the most affordable source of energy. This requires lowering the cost of electricity used to charge vehicles. The EU Energy Taxation Directive and national energy taxes and levies should reflect this.  Second, this crisis highlights the need to incentivise renewable fuels. Many short-term steps to cut fuel prices treat all fuels the same, no matter how polluting they are. Instead, price relief should reward cleaner fuels.  Based on ACEA press r...

News  Updated at: 2026/05/06

Honda adjusts Prologue EV price to meet current U.S. market Honda has slashed the price of the 2026 Prologue by USD 7,500, the equivalent of the U.S. EV tax credit that buyers used to get, across all trim levels. Starting just under USD 40,000, a Honda spokesperson said that the company had cut the Prologue's pricing "to better align with the needs of our customers and market conditions, as well as our long-term strategic goals". The base 2026 Ho...

News  Updated at: 2026/04/07

GlobalData blog: Will the Iran crisis derail the European truck market’s recovery in 2026? Since Israeli and US missile strikes on Iran began on 28 February, the effective closure of the Strait of Hormuz has jeopardised global oil and gas transport and is resulting in sharply spiking oil prices that are translating into soaring fuel and heating oil prices. More than a quarter of all sea-borne crude oil is transported via the Strait of Hormuz (~...

News  Updated at: 2026/03/11

Tesla finds price to push Cybertruck demand, but limits deliveries until 2027 On March 1, Tesla upped the recently low price of the Cybertruck Dual-Motor AWD trim by USD 10,000 to USD 69,990, an increase of 16.7%. Tesla first showed a USD 59,990 Dual-Motor AWD on its Online Design Studio a week and a half earlier, with deliveries to start in summer 2026 until sometime out in 2027. However, staring from now, ordering the same trim will be USD 10,0...

News  Updated at: 2026/03/04

Volvo Cars, Polestar examining Chinese EV imports to Canada following tariff cut With Canada’s recent change in allowing imported cars from China at a preferred 6.1% tariff rate, down from 100%, many OEMs currently selling vehicles in Canada are considering bringing in their vehicles built in China. Volvo Cars Canada began importing the EX30 electric crossover built in Zhangjiakou Plant, China in 2024, but in October of that year, Canada follow...

News  Updated at: 2026/02/21

for 94% of the tariff increases, which lowered to 92% in September and October, before settling at 86% in November. The report authors based their analysis on how tariffs worked in the first Trump term. When faced with similar taxes, “our past work found that foreign exporters did not lower their prices at all, so the full incidence of the tariffs was borne by the U.S. That is, there was 100% pass-through from tariffs into import prices.” The...

News  Updated at: 2026/02/14

each year to enter the country at a reduced tariff of 6.1%. This strengthens China–Canada trade relations and will help its company’s growth in the North American market. The new policy will create a strong opportunity for Lotus Tech to reposition its brand. The new tariff policy is expected to cut the Lotus Eletre’s planned retail price in Canada by around 50%, making it far more competitive. Based on Lotus Technology press release...

News  Updated at: 2026/01/19

Maruti Suzuki, Q2 net profit up 7.3%, domestic wholesale volume falls on GST price cut expectations On October 31, Maruti Suzuki, India announced domestic wholesale volume decline of 5.1% year over year to 440,387 units in Q2 of FY2025-2026. This was due to customers deferring buying because of expectation of GST led price reduction from September 22, 2025. Exports grew by a robust 42.2% to 110,487 units, the highest-ever in any quarter. The over...

News  Updated at: 2025/11/05

Bosch to cut 13,000 more jobs in Germany by 2030 Robert Bosch GmbH (Bosch) announced plans to cut around 13,000 additional jobs at its Mobility locations in Germany by 2030. The move is part of efforts to close an annual cost gap of approximately EUR 2.5 billion worldwide in its Mobility business. This gap stems from weak global vehicle demand, delayed adoption of electromobility, automated driving, and hydrogen technologies, a market shift towar...

News  Updated at: 2025/09/26

U.S. OEMs call for EPA to ease tailpipe emissions rules signed in June The Alliance for Automotive Innovation, which represents General Motors, Toyota Motor Corp., Volkswagen Group, Hyundai Motor Co. and other major OEMs, said in a filing with the Environmental Protection Agency that legislation signed by President Trump in June will increase the effective price of EVs and could lead to a near-term decline in EV market share. “The 2027 and late...

