Author: James Bryant

Thailand plans to introduce tax incentives for the manufacturing of plug-in hybrid vehicles (PHEVs), with changes potentially taking effect from 2026, pending approval, Deputy Finance Minister Paopoom Rojanasakul announced on Monday. Under the proposed scheme, tax rates would be determined based on a vehicle’s electric-only travel range per battery charge, offering lower taxes for longer ranges. Paopoom stated that the proposal is expected to be submitted to the cabinet by April. See also: Mazda to Introduce Five Electrified Models in Thailand by 2027, Including Two EVs Thailand, recognized as Southeast Asia’s largest automotive production hub and an export base for…

The global battery market experienced rapid growth in 2024, fueled by a surge in electric vehicle (EV) sales, while the average price of EV battery packs fell below $100 per kilowatt-hour (kWh) for the first time, according to a new analysis by the International Energy Agency (IEA). “The battery industry has entered a new phase,” the IEA stated, noting that worldwide EV sales climbed by 25% to reach 17 million units in 2024. As a result, global annual battery demand surpassed one terawatt-hour (TWh) for the first time. Although this figure includes all types of batteries, EVs accounted for 85%…

Swedish public transport operator Svealandstrafiken has placed an additional order for 33 electric city buses from Volvo Buses, bringing its total order with the manufacturer to 106 units. The newly ordered Volvo 7900 Electric Articulated buses are set to enter service in Örebro in 2026. Earlier this year, Svealandstrafiken ordered 73 electric buses from Volvo, comprising 13 articulated city buses for Örebro and 60 regional buses for operations in Örebro County and Västmanland County. The city buses are expected to be delivered in early 2026, while the regional buses will arrive in early 2027. The latest order boosts the total…

Chicago-area utility ComEd is partnering with Nuvve to explore the potential of bidirectional charging, using electric school buses to support the grid as part of a new pilot program set to launch in 2025. The initiative will test vehicle-to-grid (V2G) technology, allowing school buses to serve as mobile energy storage units. When not in use, their batteries can feed power back into the grid during peak demand periods, providing financial benefits to school districts and additional energy resources to the utility. See also: Nuvve Unveils New Bidirectional and Unidirectional EV Chargers to Advance Electrification “Nuvve’s cutting-edge V2G technology transforms electric…

U.S. charging provider Electrify America said demand for its electric vehicle (EV) chargers grew by 50% in 2024 as it looks to expand its network of 350 kW chargers across North America this year. The company, a subsidiary of Volkswagen, now operates over 4,800 public chargers at more than 1,000 locations, including 20 ‘Hyper-Fast’ chargers at its first indoor hub in San Francisco. It claims to have contributed to the largest rollout of 350 kW chargers in the U.S. and Canada. See also: Electrify America and 4 Gen Logistics Unveil Charging Station at Port of Long Beach Electrify America said…

Nio recorded an average of 97,800 daily battery swaps in February, driven by increased travel demand during the Chinese New Year holiday, the company said in a report on Wednesday. The Chinese electric vehicle (EV) maker completed 2,738,400 battery swaps from February 1 to 28, with peak activity recorded on February 3, when it provided a single-day high of 136,720 swaps. “This surge in battery swap services was largely due to the increased driving trips during the Chinese New Year period,” Nio stated. See also: Nio Reports 13,192 Deliveries in February as Main Brand Recovers, Onvo Declines The company added…

Dutch logistics provider Cornelissen Transport has placed an order for 27 electric trucks from German manufacturer MAN, as part of its plan to expand its zero-emission fleet. The first deliveries are scheduled for the end of June. Cornelissen, which currently operates 20 heavy-duty electric trucks, aims to increase its electric fleet to 80 units by the end of the year. The latest order includes 25 eTGX tractor units and two eTGS electric trucks. “With this investment, we are taking an important step towards making our fleet more sustainable and introducing MAN as a new brand in our organisation,” the company…

H2 Mobility will shut down 22 smaller hydrogen refuelling stations for passenger cars by mid-2025, as the company moves to prioritize infrastructure for commercial vehicles. Eleven stations will go offline by the end of March, with another eleven set to close by the end of June. “Older, small refuelling stations with a focus on passenger cars, some of which were built more than 10 years ago and no longer meet today’s technical and economic requirements, must be removed from the network where this is unavoidable,” said Martin Jüngel, Managing Director & CFO of H2 Mobility. See also: Daimler Buses and…

Tesla’s vehicle sales in Europe continued to decline in February, with early market data showing significant year-over-year drops in key regions. The downward trend, which began last year, appears to have accelerated in 2025, driven by factors including political controversies surrounding CEO Elon Musk and the transition to an updated Model Y. Sales reports from France, Norway, Sweden, and Denmark indicate a steep decline in Tesla’s market performance compared to February 2024. In Norway, where nearly all new vehicle sales are electric, overall car sales rose 21% last month, while Tesla’s registrations fell 48%. See also: Tesla Cuts Model Y…

DHL Group is expanding its network of electric vehicle (EV) competence centers in the Asia-Pacific region as part of its broader strategy to strengthen logistics services for the battery, raw materials, and electric mobility industries. The initiative is aligned with the company’s 2030 strategy, which identifies the new energy sector as a key growth area. DHL provides transport solutions for entire electric vehicles and components, including raw materials, batteries, and spare parts, through its supply chain services. The company is also focusing on sustainable practices such as battery recycling and the repurposing of end-of-life EV components. “As the sector matures,…

Leapmotor (HKG: 9863) reported deliveries of 25,287 vehicles in February, marking a 285% increase from 6,566 units in the same period last year, though remaining largely unchanged from January’s 25,170 units. The figures reflect strong year-on-year growth, despite the seasonal impact of the Chinese New Year holiday, which ran from January 28 to February 4 this year. In the first two months of 2024, Leapmotor delivered 50,457 vehicles, representing a 167.78% increase from the 18,843 units recorded during the same period in 2023. See also: Leapmotor Launches Updated T03 Compact EV with Higher Starting Price For the full year 2023,…

Toyota has announced plans to reveal a new battery electric vehicle (BEV) on March 11, releasing a teaser image and video that hint at a “sleek and stylish” design with a spacious interior. The automaker has not disclosed specific details, but the upcoming model is expected to be based on the bZ Compact Crossover concept, which was first unveiled in 2022. See also: Toyota Unveils Third-Generation Fuel Cell System with Enhanced Durability and Efficiency Toyota described the new BEV as having “elevated driving dynamics” and a “versatile” cabin, though further specifications remain undisclosed. The teaser video highlights features such as…