e market as a whole was sluggish. Looking at the industry trends for January and February, the manufacturing and sales of automobiles decreased compared to the same period last year due to a combination of factors such as the decrease in demand resulting from policy changes such as the preferential tax treatment for New Energy Vehicles (NEVs), a decline in consumer sentiment, and the high sales levels in the same period of the previous year.   A...

Market & Tech Reports  Updated at: 2026/03/27

t so far prices have remained unchanged. Instead, there is a trend towards increasing the unit price by adding value through upgrades and safety features. Even after interviewing various companies at the exhibition venue, the author did not hear of any plans to pass on the reduction in preferential tax treatment to product prices. Chery Automobile   Chery, which has been leading the way in EV sales in 2025 alongside BYD, is currently one of the ...

Market & Tech Reports  Updated at: 2026/03/27

ening two months of PV sales down 24.9% YoY. On a selling rate basis, things looked brighter from a monthly perspective, with the metric improving 28.9% MoM to 17.7 mn units/year, though the rate fell 6.3% YoY. Sales in China are facing significantly less policy support in the short term as the NEV tax discounting was reduced at the end of last year, and regionally varied lags in the updated trade-in subsidy scheme’s implementation leave consum...

Market & Tech Reports  Updated at: 2026/03/24

ated: CBI products include disc brakes (rotor, calipers), drum brakes, and parking brakes. Brembo (Brembo N.V.) Click here to see recent developments. Business overview: In June 2023, Brembo’s 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: 2026/03/24

ormance) that meet the needs of Chinese customers Advanced safety equipment and comfort features such as large displays and new concept seats   China is the world's largest automobile market, with NEVs (BEVs, PHEVs, FCVs) accounting for nearly 50% of the market. Starting in 2026, vehicle purchase tax exemptions and replacement subsidy payment formats have changed, which will have a significant impact on the sales environment of NEVs, including ...

Market & Tech Reports  Updated at: 2026/03/17

senger car export volume hit an all-time high, fully demonstrating that the global competitiveness of the Chinese automotive industry has been enhancing amid persistently strong market demand outside of China. Although retail sales declined significantly after the expiration of the vehicle purchase tax exemption policies, there were obvious structural changes, namely, an increase in the market share of high-end NEVs and a decrease in that of entr...

Market & Tech Reports  Updated at: 2026/03/16

ts the previous month, and the domestic market share expanded from 45.1% to 55.9%.   The main reasons for the decrease in the Chinese market are considered to be the significant impact of changes in New Energy Vehicle (NEV) support policy, such as the switch from full exemption of vehicle purchase taxes until the end of 2025 to half exemption in 2026, and the change from fixed amount subsidies for vehicle replacement to a format where subsidies ...

Market & Tech Reports  Updated at: 2026/03/03

the market declined 2.0% as sales totaled 6.6 mn units globally. For the first time in an extended period, the US, Western Europe, and China all experienced a decline in the same month. The drivers varied by region: in the US, severe weather weighed on sales; in China, the reduction in NEV purchase-tax discounts and changes to the trade-in subsidy program sharply reduced volumes; and in Western Europe, a December pull-forward, was followed by a m...

Market & Tech Reports  Updated at: 2026/02/24

ve Association (MAA) reported that despite monthly sales volumes fluctuating in 2025, the year closed on a strong note, with December achieving a record high driven by robust year-end demand.   October sales rose 6.0%, supported by a rush for fully imported (CBU) BEVs ahead of the expiration of EV tax incentives at the end of December. Growth continued with a 5.5% increase in November and a strong 10.3% jump in December. As a result, full-year 2...

Market & Tech Reports  Updated at: 2026/02/20

nese Ministry of Industry and Information Technology (MIIT) and four other government offices released the Notice on the Implementation of a Campaign to Promote NEVs in Rural Areas in 2025 to stimulate demand for NEVs in county and rural markets through a synergistic effect with vehicle acquisition tax reductions and trade-in policies. In June 2025, the Chinese Ministry of Commerce published the Notice on the Implementation of NEV Consumption Pro...

