Browsing: Subsidies
China’s vehicle exports are expected to increase by 5.8% to 6.2 million units in 2025, a sharp slowdown from the…
Hyzon Motors, a US-based fuel cell commercial vehicle manufacturer, is preparing to dissolve and liquidate its operations following a decision…
ermany’s electric vehicle (EV) market experienced a dramatic downturn in 2024, with sales of battery-electric vehicles (BEVs) plummeting by 27.4%…
Leapmotor unveiled two new long-range battery electric vehicle (BEV) variants of its six-seat SUV, the C16, aimed at expanding its…
Fraudsters exploited state subsidies for electric buses in France, embezzling up to €12 million through fictitious vehicle registrations, according to…
Germany’s Federal Ministry of Economics announced it will provide up to €5 billion in subsidies over several years to support…
Chinese companies, known for their dominance in the electric vehicle (EV) market, are expanding their reach into the electric truck…
U.S. Commerce Department Reaches Deal with Bosch for $225 Million Subsidy to Build Key EV Semiconductor Plant in California
By James Bryant
The U.S. Commerce Department announced on Friday that it has reached a preliminary agreement with German auto supplier Bosch for…
The U.S. Environmental Protection Agency (EPA) has unveiled $735 million in funding aimed at accelerating the adoption of zero-emission heavy-duty…
South Korea’s POSCO Holdings Inc. and Australian mining firm Hancock Prospecting have signed a memorandum of understanding to jointly establish…
Stellantis and CATL to Build Major EV Battery Plant in Spain with €4.1 Billion Investment
By Robin Cannon
Stellantis and Chinese battery maker CATL have announced plans to invest €4.1 billion ($4.33 billion) to construct one of Europe’s…
Tesla’s long-rumored compact model, which was initially speculated to be called the Model 2, might now be released as the…
The cost of electric vehicle (EV) batteries is plummeting, marking the steepest decline since 2017, as new technologies and cost-efficient…
BYD is set to roll out a mid-lifecycle update for its Dolphin electric hatchback, four years after its initial debut.…
Chinese automakers are pivoting to hybrid vehicles as a strategy to bypass the European Union’s newly imposed tariffs on electric…
Germany’s automotive sector is navigating a period of turbulence, as strikes, internal tensions within major companies like Volkswagen, and cost-cutting…
EU Proposes Additional €1 Billion to Support Electric Vehicle Battery Manufacturing Amid Industry Challenges
By Jackson Han
The European Commission has called for an additional €1 billion in EU funds to bolster electric vehicle (EV) battery cell…
France plans to cut subsidies for electric vehicle (EV) purchases, lowering bonuses to a range of €2,000 to €4,000 based…
Kia and Hyundai remain confident as Chinese automaker BYD prepares to launch its passenger electric vehicles in South Korea by…
The European Union (EU) has refuted claims that it is on the verge of finalizing an agreement with China regarding…