News  Updated at: 2025/09/25

Indian two-wheeler OEMs slash prices after GST reduction from 28% to 18% On September 3, the GST Council approved sweeping tax reforms for India’s auto sector, slashing GST on motorcycles and scooters below 350cc from 28% to 18%, effective September 22, 2025. The move covers 98% of India's two-wheeler market and has prompted major OEMs to roll out significant festive price cuts. Hero MotoCorp announced reductions of up to INR 15,743, Royal Enfi...

News  Updated at: 2025/09/10

Kanagawa Prefecture to assist small and medium-sized companies affected by Nissan’s production shift Kanagawa Prefecture announced that it will launch a preferentiall loan program for small and medium-sized companies being affected by the production cut of Nissan Motor Co., Ltd. (Nissan). The prefecture will lend up to JPY 80 million with an annual interest rate of 1.3 to 1.9% or lower. It reviewed its special loan system, initially designed to...

News  Updated at: 2025/09/10

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

BYD cuts prices of several models, with maximum reduction exceeding 30% On May 23, BYD cut the respective prices of the intelligent driving variants of the 2nd-generation Qin Plus DM-i and the Qin L DM-i from CNY 79,800 to CNY 63,800 and from CNY 99,800 to CNY 79,800, valid until June 30. According to multiple press releases, BYD subsequently cut the prices of the intelligent driving variants of 22 models such as the 2nd-generation Yuan Plus and ...

News  Updated at: 2025/06/03

2023 has stalled and the region is now experiencing a downturn. Economic conditions are a major factor behind the decline. Eurozone GDP remains sluggish, and high inflation persists, leaving the European Central Bank (ECB) facing increasing uncertainty regarding its monetary policy and decision to cut interest rates. Affordability has become a central barrier, and even with the introduction of more hybrid and electric options, price sensitivity ...

News  Updated at: 2025/05/08

Nissan lowers pricing of top models in U.S. as tariffs arrive On April 1, Nissan announced it is lowering the Manufacturer's Suggested Retail Prices (MSRP) across the entire line of the popular 2025 Rogue and 2025 Pathfinder SUVs, with reductions ranging from USD 670 to USD 1,930. The Rogue's top price cut is USD 1,930 and the Pathfinder is USD 1,170. The price cuts were announced as 25% U.S. import tariffs are set to begin on vehicles and parts....

News  Updated at: 2025/04/04

Rivian 'on track' to launch affordable R2 in first half of 2026, CEO says On February 20 during its Q4 earnings call, Rivian CEO RJ Scaringe confirmed that the company’s new R2 model is on track for launch in the first half of 2026 and will have a starting price around USD 45,000.  Scaringe said the company has managed to reduce material costs by 50% over the R1, already securing contracts for "95% of the bill of materials", referring to all o...

News  Updated at: 2025/02/22

d?  -  (Thierry Piéton) Regarding the CAFE guidance and its 1% impact, we will see the evolution of it over time. Essentially, the 1% is a result of two levers that we have: the first one is incentivizing the EV sales, and the second is reducing the volume of ICE vehicles doing trade-off between price and volume on cars that would bring a high penalty on a CAFE perspective. Basically, the biggest impact of CAFE will be in our first lever, the...

News  Updated at: 2025/02/21

OEMs in Argentina reduce prices of vehicles due to tax reform On February 6, major automakers in Argentina, including Honda, Hyundai, Volkswagen, Kia, and Grupo Car One, updated their pricing in response to the government's tax reform. The reform eliminated the first tier of internal taxes, halved the second tier, and introduced a 0% tariff for hybrid and electric vehicles, though the latter measure has not yet taken effect. Honda lowered prices ...

News  Updated at: 2025/02/13

f the core markets, the local brands’ New Energy Vehicles have been growing rapidly in the recent years. As a result, the joint venture non-premium market, a main battlefield of the joint venture brands including Nissan is shrinking. The speed of the decline is accelerated along with intensifying price competition this year. Chinese players are significantly increasing their exports to other markets such as Southeast Asia, the Middle East, and ...

News  Updated at: 2024/11/08