Double 12 shopping festival to strive for annual sales targets with all their might. Despite the fact that the expiration of the subsidy policies for automobile trade-in added to consumers’ wait-and-see sentiment, the release of year-end demand for new vehicles and the anticipation of a purchase tax subsidy phase-out were driving the market to restore regularity and seasonality. Concurrently, the competitive environment in the automotive indus...

News  Updated at: 2025/12/23

production for November increased 2.2% over the previous year to 62,829 units. New car production for the first eleven months of 2025 decreased 6.4% from the same period in 2024 to 680,173 units. According to MAA, sales were still high amid a rush to purchase CBU battery EVs ahead of the expiry of tax exemptions at the end of December, as announced under the 2026 Budget. The strong momentum is expected to continue into December 2025. (Malaysian ...

News  Updated at: 2025/12/22

Japan’s ruling parties announce tax system revision guidelines changing eco-performance tax policy On December 19, Japan’s Liberal Democratic Party (LDP) and the Japan Innovation Party announced their newly developed “the ruling coalition parties’ guideline for tax system revision” for the fiscal year that starts in April 2026 (FY2026). This is the first guideline announced under the current coalition government. The environmental perfo...

News  Updated at: 2025/12/22

ture. The partnership will initially see the introduction of two models of the compact electric hatchback "ePureMotion," the Classic and Lux, intended for urban commuting, ride-sharing, and fleet use. Once a sufficient number of EVs are sold, the company is expected to be able to enjoy a 35% import tax exemption and a 10% excise tax reduction, which is why local assembly is also being considered. Dongfeng Motor will also launch additional passeng...

News  Updated at: 2025/12/18

China releases 80th list of NEVs eligible for preferential tax policy treatment On December 15, China’s Ministry of Industry and Information Technology (MIIT) released the 80th list of New Energy Vehicles (NEVs) that meet the national energy saving standards and are eligible for tax reductions or exemptions. There are 593 vehicle models on the list in total, including 13 energy-saving and 580 NEV models. The vehicle models on the list are energ...

News  Updated at: 2025/12/18

China releases 24th list of “Catalog of New Energy Models Eligible for Vehicle Purchase Tax Breaks” On December 15, China’s Ministry of Industry and Information Technology (MIIT) released the “Catalog of New Energy Models Eligible for Vehicle Purchase Tax Breaks (24th List)”. The selected battery electric vehicle models consist of 78 passenger vehicles (including VW Group’s ID. UNYX 08 and Chery Exeed’s Sterra ET7), 43 buses, 53 tru...

News  Updated at: 2025/12/17

Japanese government reveals draft revision of automotive body taxes The Japanese government and ruling party revealed their draft proposals for the revision of automotive body taxes on December 16. While the draft includes a two-year extension of the “eco car subsidy” period, the tax reduction standards will become more stringent. Meanwhile, the “environmental performance levy” on (kei) mini vehicles will be frozen for two years. The gove...

News  Updated at: 2025/12/17

e down to the companies that install and operate EV stations. The program initially called for up to 500,000 charging ports, but only 384 stations were operable by April. By the end of September, states had awarded contracts for another 990 stations, according to Atlas Public Policy. Even though EV tax credits have expired, Wilmer said charging networks continue to benefit from a strong market for used EVs and plug-in hybrid vehicles. Altogether,...

News  Updated at: 2025/12/17

Australian government sets review of Electric Car Discount scheme Announced on December 12, 2025, the Australian government under Prime Minister Anthony Albanese released the terms of reference for the statutory review of the Electric Car Discount, which has been in place since July 2022.  The policy, which provides fringe benefits tax (FBT) and tariff exemptions, has helped accelerate electric vehicle uptake, expand consumer choice, and reduce ...

News  Updated at: 2025/12/15

AMI in October, confirming that the lineup would not be moved to another factory and prompting ongoing negotiations concerning the future of the facility. GM at the time cited slower-than-expected demand in the electric delivery segment, compounded by regulatory changes and loss of critical U.S. EV tax credits. Over 1,000 workers at the CAMI plant will receive a single lump-sum payment equivalent to six months of work, as discussions concerning t...

