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

ing their share, accounting for half (about 47%) of the total.   The Chinese government continues to provide policy support, further lowering barriers to car purchases through measures such as purchase subsidies, insurance premium reductions, zero-interest loan services for purchases, and purchase tax exemptions. In 2025, alternative subsidy policies continue to be promoted in some cities, guiding the smooth transition of car purchase needs to s...

Market & Tech Reports  Updated at: 2025/12/11

s achieved robust growth. Domestic NEV penetration rate stood at 59.3%, reflecting a stable growth amid a range of inclusive policies. In December 2025, there will be 23 working days, up 1 day y/y and implying relatively ample time for production and sales activities. The fact that the NEV purchase tax exemption policy will expire in 2025 and be followed by a 5% purchase tax in 2026 has bred a strong sense of urgency among consumers, which will b...

Market & Tech Reports  Updated at: 2025/12/09

ately 180,000 recharging facilities, mostly concentrated in densely populated areas.   Canada, Mexico, and Brazil are also accelerating policy support and infrastructure construction. Brazil has incorporated electric vehicles into its energy transition strategy and is attracting investment through tax incentives. Although Chinese companies in the Americas face challenges such as tariffs, lengthy certification procedures, and local production, so...

Market & Tech Reports  Updated at: 2025/12/02

of the new Trump administration, the ACC II (100% ZEV sales in 2035) was nullified, and with the passage of the July 2025 OBBB by the House and Senate, IRA credit payments were suspended in September 2025, fines for failure to meet CAFE were abolished, and the BEV USD 250/year federal registration tax was imposed, among other significant anti-BEV policies. China   China's Ministry of Industry and Information Technology (MIIT) enacted the 2018 "...

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

s, accounting for 8.4% of total vehicle sales volume.   Electric vehicle sales volume in October fell compared to the previous month, but increased compared to the same month last year, although growth slowed. EV sales in the U.S. in particular fell sharply, due to the expiration of the federal EV tax credit of up to USD 7,500 at the end of September.   At the U.S.-China summit held at the end of October, it was decided to reduce additional tar...

Market & Tech Reports  Updated at: 2025/11/26

p 2025) figures, announced in October, include adjustments to previously reported monthly data.   Looking ahead, MAA expects vehicle sales to rebound in October 2025, supported by strong year-end promotional campaigns and a rush to purchase fully imported electric vehicles before the expiry of the tax exemption at year-end. Indonesia   Based on data from the Association of Indonesia Automotive Industries (GAIKINDO) and other sources, Indonesia...

Market & Tech Reports  Updated at: 2025/11/25

terms, the market grew 3% as sales reached 8.2 mn units globally. Year-to-date (YTD), 75 mn vehicles have been sold, up 5% from the same period in 2024. The key markets of the US, Western Europe, and China experienced mixed results. In the US, sales saw a notable decline due to the removal of EV tax credits. Sales in Western Europe continued to improve with the introduction of new incentives supporting electrification, and some improvement i...

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

nomy after Covid, favourable government policies, and new model launches with better technology are a few of the factors that boost the sales of passenger cars in India.    Vehicle sales recorded a year-on-year growth of 5% year over year, but slower than the growth seen in recent years. The high taxes on vehicles, elections, inflation, uneven monsoon, availability of vehicles due to supply chain issues, etc., the pent-up demand after Covid is ...

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

rnment has worked towards an increase in demand for passenger cars, promotion of electric mobility, introduction of new technologies, and attracting new investment in this segment. The Government is also working towards the revival of the mini and small car segment, which is evident from recent GST tax reduction and relaxation in CAFÉ regulations.   Electric vehicle (EV) sales continue to accelerate but need to gain further traction to gain mar...

Market & Tech Reports  Updated at: 2025/11/19

IC Group, registered a total y/y growth of 17%. In November 2025, there will be 20 working days, down 1 day y/y and up 1 day month-over-month. This implies relatively tight time for production and sales activities. End-2025 sales growth is driven by national policies. The fact that the NEV purchase tax exemption policy will expire in 2025 and be followed by a 5% purchase tax in 2026 has bred a strong sense of urgency among consumers, prompting t...

