Electric vehicles
EU advances ‘Made in EU’ Industrial Accelerator Act; China warns of countermeasures
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The European Commission has proposed the Industrial Accelerator Act, a flagship “Made in EU” initiative that would tie parts of public procurement and support schemes to local-content and low‑carbon requirements in selected strategic sectors. China’s commerce ministry has criticized the plan as discriminatory and warned it could respond if Chinese companies’ interests are harmed.
Electric vehicle sales in the US reached more than 85,000 units in May, marking the best performance since federal tax credits ended last fall. Average transaction prices continued to decline amid high incentives from automakers.
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The Ferrari Luce, the brand's first electric vehicle, has generated heated discussion online over its design.
BYD has launched the Atto 3 EVO in Spain, the new generation of its 4.45-meter compact electric SUV. The model features the e-Platform 3.0 with rear-wheel or all-wheel drive options, and ranges exceeding 700 km in urban cycle.
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South Korea's transport ministry proposed law amendments to let EV buyers check battery makers and countries of origin. Disclosable information will expand from six to ten items, with higher fines for non-disclosure. New rules also target repeated battery defects with certification revocations.
Chinese automaker BYD has surpassed Tesla to become the world's largest seller of electric vehicles in 2025, with sales of 2.26 million units compared to Tesla's 1.64 million deliveries. Tesla's figures mark a second consecutive annual decline of 9 percent, driven by the end of U.S. tax credits and intensifying global competition. Despite the sales drop, Tesla's stock rose about 11 percent for the year amid optimism over future technologies like robotaxis.
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Only 1,300 premium taxis are in service in Hong Kong, well below the government's target of 3,500 since the fleets launched in July. Industry players blame unattractive earnings, a lack of charging facilities, and competition from ride-hailing services for the slow rollout. The Transport Department has not commented on revoking licenses for operators failing to meet minimum vehicle requirements by November.
Electric vehicle sales reach historic levels in Chile
May 08, 2026 00:36Stellantis to build new Opel electric SUV in Zaragoza and transfer Madrid plant to Leapmotor
May 05, 2026 08:04Porsche unveils Cayenne Turbo Electric as its most powerful model
May 02, 2026 23:54Electric vehicle sales in Colombia surge 304% in April led by Tesla
April 27, 2026 00:58Chinese automakers lead Beijing Auto Show 2026 with electromobility focus
February 23, 2026 05:54Upme opens applications for tax incentive certificate in clean energy
February 21, 2026 17:02BYD outsells Tesla 10-to-1 in Australia's EV market amid ongoing rivalry
January 08, 2026 10:31Tesla's 2025 Europe Sales: Full-Year Collapse Except Norway Boom
January 05, 2026 13:19France cold wave: Widespread transport chaos as snow blankets west and Paris region
January 02, 2026 23:392025 EV Sales: Tesla's Regional Declines and Production Challenges as BYD Takes Lead