Market & Tech Reports  Updated at: 2026/02/19

The Spanish PV market improved in January 2026 as sales grew just over 1% YoY to 73k units. The selling rate fell heavily, down 22% MoM to 1.02 mn units/year due to a strong year-end. Industry leaders are calling for more certainty regarding the Auto+ Plan and the extension of the 15% income tax deduction for the purchase of EVs, as the market is currently without support for EV purchases, which is discouraging some buyers from making purc...

Market & Tech Reports  Updated at: 2026/02/09

volume Impact of incentives   One of the main reasons for the increase in electrified vehicle sales is the impact of incentives given to electrified vehicle buyers and companies in each country. In the United States and Canada, where electrified vehicle sales are slowing, one factor is the end of tax credits for the purchase of BEVs in 2025. Electrified vehicle purchase incentives The table can be scrolled left and right. Country Conte...

Market & Tech Reports  Updated at: 2026/02/09

policy shifts have prompted a wait-and-see approach, meaning that a pronounced year-end “tail-up” effect is therefore unlikely. The current pullback is a rational correction and will not undermine the market’s underlying growth momentum. As scrappage and renewal subsidies will extend to 2026, tax exemptions on the purchase of NEVs, the continuous attention of the market to auto price adjustments, and the launch of new models, have all heigh...

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

,000 are truncated   Electric vehicle sales in China in December were 1.284 million units, down 10.0% from the previous month and down 7.5% from the same month last year. The previous month, sales volume increased significantly due to last-minute demand following the reduction in vehicle purchase tax exemptions, but in December sales stagnated. It is believed that the series of changes and suspensions of local government subsidies, as well as t...

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

mn units. December 2025 contained one additional selling day compared to December 2024, therefore sales declined by 5.2% YoY on a selling day-adjusted basis. The annualized selling rate accelerated to 16.3 mn units/year in December, from 15.8 mn units/year in November. End-of-year sales events and tax write-off provisions for larger vehicles seemed to drive healthy sales in December, even if depressed EV sales were a drag on the market. Average ...

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

Tesla: Struggling with Slowing U.S. BEV Demand and Intensifying Competition in China GlobalData sales forecast: Gradual decline from 1.6 million units; promotion of Robotaxi business Summary GlobalData Sales Forecast: Tesla sales will decline, but recover around 2030 with the launch of a low-cost model Sales trends: Model Y and Model 3 account for over 95% of total sales Production trends: Production ramp-up slows down from 2024 U.S.: BEV sales s...

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

volume accounted for 70.9% of the NEV volume, reflecting a great increase from 59.4% in the same period last year. In December 2025, China’s passenger car production and wholesale volumes were stable, an opportunity for major automakers to relieve pressure. The expiration of the vehicle purchase tax exemption policy drove NEV retail performance to reach a record high. Amid the upcoming expiration of the NEV purchase tax exemption policy, NEVs ...

Market & Tech Reports  Updated at: 2026/01/13

r the 2025 January to November period increased 11.1% y/y to 4.998 million units, accounting for 8.4% of total vehicle sales volume. November electric vehicle sales increased both month-over-month (m/m) and year-over-year (y/y). The increase was due to rush demand before the change of preferential tax treatment for NEVs in China, which offset the decline in EV sales in the U.S. The same trend is expected to continue in December, but from January...

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

5) (Source: MarkLines Sales Volume Dashboard Sales Share by Segment (Left: Japan, Right: U.S.))   Minicar standards vary by country and region, and almost all Japanese kei passenger cars are sold with engine displacement and body sizes that meet the upper limits of the standards. Minicars are taxed differently from registered vehicles (standard cars and compact cars), with automobile and weight taxes set lower than for registered vehicles. ...

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

market fell 2% as sales totaled 8.1 mn units globally. Year-to-date (YTD), 83.6 mn vehicles have been sold, up 4% from the same period in 2024. The key markets of the US, Western Europe, and China saw mixed fortunes. In the US, sales fell for a second consecutive month YoY due to the removal of EV tax credits and economic headwinds. In Western Europe, sales remained broadly flat; however, the outlook remains more positive heading into 2026. Fina...

Market & Tech Reports  Updated at: 2025/12/19