The latest news in the world of business automotive

Welcome to Mobility Monthly, your go-to source for the latest news in the world of business automotive innovation! our newsletter is designed to keep you at the forefront of mobility trends and breakthroughs.

In this dynamic era of Automotive, where technology and sustainability intersect, Mobility Monthly is your curated guide to the most significant automotive news of the month. Whether it's groundbreaking advancements in electric vehicles, the latest in autonomous driving, or insights into the future of sustainable mobility, we've got you covered.

U.S. prioritizes decoupling from China over decarbonization in proposed EV tax rules:

• The U.S. government's new EV tax credit plan prioritizes reducing dependence on China over lowering carbon emissions.
• EVs containing Chinese-made battery components (2024) and critical minerals (2025) would be ineligible for the credit.
• This decision aims to address concerns about China's dominance in clean energy supply and potential weaponization.
• Critics argue this could slow EV adoption and harm U.S. decarbonization goals.
• Strict regulations and lack of transparency in applying the rules further complicate the matter.
• The proposed guidance will now undergo public comment and may be even stricter in its final form.

In essence, the U.S. is making a strategic choice, prioritizing economic security over immediate environmental gains in its EV promotion efforts.

Read the full article: [In EV tax rules, U.S. prefers China decoupling over decarbonization - Nikkei Asia ]

EU delays EV tariffs on UK for 3 years, boosts battery industry, investigates China:

• Good news for carmakers: EU to postpone 10% tariffs on UK-EU EV sales for 3 years, a major boost for the auto industry.
• Tariff delay: Carmakers like BMW, VW, and Stellantis lobbied hard for this reprieve as the tariffs could threaten UK production and jobs.
• France dissents: While most support the delay, France objects to reopening the Brexit deal and giving the car industry special treatment.
• EU invests in batteries: €3 billion fund dedicated to building a competitive European battery industry to challenge China's dominance.
• China under scrutiny: EU investigating claims of state subsidies for Chinese EVs.
• Not re-opening the deal: This suspension won't change the Brexit agreement, but needs approval from EU leaders and the UK.
• One-time offer: The Commission insists this is a temporary measure and expects the industry to ramp up EV production by 2027.
• China trade concerns: The tariff delay comes amidst wider EU concerns about its growing trade deficit with China and unfair competition due to potential subsidies.
• EU-China talks: Von der Leyen to meet Xi Jinping, emphasizing de-risking the one-sided EU-China trade relationship, not decoupling entirely.

In summary, the EU is giving its car industry a breather, investing in batteries, and taking a harder stance on China's trade practices.

Read the full article: [EU set to suspend Brexit tariffs on EVs for three years in major boost for car industry | Automotive industry | The Guardian ]

DC EV and Tomorrow's Journey Partner to Launch Ireland's First Car Subscription Program

• Groundbreaking partnership: DC EV and Tomorrow's Journey team up to launch Ireland's first-ever electric car subscription program.
• Simplified EV access: Subscriptions offer flexibility and convenience without long-term commitments, making EV ownership more accessible.
• Diverse EV fleet: DC EV provides a range of electric vehicles to cater to various needs and budgets.
• Seamless subscription process: JRNY platform simplifies signing up and managing subscriptions.
• Sustainable impact: Promotes EV adoption for a cleaner and greener future in Ireland.
• Major milestone: This program marks a significant step towards a more sustainable and innovative transportation landscape in the country.
• DC EV as a pioneer: They are actively shaping the future of mobility in Ireland by driving the adoption of electric vehicles.

In short, this collaboration offers a convenient and sustainable way for people in Ireland to experience electric vehicles, promoting a greener future for the country.

Read the full article here [DC EV and Tomorrow's Journey Partner to Launch Ireland's First Car Subscription Program ( tomorrowsjourney.co.uk ) ]

How will the delay on the ban on ICE manufacture affect the UK fleet industry?

Our Chairman and board member David Betteley , spoke to a panel of auto experts to find out how the UK fleet industry is coping with the constant political changes. Here are some of the key highlights from the panel which we found insightful:

• Price:?BEVs are currently more expensive to buy than ICE vehicles,?both initially and in terms of running costs.?This is the main reason for the slow adoption in the private market.
• Fleet market:?The growth in BEV sales is mainly driven by the fleet market,?which benefits from tax breaks and certainty in residual values.
• Charging infrastructure:?While charging anxiety exists,?the UK is actually in a better position than most European countries in terms of infrastructure.
• Government policy:?The government has stopped subsidising BEV purchases for private individuals and delayed the ban on ICE vehicle sales,?but the overall move towards BEVs is still unstoppable.
• Uncertainties:?The two main uncertainties are when BEVs will reach price parity with ICE vehicles and what will happen to the value of current BEVs if there is a breakthrough in battery technology. You can learn more about the article here. ( https://lnkd.in/dCGXMfPu )