balData's analysis, passenger car sales in China were weak in December following the extension of the end of the replacement incentive program from the end of 2025 to the end of 2026. In January, the Chinese government announced that it was revamping its system and introducing a new system in which discounts on new car purchases will be determined by a ratio based on the trade-in vehicle's powertrain and vehicle condition. The new system is inten...

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

val of EV tax credits. Sales in Western Europe continued to improve with the introduction of new incentives supporting electrification, and some improvement in consumer confidence. Finally, sales in China saw a record result for the month as consumers rush to purchase vehicles before the NEV tax discount decreases next year. North America US Light Vehicle sales fell by 4.7% YoY in October, to 1.27 mn units, with the month containi...

Market & Tech Reports  Updated at: 2025/11/21

of any data will require permission of GlobalData.   According to MarkLines, the year 2025 started on a positive note for passenger vehicle sales, however low single-digit growth reported in the initial months of the year. The rise in sales is driven by factors like the new model year advantage, discount on old year models, a booming festival season, interest rate cut, availability of better finance, etc. New model launches and better variant ...

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

incentives will be provided for purchasing an electric vehicle after the vehicle is scrapped. Price related The upper limit of vehicle prices eligible for full subsidies has been lowered from KRW 55 million to KRW 53 million. Expansion of additional incentive categories based on manufacturer discount. Young people who are buying for the first time will receive an additional 20% subsidy, with no income requirements. Purchasing assistance fo...

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

dent at this year's EV show. Subsidies for charging equipment   The state-owned electric power company PLN (Perusahaan Listrik Negara) provides support, and customers only have to pay IDR 700,000 to 800,000 to PLN for home charging equipment. Like Japan, Indonesia has a late-night (off-peak hours) discount on electricity rates when electricity is cheaper from 10 p.m. to 5 a.m.   The challenge for future expansion of the electric vehicle market ...

Market & Tech Reports  Updated at: 2025/08/20

n Auto Group’s Trends and Outlook as follows: Trends: In December 2024, Changan sold over 145k units, representing an increase of 45% YoY. After continuing to catch up at the end of the year. With the launch of the fourth generation of the CS75 Plus, whilst also maintaining a CNY22,000 (USD3,000) discount on the third generation, the model remained as the best-selling vehicle of the year, with almost 179k units sold. Although the CS75 Plus enjo...

Market & Tech Reports  Updated at: 2025/03/12

cting a increase of 2.2% y/y (up 11.3% m/m).   August had one more business day than the same month last year, and sales were supported by five weekends, including the three-day Labor Day weekend, when sales were boosted by sales campaigns and other events. As inventories increased, incentives and discounts tended to increase.   On September 12, the U.S. House of Representatives overwhelmingly approved a bill to tighten rules limiting the propo...

Market & Tech Reports  Updated at: 2024/09/27

onment released a plan to extend subsidies for the purchase of electric passenger cars to December 31, 2023. The subsidy offered to EVs that cost up to KRW 57 million will be increased from a maximum of KRW 6.8 million to a maximum of KRW 7.8 million, depending on the manufacturer’s vehicle price discount. The government has also expanded the number of purchase support vehicles for corporations and individual businesses. Individual businesses...

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

ctric car drivers to recharge their vehicles at IONITY charging stations without any managed service providers contract: IONITY DIRECT: no registration required no subscription / no fees standard tariff per charged kWh / per charged minute payment via smartphone app or QR code IONITY PASSPORT: Discount on the IONITY DIRECT tariff Low monthly subscription fee Cancellation at any time with one month prior notice Subscribe and pay via IONITY ap...

Market & Tech Reports  Updated at: 2023/12/05

  The best-selling model in June was the ID.4 with 16,000 units sold. In second place were the Audi Q4 e-tron and ID.3 with 7,000 units each.   In China, more than 20 OEMs have cut their own prices since January, when Tesla cut its prices. VW's joint venture with SAIC Motor offered a limited-time discount of over USD 5,100 on the ID.3, bringing the price of the base grade below the price of BYD's Qin EV. It will be interesting to see how this p...

