines for automakers that do not meet certain corporate average fuel economy (CAFE) standards, as well as no fines for automakers that violate CAFE rules in certain cases.   •    A new tax deduction of up to USD 10,000 of ...

News  Updated at: 2025/07/08

selling less than 100 units, to 1,500 units after product improvements. Toyota’s new efforts to revamp the bZ4X may raise the proportion of EVs in Japan. The first factor behind the price cut is Japanese fuel efficiency standards, which requires the improvement of Corporate Average Fuel Economy (CAFE) by more than 30% in the fiscal year that starts in April 2030 (FY 2030) from the FY 2016 figure. For this reason, Toyota will focus on the sales...

News  Updated at: 2025/06/10

U.S. NHTSA releases interpretive rule “resetting” CAFE program On June 6, Transportation Secretary Sean Duffy presented the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) interpretive rule, “Resetting the Corporate Average Fuel Economy Program”. The rule claims that the Biden Administration ignored statutory requirements for original CAFE language used 47 years ago to cover ICE-powered cars an...

News  Updated at: 2025/06/10

t that utilizes generative AI, voice recognition and speech synthesis technologies to make various operating decisions based on interactions with humans. Users can experience the Jullie as a driving partner. If the driver mentions fatigue, Jullie will interact with the driver, propose stopping at a cafe, and recommend good spots. The system also incorporates data from the company's smartphone app "yuriCargo," which scores drivers' driving, and g...

News  Updated at: 2025/05/23

an incentive for carbon capture that provides as much as USD 85 a ton and extended by four years an incentive that provides a per-gallon credit for makers of biofuels and other so-called clean transportation fuels. Additionally, the bill is aiming to rescind existing corporate average fuel economy (CAFE) standards and greenhouse gas emission rules for 2027 and beyond. The bill is set for a House Ways and Means Committee hearing on May 13 for a ke...

News  Updated at: 2025/05/14

Renault 2024 financial presentation and Q&A: Record Profits, EV Cost Reduction, and Strategies to Overcome CAFE 2025 Challenges On February 20th, Renault held the presentation for the 2024 financial results. The event was presented by Mr. Luca de Meo (CEO) and Mr. Thierry Piéton (CFO of Renault Group), who will step down from the position. Mr. Piéton will be succeeded by Mr. Duncan Minto, present CFO of Alpine.  Key points for 2024 results: R...

News  Updated at: 2025/02/21

Mazda to open “Mazda Trans Aoyama” brand experience facility on February 6 Mazda Motor Corporation (Mazda) unveiled its new “Mazda Trans Aoyama” (Minato Ward, Tokyo) facility for Mazda brand experiences to the press on February 4. The new facility will officially open on February 6. The Mazda Trans Aoyama, located on the ground and second floors in a commercial building, features glass walls and a spacious feeling. On the ground floor, it...

News  Updated at: 2025/02/05

ies that began discussions on energy conservation, including setting ambitious goals for solar energy and revitalizing the Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA). His efforts led to the introduction of the Corporate Average Fuel Economy (CAFE) standards, which significantly impacted fuel efficiency and the development of electric vehicles, hybrids, and alternative fuels. Carter also ad...

News  Updated at: 2024/12/31

ccess to EV charging subscriptions and home charging solutions, and seamless integration with the Gentari Go platform, especially with Perodua’s upcoming affordable EV launch in 2025. The other MoU was signed between Perodua Sales and PETRONAS Lubricants Marketing Sdn Bhd (PLMMSB), Mesra Retail & Cafe Sdn Bhd (MESRA), and Setel Ventures Sdn Bhd (Setel). This will deepen their joint commitment to enhancing customer experience across every intera...

News  Updated at: 2024/11/22

mp administration could potentially incentivize US assembly of Chinese EVs or battery production. Regulations “The pro-internal combustion engine (ICE) agenda is likely to slow the emissions reductions regulation by the Environmental Protection Agency (EPA) and the Corporate Average Fuel Economy (CAFE) improvements by the National Highway Traffic Safety Administration (NHTSA). We anticipate a repeal of the EPA waiver for California’s Advanced...

