owdown to 1.8% in 2025 from 2.8% the previous year, raising concerns about economic instability.   The Trump administration imposed a 25% tariff on Mexican products in March after a one-month grace period from its original declaration in early February 2025, but immediately afterwards deferred the tax on U.S.-Mexico-Canada Agreement (USMCA)-compliant goods. The grace period continues even after the early April deadline for negotiations with Mexi...

Market & Tech Reports  Updated at: 2025/07/11

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...

Market & Tech Reports  Updated at: 2025/07/10

igh.              2. A high percentage of electricity is generated from renewable energy sources such as hydroelectric power and wind power (awareness of the need to use abundant renewable energy for electric vehicles).               3. Generous policies such as subsidies, tax incentives, and charging infrastructure development.               4. A wide range of electric vehicle models is available.     Sa...

Market & Tech Reports  Updated at: 2025/06/25

selling rate reached 25.5 mn units/year. YTD LV sales now stand at 10 mn units, up over 11% from the same period in 2024. The PV sales performance continues to benefit from government subsidies, as the government has extended its vehicle trade-in scrappage incentive scheme through the end of 2025. Tax breaks on NEVs also continue this year. China's automotive industry continues to see a vehicle price war, though this is causing financial strain,...

Market & Tech Reports  Updated at: 2025/06/19

Indonesia: BYD, GAC Aion and VinFast set up EV plants Government provides tax incentives for EVs and HVs, EV battery production grows Summary Electrification policy: In 2025, value added tax, import duties, and luxury goods sales tax reduction for EVs; luxury goods sales tax reduction for HVs Electrified vehicle sales in Indonesia: 2024 BEV sales increase 2.5 times to 43,000 units VinFast, BYD and GAC Aion to build EV plants Increasing production...

Market & Tech Reports  Updated at: 2025/06/13

had a share of 12.5%, flat y/y. In May 2025, China’s passenger car retail, wholesale, and production volumes all set a new monthly high. Domestic NEV retail penetration rate rose to 52.9%, presenting robust growth amid policies for equipment replacement, consumer goods trade-in, and NEV purchase tax exemption. In June 2025, there will be 20 working days, up 1 day y/y and favorable for stable growth in vehicle production and sales volumes. The ...

Market & Tech Reports  Updated at: 2025/06/10

igh.              2. A high percentage of electricity is generated from renewable energy sources such as hydroelectric power and wind power (awareness of the need to use abundant renewable energy for electric vehicles).               3. Generous policies such as subsidies, tax incentives, and charging infrastructure development.               4. A wide range of electric vehicle models is available.     Sal...

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

Sales and Production Volume, January - March 2025 Thailand BEV sales by OEM ASEAN News Topics (Q1 2025)   * An updated version of this ASEAN report will be released every quarter.  * Thailand's sales from January to March 2025 include an adjusted value of -10 units.   Related reports:Thailand: Tax Incentives for PHVs, HVs, and MHVs in addition to EVs (May. 2025)Bangkok International Motor Show 2025 (2) Japanese & European OEMs (May. 2025)Ba...

Market & Tech Reports  Updated at: 2025/05/21

Thailand: Tax Incentives for PHVs, HVs, and MHVs in addition to EVs Chinese OEMs expand EV production; Changan, Chery to start up new plants Summary Thai government policies: Tax incentives for HVs, MHVs, and PHVs EV sales in Thailand slow in 2024, HV sales grow 1.5-fold Chinese OEMs: Launching HV and PHV models in addition to BEVs Chinese OEMs: BYD and GAC Aion start operation of EV plants in Thailand Thai production in 2025 is expected to incre...

Market & Tech Reports  Updated at: 2025/05/12

lenges in April. France’s sales dipped to 139k units, reflecting a decline of 5.6% YoY. The UK experienced a significant downturn of over 10% in April, attributed to selling day differences YoY due to the timing of Easter, as well as a pull-forward effect in March 2025 sales due to changes in car tax (VED). Meanwhile, Germany’s sales declined slightly by 0.2% YoY to 243k units as consumer confidence continues to wane amid ongoing economic hea...