Market & Tech Reports  Updated at: 2023/07/25

V Within 2023 Undisclosed 248 miles (399 km)237 miles (381 km) 174 hp201 hp VF 7 C Segment SUV Same as above Undisclosed 280 miles (450 km)268 miles (432 km) 201 hp348 hp VF 9 E segment3-row SUV Same as above USD 83,000～ 369 miles (594 km)*** 402 hp *Note: * Assuming USD 3,000 City Edition Discount.     ** The range is a WLTP estimate; it is a target value and will be reviewed.     *** The ranges of Eco and Plus individually a...

Market & Tech Reports  Updated at: 2023/02/08

atforms and systems.   SDVs will benefit from hardware technology that are software-centric. The opportunities are domain and zone ECUs, Ethernet networks and SoCs.   Many software startups are already in operation and more are on the way. Some startups will be acquisition candidates at potential discounted prices with current funding climate difficulties.   Software legislation and standards are emerging that will impact SDVs specifically and...

Market & Tech Reports  Updated at: 2023/01/31

ermarket parts.   Under the Thai government's preferential treatment, the excise tax rate on imported electric motorcycles that meet the criteria will be 1% from 2022 to 2023. In addition, each electric two-wheeled vehicle will receive a subsidy of THB 18,000 (approximately JPY 68,000), which is a discount for the buyer.   For electric motorcycles manufactured in Thailand, the same tax rates and subsidies apply as for imported models if the man...

Market & Tech Reports  Updated at: 2022/08/22

in October, November, and December rose 54.1%, 62.4%, and 69.2%, respectively, when compared to the same period in 2020 when the COVID-19 pandemic heavily hit the country. Positive factors cited by Gaikindo included the slowing down of coronavirus cases, the provision of government incentives at a discount borne by the Government (PPNBM DTP), as well as the Gaikindo Indonesia International Auto Show (GIIAS) 2021 automotive exhibition series. Veh...

Market & Tech Reports  Updated at: 2022/02/09

rom September to December. On March 25, 2021, the government announced that it will also reduce taxes on vehicles with engine displacements of 1501-2500 cc and vehicles with a local content above 60%. The tax reduction rate varies depending on the drive system. The first, for 2WD vehicles, is a 50% discount from April to August and a 25% discount from September to December. The second, for 4WD vehicles, is a discount of 25% from April to August a...

Market & Tech Reports  Updated at: 2021/10/20

s new model announcements by OEMs. Demand remains high compared to last year, towards the end of 2020.   Impact of Covid-19   According to FADA (Federation of Automobile Dealers Associations), there is a reduction in customer foot fall from February onwards. The dealers expected a good demand and discount for BS-IV vehicles in February - March 2020. But the cases of Covid-19 resulted in an alarming drop in customer walk-ins in auto showrooms. F...

Market & Tech Reports  Updated at: 2021/03/15

storage system-related equipment and components. ・On August 20, the new company announced a new business model, "NIO BaaS (Battery as a Service)," which allows a NIO BaaS user to purchase a car without the battery. Users who choose to purchase NIO cars with NIO BaaS can purchase a vehicle at a discount of CNY 70,000 off the standard vehicle price and subscribe to a battery subscription service starting from CNY 980 per month (for a 70kWh bat...

Market & Tech Reports  Updated at: 2020/12/18

constructive total loss of the vehicle. On older vehicles, the option to pay annual premium continues.   The new law would increase the initial outgo on the purchase of a new vehicle as the consumer will now be required to buy the policy for a longer term. In addition, consumers will not receive a discount on renewal until the policy matures.   Government measures to counter the slowdown in the auto sector   On August 23, 2019, the Finance Min...

Market & Tech Reports  Updated at: 2019/09/13

(see the diagram on the right below). To achieve this, Nissan is targeting to limit the number of vehicles it sells in the U.S. in FY 2022 to 1.4 million units. At the same time, Nissan aims to increase the number of retail sales in the U.S. (not fleet sales) by 100,000 vehicles annually. Since the discount range differs greatly between fleet sales and retail sales, if Nissan can achieve the increase of 100,000 units, it believes that this will d...

Market & Tech Reports  Updated at: 2019/08/15

volume, Mazda made a downward revision from the “2 million units in FY2023” target it announced in April 2018. Although Mazda’s global production capacity is expected to exceed 2 million units with the operation of its U.S. plant in 2021, it is aiming to improve the brand price by controlling discount sales and selling at the standard price level.   In the fiscal year of 2018, although the ratio of Mazda’s crossover SUV in terms of total...

Market & Tech Reports  Updated at: 2019/08/01