News  Updated at: 2024/11/07

U.S. NHTSA finalizes 50.4-mpg CAFE standard in rules for 2027-2031 On June 7, the U.S. Department of Transportation’s National Highway Transportation Safety Administration issued scaled back fuel economy standards in its final regulation of Corporate Average Fuel Economy (CAFE) standards set for new vehicles into the next decade. The final rule establishes standards that would require an industry-wide fleet average of approximately 50.4 miles p...

News  Updated at: 2024/06/08

rule. Compared to the existing MY 2026 standards, the final MY 2032 standards represent a nearly 50% reduction in projected fleet average GHG emissions levels for light-duty vehicles and 44% reductions for medium-duty vehicles.  Expecting OEMs to increase the availability of EVs and PHEVs to meet CAFE numbers, the standards will save the average American driver an estimated USD 6,000 in reduced fuel and maintenance over the life of a vehicle. T...

News  Updated at: 2024/03/21

vehicles through 2030 and still meet overall Corporate Average Fuel Economy requirements than under the tougher, initial Department of Energy proposal. The decision is a win for all automakers and the UAW that warned that the proposal could have resulted in U.S. companies facing USD 10.5 billion in CAFE fines through 2032 for not meeting fuel-economy requirements. Under the prior proposal, GM would face USD 6.5 billion in fines, followed by Stell...

News  Updated at: 2024/03/20

in 2023. India: Despite the GST tax rate for HEVs being in the same range as ICE and significantly higher than BEV, key OEMs such as Toyota and Suzuki have introduced more HEV models to their line-ups to earn “super credits” and reduce fleet-average CO2 emissions to meet their targets under the CAFE (Corporate Average Fuel Economy) norms, making them more affordable and competitive. Japan: As the undisputed leaders in hybrid technology, Japan...

News  Updated at: 2024/03/07

the election of the European Parliament in June 2024 that are expected to directly affect Renault’s business concerning taxes and Chinese cars. Can you discuss Renault's flexibility to adapt to political changes? Do you anticipate industry pushback depending on the severity of the regulations and CAFE Standards? -    CEO Luca de Meo: Nothing has been decided yet before the European Parliament elections. Due to regulations pushing for a quick ...

News  Updated at: 2024/02/16

Hyper opens super charging and battery swapping center, announces 10,000 Charging Stand Plan On December 28, Hyper, a GAC Aion sub-brand, held an event for the opening of a super charging and battery swapping center and the announcement of the 10,000 Charging Stand Plan in Jiangbeizui, Chongqing. Co-built by GAC Energy Technology Co., Ltd. (GAC Energy) and an investment company, the super charging and battery swapping center functions as a super ...

News  Updated at: 2024/01/03

, its layout adjustments have lowered the overall height of the unit, contributing to greater safety for the small vehicles it is installed in. By downsizing the mechanical oil pump, mechanical losses were reduced and fuel economy was improved. The greenhouse gas/corporate average fuel economy (GHG/CAFE) standards for the United States of America have also been met. (From a press release dated October 12, 2023)...

News  Updated at: 2023/10/24

maximum impact. GM’s new system enables larger portions of the seatbelt to be thermally controlled, versus previous systems, especially electric resistance heaters.It is unclear whether GM will make these components themselves, or if they will be provided by a supplier. Such ideas can help with CAFE by qualifying for so-called “off-cycle” credits. Source: Carbuzz article from September 26, 2023...

News  Updated at: 2023/09/29

Singapore e-motorbike brand SLEEK EV gets Pre-Series A funding led by Thai ORZON Ventures Announced on September 6, 2023, SLEEK EV secured a strategic Pre-Series A funding led by ORZON Ventures, a leading venture capital powered by OR and 500 TukTuks. Co-investors in the round include January Capital and A2D Ventures. This strategic investment will drive SLEEK EV's mission to accelerate the transition of 2-wheelers in Southeast Asia to electric.A...

News  Updated at: 2023/09/07

Enigma Automobile, India to launch its 6 electric scooters by end of 2023 On May 16, multiple sources reported that Enigma EV plans to launch six high-speed electric two-wheelers by the end of 2023. The lineup will consist of five B2B (business-to-business) products and one B2C (business-to-consumer) product. Among them is the Café Racer-Enigma CR22, a high-speed EV bike with a top speed of 120 kmph and a single-charge range of 105 km. Additiona...

News  Updated at: 2023/05/17