its, largely due to a weak April 2025 base after buyers pulled registrations into March ahead of VED and BEV Expensive Car Supplement changes. The selling rate climbed to 2.18 mn units (+12.4% MoM) and YTD volumes reached 764k (+9%). BEV registrations jumped 59% YoY, but the share remains below the ZEV mandate path (26% vs 33% target for 2026), and inflation and higher energy costs may temper demand despite increased EV interest linked to geopoli...

Market & Tech Reports  Updated at: 2026/05/08

Despite the positive result, near-term sales face strong headwinds with the Middle East conflict threatening the cost of living and consumer confidence. Furthermore, the conflict has added to the urgency of the transition to electric as BEV market share remains well below the Zero Emission Vehicle (ZEV) Mandate target (which demands 33% for 2026), even with record levels of incentives. The Spanish PV market saw another impressive result ...

Market & Tech Reports  Updated at: 2026/04/09

hile this target represents a major turning point for Europe’s truck and bus industry, he emphasized that the greatest concern lies not in 2040, but in 2030. Although technology is advancing, market adoption is lagging behind.   Major manufacturers have already introduced zero-emission vehicles (ZEVs) covering a wide range of applications, from urban delivery and regional transport to long-distance haulage, buses, and even coaches. However, th...

Market & Tech Reports  Updated at: 2026/01/22

erall, to 16.3 mn units. Canadian Light Vehicle sales totaled an estimated 125k units in December, down by 10.5% YoY, although the selling rate accelerated to 1.94 mn units/year, from 1.81 mn units/year in November. Sales surged in December 2024, as consumers in Quebec rushed to buy vehicles before ZEV incentives expired, thus providing a very high base that December 2025 could not match. For 2025 as a whole, sales reached 1.87 mn units, up by 3....

Market & Tech Reports  Updated at: 2026/01/21

xEV Electrified vehicle (vehicles that could not be identified as BEVs because some reports referred to electrified vehicles in general terms) HEV Hybrid electric vehicle ICE Internal combustion engine PHEV Plug-in hybrid electric vehicle PF Platform SDV Software defined vehicle ZEV Zero emission vehicle (Note that subject vehicles may differ in each country) gpm grams per mile mpg miles per gallon LDV (EPA definition...

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

any has announced a small 35kW and a large 90kW oil-cooled motors for hybrid trucks and buses with an integrated motor case and flange for mounting the engine and transmission, respectively. 90kW hybrid motor (Sawafuji Electric exhibit at the 2019 Tokyo Motor Show) As for BEVs, the Dutro ZEV, a production BEV light-duty truck launched by Hino Motors in June 2022, uses a motor manufactured by Sawafuji Electric. The Sawafuji Electric mot...

Market & Tech Reports  Updated at: 2025/11/04

d its Sedan production (+25% YoY) in the country. This is due to Hyundai's significant increase in sedan production in Korea, up 25% from the previous year. As Hyundai Group backtracked on its previous electrification commitment, it is now believed that the group has delayed its full transition to ZEVs and will instead focus on enhancing ICE-based electrified models such as HEVs and EREVs.  The automaker will also adjust its BEV factories to p...

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

), and the Digital Product Passport (DPP). In contrast, while political challenges make policy implementation more difficult in the U.S., there are still multilayered efforts at both the federal and state levels—such as the Inflation Reduction Act (IRA) and the adoption of Zero Emission Vehicles (ZEV) mandates at the state level. Despite ongoing policy uncertainty, the automotive industry increasingly recognizes the need for global collaboratio...

Market & Tech Reports  Updated at: 2025/09/04

ut sales were up 37.6% y/y to 962,000 units. The UK also saw a 62.8% m/m decline in April due to a rebound from March's increase due to the fiscal year changeover of license plates, but sales remained strong with a 19.5% y/y increase.   On April 6, the UK government announced the relaxation of the ZEV mandate, which requires automakers to sell a certain percentage of zero-emission vehicles (ZEVs). To support the transition to EVs, tax incentives...

Market & Tech Reports  Updated at: 2025/05/26

e month last year.   The UK also showed significant growth with 57,000 units in November, up 23.5% from the previous month and 35.6% y/y. However, EV market share by manufacturer is uneven, with many manufacturers experiencing sluggish growth. The UK has set a target of 80% Zero Emission Vehicles (ZEVs) for new passenger car sales by 2030 and requires ZEV sales above a certain percentage, with fines for failure to meet this "ZEV mandate.” Whil...

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

by excluding products from WTO member countries, including China, and violating the WTO's national treatment and most-favored-nation principles.     California Governor Gavin Newsom said on November 25, 2024, that if the incoming Trump Administration eliminates a federal zero-emission vehicles (ZEV) tax credit, he will propose creating a new version of the state’s successful Clean Vehicle Rebate Program (CVRP), which was phased out in 2023....

