Autoline Daily 2024: Top Industry News for May 6
EVs Put Dent in Gasoline Demand; U.S. Updates EV Tax Credit Rules, More Eligible; France Boosts EV Sales Targets
EVs Put Dent in Gasoline Demand; U.S. Updates EV Tax Credit Rules, More Eligible; France Boosts EV Sales Targets
Forester, Subaru’s third-best seller, gets a total makeover for the 2025 model year. It goes on sale in late May/early June, priced from $29,695 to $39,995.
Electrified powertrains continue to drive global vehicle sales for Volvo Cars.
The 2025 Toyota Crown Signia comes with a hybrid powertrain only and gives customers a true station-wagon option.
Should BYD open a Mexican plant and build up a Mexican supply chain (and even source parts from the U.S. and Canada), then under the US-Mexico-Canada Agreement’s rules of origin, its BEVs could enter the U.S. duty-free.
Collaboration between OEMs, aftermarket entities and regulatory bodies is imperative to develop standardized procedures and guidelines for vehicle customization.
Chinese battery giant predicts a shortfall in global production to meet expected future BEV demand.