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

ances with battery manufacturers or in-house production.   Furthermore, growing geopolitical supply risks in recent years and policies to eliminate Chinese influence are accelerating this trend. In 2024, the conditions for batteries to be manufactured in the United States in order to qualify for a tax credit (up to USD 7,500) when purchasing an EV were tightened, and rules were put into place that make batteries produced in FEOCs (foreign entiti...

Market & Tech Reports  Updated at: 2025/02/21

s as in January 2024, a direct comparison was possible. The annualized selling rate eased to 15.7 mn units/year in January, down from 17.0 mn units/year in December. The market appeared to carry on largely as normal, despite uncertainty over the new Trump administration's policies on tariffs and EV tax credits. Average transaction prices were measured at US$45,374 in January, down by US$1,015 MoM, but still up by US$500 YoY. While incentives were...

Market & Tech Reports  Updated at: 2025/02/21

l, EV sales increased by approximately 15.5% y/y to 7.719 million units, PHVs increased by 83.3% y/y to 5.141 million units, but FCV sales fell by 12.6% to 5,000 units. Click here to see NEV sales trends in 2024.   On June 20, 2023, the Chinese Ministry of Finance, the General Administration of Taxation, and the Ministry of Industry and Information Technology jointly issued the "Public Notice on the Extension and Optimization of the Vehicle A...

Market & Tech Reports  Updated at: 2025/02/19

re sold in nearly 100 countries and regions, with passenger car sales outside China totaling 417,000 units in 2024.   The major overseas trends for 2024 are as follows: European Market   BYD is still expanding its sales in the European market despite the obstacles posed by the EU's anti-subsidy tax policies. In Hungary, the company announced the acquisition of land and the construction of its first NEV plant in Europe. In addition, the compan...

Market & Tech Reports  Updated at: 2025/02/18

hitecture mid-term strategy E/E architecture and software; Partnership with Rivian and X Peng Chinese business: Intelligent Connected Vehicles (ICV) Restructuring of plants in Germany: Production capacity reduction of 734,000 units, employment reduction of 35,000 employees Jan-Sep 2024 results: Pre-tax and after-tax income down 30% GlobalData Sales Forecast: VW Group's sales will be 8.72 million units in 2028 The ID. UNYX, an E-SUV coupe fo...

Market & Tech Reports  Updated at: 2025/02/10

The outlook for the global LV market remains that of an upward trajectory over the next few years, even though it is at a slightly lower level than previously forecast.-With Donald Trump winning the US presidential election, automotive-specific policy could be reshaped, including in the areas of EV tax credits, emissions standards, and autonomous vehicle regulation. Should tariffs materialize on Canada and Mexico, there is a downside risk to US s...

Market & Tech Reports  Updated at: 2025/01/31