News  Updated at: 2025/12/13

ng year-over-year (y/y) growth despite the relatively high base in the same period in 2024. Amid a series of preferential policies from the central and regional governments, the New Energy Vehicle (NEV) market was robust. A purchase rush emerged prior to January 2026 adjustments to the NEV purchase tax policies and drove automakers to seize the window for year-end policy changes, maintaining a rather fast production and supply pace. On the other ...

News  Updated at: 2025/12/12

(680), DECO (654), EM (618), and ZONTES (615) led the bookings. The average price at the event was THB 1,122,347 per car and THB 177,637 per motorcycle. IMC noted that Motor Expo 2025 took place at an ideal time of year. Coupled with the EV3.0 support package, concluding in 2025, and the new excise tax structure starting in 2026, the event was a resounding success. It helped revive Thailand’s automotive market and generated over THB 70 billion ...

News  Updated at: 2025/12/12

2027. As previously announced, the project centers on a B-SUV MHEV with an annual capacity of 100,000 units, over 60% for export, and aims for more than 70% local content. It also lays the foundation for Mazda’s future HEV development in Thailand. The EV Board’s MHEV program sets a fixed excise tax of 10% for models emitting ≤100 g/km CO2 or 12% for 101–120 g/km from 2026 to 2032. To qualify, companies must invest at least THB 5 billion a...

News  Updated at: 2025/12/11

s achieved robust growth. Domestic NEV penetration rate stood at 59.3%, reflecting a stable growth amid a range of inclusive policies. In December 2025, there will be 23 working days, up 1 day y/y and implying relatively ample time for production and sales activities. The fact that the NEV purchase tax exemption policy will expire in 2025 and be followed by a 5% purchase tax in 2026 has bred a strong sense of urgency among consumers, which will b...

News  Updated at: 2025/12/09

V production is slated to begin in 2026, supported by a battery plant now under construction and expected to be completed by April 2026. The two facilities represent a combined investment of THB 1 billion and are backed by the Thai BOI under the EV3.5 incentive package, which provides subsidies and tax benefits for local EV production. Hyundai’s sales in Thailand totaled approximately 1,800–1,900 units in the first 11 months of 2025, with yea...

News  Updated at: 2025/12/08

rbon capture (blue hydrogen), and then switch later to green hydrogen from renewable-powered electrolysis, targeting commercial operations by late 2029. Jim Park, Senior Vice President of Hyundai North America, said the company is not wavering in the face of federal debates over hydrogen production tax credits in the U.S. Congress.  The project has already caught the interest of POSCO Group, which plans to co-invest, demonstrating how two Korean...

News  Updated at: 2025/12/06

Canadian vehicle sales down 8.6% in November amid tariffs, counter-tariffs On December 3, DesRosiers Automotive Consultants announced that approximately 142,000 light vehicles were sold in November, down 10.7% from a month earlier in October, and down 8.6% from November 2024, which saw sales then pumped up by Quebecers rushing to buy ZEVs for tax credits.  Sales declines were widespread this November with the majority of high-volume manufacturer...

News  Updated at: 2025/12/05

t feature for improved fuel economy, with RWD at the push of a button. Four distinct drive modes include Auto, Eco, Wet/Snow and Sport. The SIXPACK-powered 2026 Dodge Charger R/T is available for order now at a starting MSRP of USD 49,995, with the four-door model available at USD 51,995 (excluding tax, title and destination fees).  The rest of the Charger lineup includes:   • 550-hp 2026 Dodge Charger Scat Pack starting at USD 54,995   ...

News  Updated at: 2025/12/05

ARCA updates internal vehicle taxes in Argentina 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 early 2025, two tax tiers existed, with the first impacting locally produced models ...

News  Updated at: 2025/12/03

selling days, one fewer than a year earlier. Light vehicle seasonally adjusted annual rate (SAAR) for November was 15.6 million units versus 16.5 million units one year ago. According to U.S. media reports, EV demand has weakened sharply following the expiration of the USD 7,500 federal EV purchase tax credit at the end of September. Additionally, as tariffed vehicles gradually replace non-tariffed inventories, prices have been rising and sales h...

News  Updated at: 2025/12/03