Market & Tech Reports  Updated at: 2025/11/12

nds and activities of major Chinese and foreign automakers in the Chinese market in the third quarter (Q3) of 2025. BYD's 13 millionth NEV rolls off the production line (Source: BYD)   Major Chinese automakers are accelerating the practical application of technologies such as AI and robotaxis. BYD established the Embodied AI Lab. Geely announced its AI Smart Cockpit OS. Chery established a new company for AI and automotive components ...

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

ystems alone continue to fall. The COVID pandemic has been a major trigger, and while it is undeniable that the slump in automobile sales is also a contributing factor, it is thought that there are other factors as well. Source: Created by MarkLines   In Japan, the national consumption tax hike introduced in April 2014 was a major turning point. Due to a drop in sales volume following the rush to buy before the tax increase, the numb...

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

rate rose over 18% to 2.12 mn units/year. The PV market is expected to exceed 2 mn units for the first time since 2019. Although the new Electric Car Grant (ECG) is boosting BEV sales, changes to the Employee Car Ownership schemes, the threat of adjusting the Motability scheme, and potential income tax rises, could all weigh on the market in 2026. France’s PV market rose for a third month, with sales at 140k units (+3% YoY). The selling rate sl...

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

tery suppliers with advanced material application testing capabilities. Ampherr display announcing planned production capability in U.S. starting in 2026   Recently, the U.S. market has seen decreased focus on EVs, reflected in both government initiatives such as the removal of the EV tax credit, and OEM strategies, with less OEM investment in EV production. As such, various companies, especially battery manufacturers, showed non-au...

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

y. In January-August, LV sales grew by 11.6% YoY to 16.6 mn units, with PVs accounting for 14.9 mn units (+12.3% YoY) and LCVs totaling 1.7 mn units (+6.2% YoY). Contributing to this growth was a combination of factors including stimulus from policy measures such as scrappage and renewal subsidies; tax exemptions on the purchase of NEVs; the escalation and cooling of the price war; and the launch of new models like the Xiaomi Yu7, all of which ha...

Market & Tech Reports  Updated at: 2025/10/29

8.5% of total vehicle sales volume.   In China, new car launches continue thanks to government support measures that support car replacement purchases, and the strong performance is expected to continue through the end of the year. In the U.S., there was a rush to buy before the end of the federal tax credit for EVs at the end of September. In the U.K., the number plate switch led to an increase in overall new car sales, as in previous years in ...

Market & Tech Reports  Updated at: 2025/10/27

ts in 2025 (up 3% year-on-year) and 1.72 million units in 2026 (up 4% year-on-year). While the 2025 outlook remains unchanged, the 2026 forecast has been slightly revised downward to reflect prolonged economic and global trade uncertainties. In 2025, the South Korean government implemented multiple tax incentives ahead of schedule to stimulate demand, and the decline in energy prices also provided a positive effect. Additionally, deliveries of im...

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

ched 8.1 mn units globally. Year-to-date (YTD), 67 mn vehicles have been sold, up 5% from the same period in 2024. The key markets of the US, Western Europe, and China all experienced growth driven by various factors. In the US, the surge was largely attributed to advanced EV purchases ahead of the tax credit deadline, though non-EVs also performed well as manufacturers absorbed tariff costs, mitigating price increases. In Western Europe, countri...

Market & Tech Reports  Updated at: 2025/10/21

. In recent years, the annual trend in China’s automobile market has generally shifted from “golden September and silver October” to “silver September and golden October”, and the sustained high NEV growth rate has changed the seasonal pattern in the market. The fact that the NEV purchase tax exemption policy will expire in 2025 and be followed by a 5% purchase tax in 2026 has bred a sense of urgency among consumers since September, boo...

Market & Tech Reports  Updated at: 2025/10/15