’s 150,000-vehicle capacity, along with the Volvo EX90 EV and Polestar 3 EV that are currently built there. The plant produced a total of 24,632 vehicles in 2024. Volvo Cars originally planned to build the XC90 in Ridgeville in 2021, but changed to an all-electric strategy to capitalize on U.S. IRA tax credits and other incentives for zero emission vehicles. (multiple sources on July 17, 2025)...

News  Updated at: 2025/07/18

on of social leasing, with nearly 50,000 orders between January 1 and February 15, 2024. Rental companies will be required to offer a monthly rate of less than EUR 140. All rents must be less than EUR 200 per month, with a maximum aid amount of EUR 7,000 per vehicle. French people, with a reference tax income per share of less than or equal to EUR 15,400, as well as those who depend on their vehicle to get to their place of work or carry out thei...

News  Updated at: 2025/07/17

China releases 75th list of NEVs eligible for preferential tax policy treatment On July 15, China’s Ministry of Industry and Information Technology (MIIT) released the 75th list of New Energy Vehicles (NEVs) that meet the national energy saving standards and are eligible for tax reductions or exemptions. There are 342 models on the list in total, including 25 energy-saving and 317 New Energy models. The models on the list are energy-saving pass...

News  Updated at: 2025/07/17

China releases 19th list of “Catalog of New Energy Models Eligible for Vehicle Purchase Tax Breaks” On July 15, China’s Ministry of Industry and Information Technology (MIIT) released the “Catalog of New Energy Models Eligible for Vehicle Purchase Tax Breaks (19th List)”. The selected battery electric models consist of 44 passenger vehicles (including Beijing Hyundai’s Elexio, FAW Hongqi’s Tiangong 06, and Li Auto’s Li i6), 48 bu...

News  Updated at: 2025/07/17

Brazilian government implements 0% IPI tax to certain models in the country On July 11, it was reported that Brazilian government published Decree 12.549, modifying the IPI (Industrialized Products Tax) table effective November 1, 2025, through December 31, 2026. The measure adjusts tax rates for passenger and light commercial vehicles based on sustainability and performance criteria. However, for the "Sustainable Car" category, a 0% IPI rate too...

News  Updated at: 2025/07/15

total output, making it easier to qualify and encouraging green investment. Additionally, companies holding over 35% shares in certified automakers can consolidate production volumes across affiliates, promoting industry collaboration and scaling. Customs authorities will verify production data for tax refunds and penalize false reporting. The decree raises export duties on select goods: yellow phosphorus’s tax will increase from 5% to 10% in 2...

News  Updated at: 2025/07/15

mpany also unveiled a plan to add AT options to four-wheel-drive models and 120 kilowatts (163hp) high-performance models this fall. The price for a standard cab width, standard body length, 110-kilowatt (150 horsepower) two-wheel drive (2WD) vehicle in Tokyo is JPY 6,399,800, including consumption tax. (From an article in the Nikkan Jidosha Shimbun on July 15, 2025)...

News  Updated at: 2025/07/15

vans. Rivian cut about 10% of its workforce in early 2024, and another 1% of staff in April 2024. The new R2 is expected to be priced at USD 45,000, or about one-third less than its flagship R1S SUV, which should boost sales. The vehicle is scheduled to arrive, however, after the elimination of EV tax credits. (multiple sources on June 26, 2025)...

News  Updated at: 2025/07/10

China’s passenger car retail, wholesale, and production volumes all set a new monthly high, while the export volume hit an all-time high. Domestic NEV retail penetration rate rose to 53.3%, presenting robust growth amid policies for equipment replacement, consumer goods trade-in, and NEV purchase tax exemption. In July 2025, there will be 23 working days, implying relatively abundant time for production and sales activities. With the structural...

News  Updated at: 2025/07/09

Philippines reimposes excise tax on pickup trucks starting July 1, 2025 Reported on July 8, 2025, pickup trucks in the Philippines are no longer exempt from excise tax (starting July 1), following the implementation of the Capital Market Efficiency Promotion Act (CMEPA).  This law amends the National Internal Revenue Code to remove pickups from the list of exempt vehicles, which now only includes purely electric vehicles.  The Bureau of Interna...

