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Tesla: China’s best-selling car brand reported EV and hybrid sales of 340,178 in December — including 190,754 all-electric cars — aided by aggressive end-of-year discounting, according to an exchange filing on Monday.
Lawmakers warn of a “coming wave” of Chinese vehicles that “will be exported from our other trading partners, such as Mexico.”
UK Car Output: "UK car production is firmly back on track following the tough COVID years and resulting supply chain challenges," Mike Hawes, CEO of the Society of Motor Manufacturers and Traders, said. Export volumes increased by 15.2%, mainly driven by demand from the European Union, China and Turkey, the data showed.
If you're considering purchasing an electric vehicle, especially a two-wheeler, time is of the essence to secure a great deal. Numerous electric vehicle manufacturers have introduced special offers on electric two-wheelers exclusively for this month. Additionally, there are uncertainties surrounding the continuation of the FAME subsidy in the near future.
Tata Motors: India is working on a new policy to cut import taxes on EVs to as low as 15% for companies committing to some local manufacturing. The policy could allow Tesla to set up its India factory to make its proposed $24,000 car, while importing its more expensive models with lower tax.