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

ly confirmed to be battery-powered EVs) EV : Electric Vehicle (vehicles that could not be identified as BEVs because some reports indicated as electric vehicle in general) HEV : Hybrid Electric Vehicle ICE : Internal Combustion Engine PHEV : Plug-in Hybrid Electric Vehicle PF : Platform ZEV : Zero Emission Vehicle (Note that subject vehicles may differ in each country) gpm : grams per mile mpg : miles per gallon LDV (EPA definit...

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

R 2022 Bosch Drive motor Mazda MX-30 EV 2022 Hitachi Astemo Drive motor Subaru Solterra 2022 Aisin (BluE Nexus) Drive motor Subaru XV Hybrid 2018 TOP Drive motor Mitsubishi Minicab-MiEV 2022 Meidensha Drive motor Mitsubishi Outlander PHEV 2022 Meidensha Rear-wheel drive motor Hino Dutro ZEV 2023 Sawafuji Electric Drive motor Hino Dutro Hybrid 2019 Sawafuji Electric Drive motor Hino Profia Hybrid 2019 Sawafuji Electric Drive motor ...

Market & Tech Reports  Updated at: 2024/08/22

ery Malaysia opens new plant in Shah Alam industrial zone; first in ASEAN to produce Jaecoo J7 SUV (June 19, 2024)https://www.marklines.com/en/news/309977 Infineon completes first phase of 200mm Silicon Carbide power fab in Kulim, Malaysia (June 14, 2024)https://www.marklines.com/en/news/309768 New ZEV road tax structure in Malaysia unveiled; to be effective in 2026 (June 5, 2024)https://www.marklines.com/en/news/309203 Malaysia Autoshow 2024: Pe...

Market & Tech Reports  Updated at: 2024/08/20

Standard charging is also possible with FCEVs. Plug-in AC charging is especially convenient when hydrogen refueling stations are far away. The CR-V e:FCEV is becoming mainstream in China.   Hino: Battery storage system for the “Dutro Z EV” electric truck   Exhibits included the Hino Dutro ZEV ultra-low-floor electric vehicle (example of efforts toward carbon neutrality) and Hino Motors, Ltd.’s initiatives toward battery recycling (Hin...

Market & Tech Reports  Updated at: 2024/07/10

ell modules (box and flat) with second-generation Mirai fuel cell system technology for adoption in various heavy-duty applications.   For this project, speed-to-market is one of the key goals, so Toyota is maximizing the use of parts from current vehicles. The prototype Hilux is built on a custom ZEV (Zero Emission Vehicle) platform, with a body-on-frame type chassis in common with other electrified variations. The powertrain is that of the sec...

Market & Tech Reports  Updated at: 2024/03/07

charging can be better implemented. It will be interesting to see which providers of fast charging infrastructures will become the dominant ones in the end.” Gernot Goppeltis Freelance Journalist.     ------------------KeywordsSpringer, ATZ, USA, Electric Mobility, Electric, BEV, PHEV, FCEV, ZEV, IRA, Regulations, Commercial Vehicle, Pickup Truck, Charging, Charging Station ...

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

driving demo vehicle on display at Kobe Steel, Ltd.'s Kakogawa Works No.1 Isuzu Giga Fuel Cell No.2 Isuzu Erga EV No.3 UD Trucks Quon GW No.4 UD Trucks Quester No.5 Mitsubishi Fuso Super Great No.6 Mitsubishi Fuso eCanter No.7 Hino Profia ZFCV No.8 Hino Dutro ZEV At the press day briefings, each manufacturer announced their logistics challenges and sustainability initiatives. Hino mentioned the "...

Market & Tech Reports  Updated at: 2023/11/29

,000 units, while HV cumulative sales for the January to October period increased 27.8% y/y to 3.440 million units. The y/y growth rate of HVs is higher than that of electric vehicles, indicating that the number of HVs is growing steadily.   At the end of September, the UK government announced the ZEV Mandate, which sets the percentage of new ZEV production required by automakers in each year through 2030. According to the mandate, 80% of new pa...

Market & Tech Reports  Updated at: 2023/11/27

U.S. Market: BEV Sales Ratio 7.5%, with over 20% in California New CO2 limits proposed for MY2032 at 82 g/mile, new CAFE standard at 57.8 miles/gallon Summary U.S. BEV sales for the Jan.-Sep. 2023 totaled 880,000 units, or 9.4% market share New CO2 regulations under the Biden administration: 67% BEV ratio assumed for MY2032 California regulation: 100% ZEV ratio in MY2035 Charging network development: GM, Ford, and three Japanese OEMs use Tesla's ...

Market & Tech Reports  Updated at: 2023/11/24