Automotive Industry
Impacts on automotive manufacturing and production.
The UK government has launched a new £650 million Electric Car Grant, automatically reducing the purchase price of eligible electric vehicles to accelerate EV adoption.
Chinese Electric Vehicle Brands Accelerate European Market Penetration Amidst Protectionist Measures
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French new car registrations fell 7.7% in July, marking the seventh consecutive monthly decline and the 14th in 15 months, indicating a persistent market struggle.
Türkiye has significantly increased the Special Consumption Tax (SCT) on electric vehicles, raising the lowest rate from 10% to 25%.
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Jaguar Land Rover has committed to an “all-in” strategy for electric vehicles, aiming for a fully electric luxury lineup.
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Isuzu is set to launch its first battery-electric pickup, the D-MAX EV, with production commencing in April 2025.
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Cadillac has emerged as America's top luxury electric vehicle seller, surpassing traditional German automotive giants in the rapidly evolving EV market.