Chinese automakers

China’s Electric Vehicle Boom Reshapes Global Auto Industry

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China’s electric vehicle (EV) industry has surged to global dominance, capturing 70% of EV sales in 2024, driven by companies like BYD and Geely. With advanced technology, low costs, and massive government support, China outpaces Western automakers, prompting concerns about competitiveness. Ford’s CEO called it a “humbling” challenge, as Chinese EVs expand into markets like … Read more

Trump’s Tax Bill Threatens EV Boom: $7,500 Credit Faces Early End

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“The U.S. Senate’s passage of President Trump’s tax bill, which ends the $7,500 EV tax credit by September 30, 2025, has sparked concerns in India’s EV sector. The move could weaken U.S. EV makers like Tesla, potentially benefiting Chinese rivals. Indian automakers and policymakers are closely monitoring the impact on global EV markets and India’s … Read more