randed ZDX in the first half of 2024. At the CES in January 2025, the the company unveiled prototypes of the first two models of its independently developed BEV Honda 0 (Zero) Series (scheduled for launch in North America in 2026). Nissan: Aggressive introduction of PHEVs planned   Ponz Pandikuthira, Chief Planning Officer for Nissan Americas, which oversees the Americas, said at an event held at the company's U.S. headquarters in October 2024...

Market & Tech Reports  Updated at: 2025/02/21

y, the focus will be on policies toward EV tax credits, tariffs, emissions standards, and AV regulations. While Trump has indicated that EV tax credits could be scaled back or removed, it will require Congressional action to make this happen, as they were established by the Inflation Reduction Act (IRA). Therefore, changes could be relatively slow to take place. Tariffs on imported vehicles, and potentially components, may be implemented at the b...

Market & Tech Reports  Updated at: 2025/01/31

ion, mentioned additional tariffs, the repeal of the EV mandate, and deregulation of gasoline-powered vehicles during the election campaign, but after being elected he has said he will abolish the tax deduction (up to USD 7,500) for the purchase of electric vehicles under the Inflation Control Act (IRA), and impose additional tariffs of 25% on Canada and Mexico, which currently have zero tariffs, and 10% on China under certain conditions under th...

Market & Tech Reports  Updated at: 2024/12/27

order to strengthen Mexico's negotiating position in the USMCA, given that many companies investing in the country have expressed concern about U.S. trade policy.   Developments to date   In the U.S., a tax credit of up to USD 7,500 is available for EV purchases under the Inflation Reduction Act (IRA), which was passed in 2022.   Subsequently, in April 2023, changes were made to the IRA to make EV-related provisions more stringent.   In May 2...

Market & Tech Reports  Updated at: 2024/12/26

rs, some users have refrained from purchasing cars due to uncertainty ahead of the presidential election on November 5th.   The incoming Trump administration is said to be considering abolishing the electric vehicle (EV) purchase support program currently in effect under the Inflation Control Act (IRA). Currently, a tax deduction of up to USD 7,500 (approximately JPY 1.2 million) is available. GlobalData expects the Trump administration to put t...

Market & Tech Reports  Updated at: 2024/11/26

icles (EV), fuel cell vehicles (FCV), and plug-in hybrid vehicles (PHV)) have been eligible for tax credits, with cumulative advance payments totaling USD 2 billion. Of the more than 300,000 people who received the tax credit, more than 250,000 were new car buyers. With the Inflation Reduction Act (IRA) coming into effect, total clean vehicle (passenger car) sales in the United States in 2023 are expected to increase 50% from the previous year to...

Market & Tech Reports  Updated at: 2024/10/28

aid under his administration, “Thousands of factories will open up all across our land. Inflation will come down fast. American cars and products will be exported and admired all throughout the world again,” and that by the end of his term “the entire world will be talking about the Michigan miracle and the stunning Rebirth of Detroit that's going to happen correctly with your vote”   (Based on U.S. government channel C-SPAN on October 1...

Market & Tech Reports  Updated at: 2024/10/24

Chinese Ministry of Industry and Information Technology SAE : Society of Automotive Engineers, Inc. (U.S.) NHTSA : National Highway Traffic Safety Administration, U.S. Department of Transportation CARB : California Air Resources Board USTR : United States Trade Representative   Other IRA : Inflation Reduction Act (U.S.) NACS : North American Charging Standard LLC : Limited Liability Company GWh For cell plant production capa...

Market & Tech Reports  Updated at: 2024/10/18

it reported a 300% increase in Ultium battery module production over the previous six months.   The joint venture will receive low-interest financing from the U.S. Department of Energy through the Advanced Technology Vehicle Manufacturing (ATVM) loan program under the U.S. Inflation Reduction Act (IRA) for the construction of a battery cell plant.   However, the impact of sluggish demand for EVs is also being felt in this sector, with U.S. medi...

Market & Tech Reports  Updated at: 2024/10/08

illion to six states with large automotive workforces (Michigan, Ohio, Indiana, Kentucky, Tennessee, and Illinois), with specific amounts set for each state. This will be implemented as part of the USD 2 billion Domestic Manufacturing Conversion Grants Program funded by the Inflation Reduction Act (IRA), and will support the transition to EV, HV, and FCV supply chains. In addition, DOE announced that it is working with Argonne National Laboratory...

Market & Tech Reports  Updated at: 2024/08/29

mately 15,000 dealerships. Although the company completed restoration of its core operations on July 2, some sales in June, the month of demand, were pushed back to July.   The U.S. Department of Energy announced that it will provide grants totaling USD 1.7 billion under the Inflation Control Act (IRA) to 11 auto plants in eight states to help them convert closed plants or plants at risk of closure to electric vehicle production. Major recipient...

