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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.
The Council of Ministers has approved the regulatory bases for Plan Auto+ to subsidize purchases of electric and hybrid vehicles with up to 4,500 euros each.
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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.
President Gustavo Petro attributed the 171.3% increase in electric vehicle sales in the first quarter of 2026 to his gasoline vehicle tariff policy. In an X post, he hailed the outcome as progress in decarbonization and relief for air pollution-related mortality in cities like Bogotá and Medellín.
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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.
In the 2025 global EV sales race—where BYD claimed the top spot with 2.26 million units—Tesla's deliveries fell 8.5% to a precise 1,636,129 vehicles, with production down 6.7%. Q4 figures missed lowered expectations, revealing stark European drops amid competition and policy headwinds, though Norway bucked the trend.
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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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