MARKET NEWS

Toyota plans to launch six electric models in Europe by 2026 as they lay out plans for tougher emissions rules Link

As Western auto brands have grown, Chinese battery makers are set to dominate Europe’s car industry Link

DHL Group and Ford’s new commercial customer announced today a new collaboration for the use of electric vans for worldwide deliveries Link

Soaring cost of key metals lead to EV batteries rising in cost for the first time in more than a decade Link

EVs made or sold in the UK and Europe will cost 10% more by 2024 due to EU tariffs Link

Sale of hybrid cars double that of EVs in Australia with experts blaming lack of electric incentives Link

Tesla starts EV sale in Thailand in challenge for Chinese rivals Link

RELEVANT ARTICLE

Trucks: Tesla Semi pulls ahead as start-up rivals crash Link

Trucks account for about 30% of carbon emissions from global transport. The Tesla Semi truck claims a 500-mile range and the ability to carry up to 82,000lb, the long-haul vehicles promise to bring transformational reductions in greenhouse gases. Costs will vary according to charging times. Truck owners will pay more if they want their vehicles back on the road quickly. Tesla’s self-driving software could one day remove drivers, further cutting costs. However, Tesla was supposed to deliver the Semi in 2019, since then competitors have moved forward but the wave of competition from start-ups is easing. Musk’s trucks may be remembered long after his controversial takeover of Twitter has been forgotten.

Tesla/Thailand: tax breaks electrify local car market Link

Thailand is on the cusp of becoming a new source of growth for both the US electric carmaker and its global peers. Toyota’s decades-long dominance over the local vehicle market is nearing an end, due to the slow rollout of electric cars has left a gap for new entrants to fill. Tesla has now entered into the market, and it’s expected more companies will move their production to Thailand to take advantage of tax breaks and less competition. It’s good for Thailand too as the industry accounts for 12% of their economy so it should boost related local stocks, particularly parts makers such as Thai Stanley Electric and Aapico Hitech.