Porsche is reportedly preparing to end Taycan production by 2030, another retreat from its aggressive EV strategy. Taycan sales plunged from 40,629 in 2023 to 16,339 in 2025 as luxury EV demand weakened. #Porsche#EV#ElectricVehicles#Autos
Global EV sales rebounded 35% in Q2 as higher oil and fuel prices following the Middle East crisis pushed more drivers toward electric vehicles, according to the IEA. The agency now expects EVs to account for 29% of global car sales in 2026. #EV#ElectricVehicles#Energy#IEA
A major shift is underway in the world’s largest crude oil importer. 📉🛢️
The recent Iran conflict appears to have accelerated China’s move toward electric vehicles, reducing long-term demand for gasoline and diesel. As oil imports fall and EV adoption grows, the ripple effects could reshape global energy markets for years to come.
New car registrations dropped by over 13% in the first 4 months of the year, reaching 37,480 units compared to 43,224 in the same period of 2025.
However, April brought a slight rebound: +2% 📈
🔍 What’s changing in consumer preferences? ⚡ Electric cars are surging: +35.7% 🔋 Hybrids continue to grow: +4.5% ⛽ Petrol and diesel cars see significant declines 📉 LPG vehicles record a sharp drop
🚗 The second-hand market isn’t spared either: –19.6% in April and –10.2% year-to-date
👉 Bottom line: the auto market is rapidly transforming, with electrification gaining ground despite an overall decline.
The European Union is facing a record $83 billion trade deficit with China, driven largely by a surge in Chinese electric and hybrid vehicle imports.
⚡ China’s EV exports to Europe nearly doubled in a year 📉 EU exports to China are declining across key sectors 🏭 European industries warn of a new “China shock”
In response, the EU is pushing a “Made in Europe” plan to support local manufacturing and reduce reliance on Chinese imports — requiring companies to use more EU-made components to access public funding.
Beijing has strongly criticized the move, warning of possible countermeasures if European policies target Chinese firms.
The global race for clean tech dominance is turning into a full-scale trade battle.
