Electric vehicles
The Association of Southeast Asian Nations (ASEAN) is positioned to become a hub for electric vehicle (EV) production and battery manufacturing, driven by the region's expansion of semiconductor capacity and its strategic location in the global EV value chain. ASEAN's semiconductor capacity is crucial for the
Electric vehicles
Pakistan has made a significant stride toward sustainable transport by unveiling its New Electric Vehicle Policy (NEVP) 2025-2030, with a target of 30% of all new vehicle sales to be electric by 2030. This joint effort by the Ministry of Climate Change and Environmental Coordination (MoCC and EC), the Ministry
Motor vehicle drivers
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Tariffs
The mid-year auto market analysis by CarGurus highlights the impact of tariff uncertainty, shifting inventory dynamics, and evolving consumer preferences on the new and used vehicle market. The report reveals that new vehicle sales spiked 48% year-over-year in the days after the March tariff announcement, with buyers racing to beat
Tariffs
Consumers pulled back from a spending surge early in the year to avoid paying higher prices on imported goods due to President Donald Trump's tariffs. Retail sales declined 0.9% in May, with auto sales plummeting by 3.5%. Excluding autos, sales fell 0.3% in May. Despite
Tariffs
US President Donald Trump and UK Prime Minister Keir Starmer finalized a trade deal at the G7 summit in Canada, covering the aerospace and auto sectors. The agreement eliminates tariffs in the UK aerospace industry, while the auto industry will face 10% tariffs, down from 25%. The steel industry still
Tariffs
The US automotive industry is bracing for significant challenges as the trade environment becomes increasingly complex. Amidst the backdrop of escalating trade tensions and tariff hikes, automakers and suppliers are grappling with the risks of parts shortages and production disruptions. The recent court decisions striking down tariffs issued under the
Tariffs
Jaguar Land Rover has paused deliveries to the US due to tariffs imposed by President Donald Trump, resulting in a hit to profits. The company, which accounts for over a quarter of its sales in the US, is reassessing its strategy in the region. JLR is exploring ways to counter
Exports
China's imposition of curbs on rare earth exports has caused a stir in the global auto industry, with manufacturers and suppliers already experiencing stockouts of rare earth magnets. The situation has prompted India's foreign ministry to touch base with China to restore predictability in supply chains.
Exports
As the global economy remains uncertain, the recent US jobs report and China's rare earth exports have sent mixed signals to investors. The dollar index has largely unwound its pre-weekend gains, while major currencies such as the euro, yuan, and yen have shown significant fluctuations. Key Takeaways: * The
Electric vehicles
More than $14 billion in clean energy projects have been canceled or delayed in the United States since January, according to a new analysis by Environmental Entrepreneurs (E2). The 2025 losses have also cost 10,000 new jobs in low-carbon energy and clean vehicle factories. The cuts came amid rising
Electric vehicles
As the world shifts towards more environmentally friendly and sustainable forms of transportation, researchers at Obuda University in Budapest, Hungary, have been studying the growing trend of hydrogen fuel cell vehicles. According to a recent report, car manufacturers are investing heavily in the development and production of these vehicles, which