News  Updated at: 2025/07/09

Nissan delays launch of two U.S.-made EVs due to slow sales, EV tax credit loss On July 7, Nissan informed suppliers that it will postpone the start of production of two EV crossovers at its plant in Canton, Mississippi, by ten months, citing the delay on “recent slowing EV demand in the U.S.” A Nissan-branded crossover, codenamed PZ1K, now will begin production in November 2028, while a partner vehicle for the Infiniti brand, codenamed PZ1J,...

News  Updated at: 2025/07/09

Ford still qualifies for battery production tax credits under new Trump budget bill On July 8, Ford Motor Co. said it will continue building its USD 3 billion battery plant in Marshall, Michigan, after President Trump’s newly enacted USD 3.4 trillion budget legislation retained key production tax credits that an earlier proposal by Congress would have eliminated. “BlueOval Battery Park Michigan is on track to qualify for the production tax cr...

News  Updated at: 2025/07/09

g B-segment SUV with 1,657 units sold in June, including 353 exports. Year-to-date, 11,361 units have been delivered, and an all-new version featuring upgraded styling and tech will launch in July. Despite softer market conditions in June, driven by external factors such as Middle East tensions and tax policy changes, Proton retained segment leadership with the X50, X90, and S70. Models such as the Saga, Persona, and Iriz also continued to perfor...

News  Updated at: 2025/07/08

U.S. EV tax credit to end September 30 under final tax bill, other items Within the big beautiful spend-and-tax bill passed under President Trump’s July 4 deadline were a number of automotive related items, including:    •    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 aut...

News  Updated at: 2025/07/08

Honda drops development of full-size SUV from its U.S. EV plans Honda is reported to have halted development of a full-size electric SUV, originally scheduled for release around 2027, as demand for EVs is expected to fall in the U.S. market with the loss of the USD 7,500 federal tax credit at the end of September. The company is instead redirecting efforts to increasing the production of hybrid vehicles. The cancellation affects only the full-siz...

News  Updated at: 2025/07/08

s. The PV inventory levels now stand at approximately 55 days. For the commercial vehicle (CV) segment, early-month deliveries provided a temporary lift, but monsoon-related slowdowns and credit tightening weighed on demand as the month progressed. Dealers highlighted cost escalations due to recent tax changes and the introduction of mandatory air-conditioned cabins, both of which have pushed up ownership costs. This comes alongside subdued infra...

News  Updated at: 2025/07/07

BYD seeks tax cut to boost production at Camaçari plant in Brazil On July 1, it was reported that BYD officially launched prototype testing at its Camaçari plant in Bahia, Brazil, while requesting a 10 percent import tax rate for SKD units for a period of 12 months. Currently, SKD units are taxed at the same rate as fully imported electrified vehicles, with the rate set at 30% for hybrids, 28% for plug-in hybrids, and 25% for fully electric veh...

News  Updated at: 2025/07/04

Brazilian government raises import taxes on EVs On July 1, it was reported that Brazil’s federal government increased import taxes on electrified vehicles as part of a schedule approved in 2023 by the Executive Management Committee of the Foreign Trade Chamber (Gecex-Camex). The measure, effective since January 2024, aims to gradually raise tariffs on imported electric, hybrid, and plug-in hybrid vehicles through July 2026 to stimulate local pr...

News  Updated at: 2025/07/04

eduled to begin as early as 2026. The assembly plant will produce different Mercedes-Benz truck models to support sectors such as defense, emergency services, waste management, construction, and logistics in Senegal, Africa. The Senegalese government is providing financial support, industrial land, tax benefits, and training programs to help build local expertise in vehicle production. The project creates jobs and supporting economic development ...

News  Updated at: 2025/07/02

New vehicle sales by 5 major OEMs in South Korea increase 5.0% in June Five Korean automakers announced domestic new vehicle sales in June. New vehicle sales in South Korea increased by 5.0% compared to the same month in the previous year to 117,390 units. Although exports saw a slight decline, domestic sales were buoyed by the extension of the individual consumption tax cut on passenger cars. As a result, total global sales posted a modest incre...

News  Updated at: 2025/07/02