Market & Tech Reports  Updated at: 2024/07/26

urture the battery industry. The strategy includes plans to secure production capacity of 60GWh in Korea by 2025, to promote research and development for extending the range and improving safety of all-solid-state batteries, and to secure key minerals and cope with the U.S. Inflation Reduction Act (IRA).   Korean government’s electrification target   The Korean Ministry of Environment revealed a target to have 4.2 million electric vehicles on...

Market & Tech Reports  Updated at: 2024/07/25

1 150 180 Farasis Energy  3 12 13 21 47 80 120 130 Panasonic  46 49 49 59 65 65 106 117 Total 262 463 751 1,329 2,237 3,393 4,383 4,878   Currently, global NEV batteries are mainly supplied by CATL, BYD, and LG Energy Solution. Due to the constraints of the U.S. Inflation-Reduction Act (IRA), LG is expected to develop and exceed the growth rate of CATL in the future.   At present, China, Japan, and South Korea are the leading manufac...

Market & Tech Reports  Updated at: 2024/07/25

manufacturers announced by the Biden administration on May 6, which states that USD 100 million will be provided to automotive component suppliers for facility renovations and human resource development to encourage the transition to EVs. Funding for this will come from the Inflation Reduction Act (IRA) and the Bipartisan Infrastructure Law (BIL). The second is the measure announced on May 14 to increase tariffs on Chinese-made EVs, quadrupling t...

Market & Tech Reports  Updated at: 2024/06/26

eda announced that he had held discussions with Kia's director of strategic business planning regarding the expansion of Kia's Pesqueria plant in the state to introduce EVs to the Mexican market. Kia is also reportedly considering building a new EV plant to qualify for U.S. Inflation Reduction Act (IRA) tax credits. New Mexican-made Tacoma launched in the U.S. in 2023 (Source: Toyota Motor Corporation)   Toyota's Mexican production i...

Market & Tech Reports  Updated at: 2024/06/14

ke the mining licenses for nine lithium mines it holds in Mexico, citing failure to meet the minimum investment amount related to lithium business in the four years from when it acquired the mining licenses in 2017 to 2021.   Policy-related   On August 16, 2022, the U.S. "Inflation Reduction Act (IRA)" was signed into law by the President of the United States. Consumers purchasing a new electric vehicle will receive a tax credit of up to USD 7,...

Market & Tech Reports  Updated at: 2024/05/29

nese manufacturers are producing and selling inexpensive electric vehicles with subsidies in China, and there are concerns that they are using local incentives to gain an unfair competitive advantage in markets outside China, such as Mexican-made EVs being eligible for U.S. Inflation Reduction Act (IRA) subsidies. We will continue to monitor regulatory developments surrounding EVs made by Chinese manufacturers.     The following graph shows...

Market & Tech Reports  Updated at: 2024/04/25

state government offices at the end of 2023. Faraday Future (Faraday Future Intelligent Electric Inc.) Full-size crossovers Develops and manufactures ultra-luxury crossover vehicles in the U.S. The company is at risk of delisting due to low stock prices. Expanding activities in the United Arab Emirates (UAE). Deliveries of limited production flagship model to began in 2023. Lordstown Motors (Lordstown Motors Corporation) Full-size pickup tru...

Market & Tech Reports  Updated at: 2024/04/02

Korean Battery Supplier Operations in North America LGES, SK On, Samsung SDI and materials suppliers expand into North America Summary North American expansion activities by three major battery suppliers LG Energy Solution Ltd. (LGES) SK On Co., Ltd. (SK On) Samsung SDI Co., Ltd. (Samsung SDI) Supply chain trends IRA (Inflation Reduction Act)   This report focuses on the business trends of three major Korean battery suppliers, LG Energy Solution...

Market & Tech Reports  Updated at: 2024/01/10

Electric Mobility in the USA IRA, CV and pickup truck electrification, charging infrastructure Summary FIGHTING INFLATION MEANS PROMOTING ELECTRIFICATION SUBSIDING ELECTRIFIED COMMERCIAL VEHICLES STRONGLY ELECTRIFYING PICK-UP TRUCKS OEMS PRESENT PLANS FOR ELECTRIFIED CARS STANDARDIZING THE CHARGING INFRASTRUCTURE   This report contains a Spotlight article from Springer's automotive technical magazine "ATZ" www.atz-magazine.com. and "MTZ" www.mtz...

Market & Tech Reports  Updated at: 2024/01/05