Electric vehicles
Tesla's lobbyists have pushed the UK Government to overhaul the Renewable Transport Fuel Obligation (RTFO) scheme, which was introduced in 2008 to reduce greenhouse gas emissions from fuel. The scheme requires traditional fossil fuel suppliers to blend their fuel with around 15% of biofuels, and those who cannot
Electric vehicles
The Australian automotive market is undergoing a significant shift as consumers opt for electric vehicles and alternative finance options. According to the Federal Chamber of Automotive Industries, new car purchases have declined over the past two months, while sales of used EVs have grown, making EV driving more accessible to
Electric vehicles
As the world shifts towards a more sustainable energy mix, the North American energy landscape is undergoing significant changes. The recently added report to ResearchAndMarkets.com's offering provides an in-depth analysis of the sector and companies driving this development in the region. The report highlights key changes implemented
Electric vehicles
As trade tensions between China and the US continue to escalate, the European electric vehicle industry is facing a critical supply chain rupture. A report by Berylls by AlixPartners warns that rare earth supplies are perilously low, with just five to six weeks of stockpiles left, and production lines across
Tariffs
The European automotive market, already impacted by a shrinking demand and increasing competition in China, took another hit as Volkswagen assured investors of growth potential in the US market. However, Donald Trump's volley of tariffs, particularly a 25 per cent levy on car imports, has dampened the company&
Tariffs
As the world's automakers struggle with slowing growth in electric vehicle sales, Stellantis NV, the parent company of Dodge, has announced that it will postpone production of the 2026 electric Dodge Charger R/T at its Windsor, Ont., assembly plant due to US tariffs on Canadian-made cars. This
Electric vehicles
Recent changes in North American politics, specifically Donald Trump's second term in Q1 2025, have significantly impacted the region's energy transition, particularly in wind power, energy storage, and electric vehicles. The President's series of executive orders prioritizing fossil fuels over renewables has led to
Tariffs
Fitch Ratings' analysis of the U.S. tariffs on imported autos and automotive parts indicates that these measures will lead to increased used car prices and demand, ultimately supporting auto loan and lease recoveries and residual values. However, this comes at the cost of higher default frequencies from borrowers
Tariffs
Japan's top automotive companies, including Toyota, Honda, and Sony, could face significant losses due to the ongoing US-China trade tensions, with some estimates suggesting a total hit of up to Y4tn (approximately $27.6bn) in the current full-year earnings season. The pressure is mounting on Japan's
Electric vehicles
Savannah, GA, a city known for its historic charm and business-friendly environment, is now home to Hyundai's electric vehicle factory, a $7.59 billion investment that is set to create thousands of jobs and boost the local economy. The factory, which began producing vehicles earlier this year, is
Tariffs
The automotive industry is experiencing significant turmoil due to the ongoing trade conflicts between the US and China, leading to tariff uncertainty and a potential revenue impact. Automakers are struggling to adapt to the changing landscape, with some projecting lower production volumes and increased costs. Key Takeaways: * The Trump administration&
Electric vehicles
As the Republic of China announces investment plans, Nigeria is poised to become a key player in the electric vehicle manufacturing industry. The Chinese Ambassador to Nigeria, Yu Dunhai, emphasized the importance of strengthening collaboration between China and Nigeria, particularly in the solid minerals sector. With China's commitment
