’s output is also expected to remain stable at 140k units within the forecast horizon.Volkswagen GroupVolkswagen Group’s global LV build is set to contract by 3.8% YoY in Q4 2025, tempering full-year growth to 0.4% with 8.75 mn units built in 2025. Output has been affected by the introduction of Trump tariffs from April 3, 2025, with sales of group imports in the US falling by 21% YoY from Q2-Q4 2025. Despite the government intervention in th...

Market & Tech Reports  Updated at: 2026/01/30

embered that this is actually below CPI inflation in the economy as a whole over the past year. Though tariffs have continued to be much-discussed throughout much of this year, it could be argued that the reality of what has transpired bears little resemblance to what was originally feared when the Trump administration’s intentions were first laid out in March. Crucially, USMCA-compliant parts imported to the US from Canada and Mexico are not c...

Market & Tech Reports  Updated at: 2026/01/30

ing 24.9% y/y, but in Q4 sales slowed down in the two major markets of China and the United States, and the growth rate (18.0% y/y) fell short of the previous year's growth rate (27.1% y/y).   The year 2025 saw a series of changes in the environment related to electric vehicles, beginning with the Trump tariffs, followed by export restrictions on semiconductors and rare earths, and a review of CO2 emission standards in the EU. Sales of EVs are s...

Market & Tech Reports  Updated at: 2026/01/26

so suddenly much more expensive, so Tesla’s models are still competitive.   The other headwind Tesla has faced in 2025 is its collapse in sales in Canada. In January-October, its volumes in the country are thought to have fallen by around 74% YoY. The political activity of CEO Elon Musk with the Trump administration turned off many Canadians in the earlier months of the year. Even after that association ended, a combination of tariffs, a lack ...

Market & Tech Reports  Updated at: 2026/01/14

OEMs said their production and sales have been negatively affected by the global semiconductor shortage caused by problems at Chinese-owned Dutch semiconductor manufacturer Nexperia B.V. (Nexperia), and the fire at a New York factory of aluminum giant Novelis Inc. (Novelis).   On December 3rd, the Trump administration announced a new proposal, "Freedom Means Affordable Cars," which would significantly relax the National Highway Traffic Safety Ad...

Market & Tech Reports  Updated at: 2025/12/26

Mini vehicles gaining attention in U.S. and Europe Japanese Kei cars and A-segment vehicle market trends in China and India Summary Global sales of minicars (A-segment) Minicar standards Japan China India   U.S. President Donald Trump has expressed his intention to produce and sell Japanese kei cars in the United States, and the EU is currently reviewing its small EV standards and protection of domestic production, using Japanese kei vehicles a...

Market & Tech Reports  Updated at: 2025/12/26

ation USA   During the Biden administration, the proportion of EVs in 2032 was set at 67%, and policies such as tighter CO2 emission regulations, California's (CARB) new car sales regulations, and up to USD 7,500 credits for New Clean Vehicles in the IRA were implemented. With the birth of the new Trump administration, the ACC II (100% ZEV sales in 2035) was nullified, and with the passage of the July 2025 OBBB by the House and Senate, IRA credi...

Market & Tech Reports  Updated at: 2025/12/01

early November, GM similarly instructed its suppliers to move their parts supply chains from China to other countries.    On November 4, OEMs (GM, Ford, Stellantis, Tesla, Toyota, Hyundai, VW, etc.) submitted documents to the Office of the United States Trade Representative (USTR) requesting the Trump administration to extend the USMCA (United States-Mexico-Canada Agreement) ahead of its official review scheduled for 2026. The American Automot...

Market & Tech Reports  Updated at: 2025/11/26

com/en/news/332155 SVOLT continues to drive Thailand’s EV ambitions, hits 10,000-battery pack milestone in July (September 1, 2025)https://www.marklines.com/en/news/331945 Thailand-made BYD Dolphin EVs (LHD) head to Europe (August 26, 2025)https://www.marklines.com/en/news/331617 Thailand secures Trump’s 19% tariff relief amid economic strain and border tensions (August 1, 2025)https://www.marklines.com/en/news/330465 Thai EV Board eases comp...

Market & Tech Reports  Updated at: 2025/11/25

est cut, with GST reduced from 28–31% to 18% across all fuel types.   Standard vehicles, including FHEVs and PHEVs, now stand at 40%, while BEVs remain at 5%. These changes have significantly lowered prices for several ICE models, narrowing the gap with xEVs. Impact of US tariffs   US President Trump announced that the baseline tariff on imports from India would rise to 25% and also threatened a penalty for India’s relationship with Russia,...