Market & Tech Reports  Updated at: 2025/05/09

nt in the region in terms of value; for parts, 75% for key parts, 70% for major parts, and 65% for complementary parts MFN (Most Favored Nation): Tariff rates for WTO member countries Note: 1) For vehicles imported from Canada and Mexico, which are USMCA compliant, only non-U.S.-sourced parts are taxed. A U.S.-sourced part is defined as "the value of a part that is wholly obtained, produced, or substantially manufactured in the United States." ...

Market & Tech Reports  Updated at: 2025/05/02

igh.              2. A high percentage of electricity is generated from renewable energy sources such as hydroelectric power and wind power (awareness of the need to use abundant renewable energy for electric vehicles).               3. Generous policies such as subsidies, tax incentives, and charging infrastructure development.               4. A wide range of electric vehicle models is available.     Sal...

Market & Tech Reports  Updated at: 2025/04/25

s over inflation and interest rates. In Argentina, sales reached 44.7k units in March, up by 82.7% YoY, as the market continued to surge. The selling rate cooled slightly in March, to 503k units/year, compared to 562k units/year in February, which was the highest in more than six years. With recent tax cuts on many vehicles and greater availability of imported models, the market has now recorded three straight months with selling rates over 500k ...

Market & Tech Reports  Updated at: 2025/04/18

(Sep. 2024) Tokyo Motorcycle Show 2024: Electric Motorcycles and Parts (Apr. 2024)   This report covers the exhibits of four companies’ products that are currently available for purchase in the market.   (Exhibitor company overview) Company name Exhibited product Remarks (Price including tax) BMW AG (Headquarters: Germany) CE 04 electric large scooter 31kW (42PS) JPY 2,071,000 CE 02 electric mid-size motorcycle 11kW (15PS) JPY 1,26...

Market & Tech Reports  Updated at: 2025/04/15

n, requiring no driver's license, registration, or vehicle inspection.   Product shapes include a foldable "chair type", a "stand-up type", and a "stand-up towing type". The maximum speed is 5.5km/h, the continuous driving distance is 13 to 16km, and the retail price is JPY 418,000 to JPY 468,000 (tax included).   Sharp Energy Solutions Corporation: BEV concept "LDK+"   The booth of Sharp Energy Solutions Corporation featured the “LDK+” BE...

Market & Tech Reports  Updated at: 2025/04/08

igh.              2. A high percentage of electricity is generated from renewable energy sources such as hydroelectric power and wind power (awareness of the need to use abundant renewable energy for electric vehicles).               3. Generous policies such as subsidies, tax incentives, and charging infrastructure development.               4. A wide range of electric vehicle models is available.     Sal...

Market & Tech Reports  Updated at: 2025/03/26

et). Manufacturing related: CBI products include disc brakes (rotor, calipers), drum brakes, and parking brakes.   Brembo [Brembo S.p.A.] ▶ Recent trends Business overview: In June 2023, the registered head office location was changed from Italy to Amsterdam, the Netherlands. The company's tax residence and all business activities and employees will remain in Italy. The company's shares will also continue to be listed on Euronext Milan. ...

Market & Tech Reports  Updated at: 2025/03/21

in January, according to the China Automobile Dealers Association. While the market decelerated, it should be noted that sales in Q1 are always volatile and not a good indicator for the rest of the year. This year, the two major government incentives (i.e., the scrapping subsidies and the purchase tax exemptions on NEVs, both of which will expire at the end of 2025) are expected to continue to bolster sales. Intensifying competitions among NEV m...

Market & Tech Reports  Updated at: 2025/03/18

igh.              2. A high percentage of electricity is generated from renewable energy sources such as hydroelectric power and wind power (awareness of the need to use abundant renewable energy for electric vehicles).               3. Generous policies such as subsidies, tax incentives, and charging infrastructure development.               4. A wide range of electric vehicle models is available.     Sal...

Market & Tech Reports  Updated at: 2025/02/26

). Chinese manufacturers are steadily increasing their presence in the Indonesian market.   According to GAIKINDO, the local car market is expected to return to normal in 2025, reaching 1 million units. This was conveyed by GAIKINDO Chairman I, who said that the industry will face the challenge of tax increases in 2025.   Philippines   According to the data shared by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and t...

Market & Tech Reports  Updated at: 2025/02/25