Market & Tech Reports  Updated at: 2025/11/20

global LV build is estimated to have increased by 1.7% YoY in Q3 2025, supporting marginal growth of 0.3% YoY in Q1-Q3 overall, with 6.44 mn units built in January-September. Production has been affected by US sales of the group’s imported models declining by 6% YoY, following the introduction of Trump’s tariffs from April 3, 2025. Slowing demand in China has also contributed to this fall, with Volkswagen Group facing tough competition from C...

Market & Tech Reports  Updated at: 2025/10/29

ons: 1) the aforementioned trading agreements reached between the US and its key trading partners; and 2) assumptions surrounding the government incentivization of the Chinese LV market. GlobalData now assumes that the trade-in scheme in China will be extended once again, until the end of 2026.-The Trump administration’s policy approach to trading partners added greater uncertainty for the US LV market’s 2025 outlook. However, OEMs have adopt...

Market & Tech Reports  Updated at: 2025/10/29

acting while Renault and Dacia both grew. Nissan’s YoY losses arose from the ageing Qashqai and Juke SUVs ramping down.    Globally, RNM’s decline is expected to continue into H2. This should lead to full-year output of about 6.23 million units in 2025 (-3.8% YoY). Tariffs announced under the Trump administration have disrupted the strategies of many automakers. While there is certainly a history of backtracking and time for this to take pl...

Market & Tech Reports  Updated at: 2025/10/27

efining, recycling, magnet manufacturing, etc., are also covered. China's Ministry of Commerce explained that the move is intended to protect China’s national security and interests, as well as prevent the technology from being used in sensitive areas such as military applications. U.S. President Trump has announced his intention to impose an additional 100% tariff on products imported from China beginning November 1 in response to China's rest...

Market & Tech Reports  Updated at: 2025/10/27

ding the Ioniq 9, the EV3 through EV5, and the PV5.   GM Korea produced 494,000 vehicles in Korea in 2024, with more than 80% exported to the United States. Although domestic sales are declining, the impact on the production plan is small. There are concerns about the impact of tariff hikes by the Trump administration, but no noticeable changes have been seen yet. Annual production volume trends in the Korean market (Source: MarkLines, K...

Market & Tech Reports  Updated at: 2025/10/23

nce, etc. Entering the autonomous ride-hailing service market: Pros and cons about realizing a long-standing promise Hybrid Remotely Monitored Robotaxi : Modified Vehicle "Project Halo" Disbanding the Dojo Team and Changes to Tesla's R&D Plan What Tesla Got and Lost from Musk's Participation in the Trump Administration's DOGE   On August 2, Tesla was found partially negligent in its Autopilot (AP) system in a 2019 fatal crash in Miami, Florida a...

Market & Tech Reports  Updated at: 2025/10/01

l the early 2030 timeframe when more affordable BEVs start entering the market.   Although Honda Group may be less directly vulnerable to any US or Canadian tariffs, the rest of 2025 is likely to be more challenging as the overall market is expected to weaken. In response to tariffs imposed by the Trump administration, Honda will shift the production of its Civic FHEV from Japan to the US by 2025.   Honda will soon begin production of its new e...

Market & Tech Reports  Updated at: 2025/09/26

y/y. The market share of HVs in August was 7.3%, down 1.2 points m/m and down 0.5 points y/y. Cumulative HV sales for the 2025 January to August period increased 16.6% y/y to 3.594 million units, accounting for 8.6% of total vehicle sales volume.   Regarding the additional U.S. tariffs, President Trump announced the signing of a new comprehensive tariff agreement with Japan on September 4, and automobile tariffs have been reduced from 27.5% to ...

Market & Tech Reports  Updated at: 2025/09/26

United States announced that it would expand the list of items subject to additional tariffs on steel and aluminum. An additional 50% tariff will be imposed on 407 items, including automotive parts such as automotive exhaust system parts and electrical steel sheets for electric vehicles. President Trump has also mentioned imposing tariffs of approximately 100% on semiconductor imports, and it is expected that measures having a major impact on th...

Market & Tech Reports  Updated at: 2025/08/26

odels being released one after another and production outside China expanding, the current sales trend is expected to continue for the time being.   U.S. manufacturers are seeing sales growth primarily in the US market, partly due to price increases by Japanese and Korean manufacturers affected by Trump tariffs, but as Japanese and Korean manufacturers continue to shift production to the U.S., attention will be focused on how they will respond o...

Market & Tech Reports  Updated at: 2025/08/18