Mobility Update: Trends in EVs, Public Transport, and Regional Development"
Dear readers,
In 2025, China's automobile market is set to witness NEVs surpass traditional fuel vehicles in passenger car sales, continuing the nation’s leadership in global production and sales. Partnerships like Xpeng's collaboration with BP for EV charging networks are expanding infrastructure, while events like the Spring Festival travel rush showcase the country's transportation and economic vitality.
India faces a ban on smart cars containing Chinese and Russian tech, driven by U.S. national security concerns, highlighting geopolitical tensions. Meanwhile, Indonesia is enhancing urban transport through the Buy The Service scheme, despite facing budget cuts and challenges with high sea transportation costs due to limited infrastructure and human resource issues.
Japan’s automotive landscape saw Volkswagen grappling with sales declines amidst growing Chinese competition and reduced EV subsidies. South Korea is investing heavily in EV market recovery, while companies like Hyundai and Kia launch safety initiatives and production upgrades. The ESS market emerges as a growth area for battery firms, offsetting slowing EV demand.
In Taiwan, slowing NEV growth signals industry consolidation, with major players like BYD adjusting targets. Sinosteel Express’s accolades reflect Taiwan’s emphasis on sustainable development. Vietnam sees robust EV market growth, driven by China’s leadership and rising European demand, positioning key regions as global market influencers.
Jürgen Germeys
China
2025年燃油车、新能源汽车谁将是主流？
Caijing | Local Language | News
In 2024, new energy vehicles (NEVs) showed robust growth, outpacing the overall market. By 2025, NEVs are expected to surpass traditional fuel vehicles in passenger car sales, though this may not apply to the broader automobile market, including commercial vehicles. China continues to hold its position as the largest automobile producer and market, with NEVs leading in production and sales for a decade, according to the China Association of Automobile Manufacturers (CAAM). In 2024, China produced 31.282 million automobiles and sold 31.436 million, both representing year-on-year increases. NEVs accounted for 12.888 million units in production and 12.866 million in sales, reflecting substantial growth. Despite domestic demand challenges, initiatives like scrapping and renewal policies have bolstered vehicle consumption and are expected to further support car sales in 2025.
Yicai Global | English | News
Xpeng Motors and BP have agreed to share their electric vehicle charging networks in China, enhancing access for each other's customers. Their collaboration focuses on launching pilot projects in major cities to establish an ultra-fast charging network, improving service reliability for electric vehicle users. This partnership builds on a previous agreement between Xpeng and Volkswagen Group China to open their charging stations to one another. Beyond ultra-fast charging stations, Xpeng and BP Pulse will also explore integrated energy solutions, including solar-storage-charging networks and demand-side electricity responses.
Global Times | English | News
China's annual Spring Festival travel rush, or chunyun, has begun, marking the world's largest human migration with an expected 9 billion trips over the 40-day festivities. This mass travel reflects not only China's transportation capabilities but also its economic vibrancy and consumption potential as the country moves toward 2025. The rush started with the K4159 train departing from Beijing, adorned with traditional ornaments. Railway stations like Beijing West and Chaoyang are bustling with travelers, highlighting the festive spirit. Innovations in big data and artificial intelligence enhance ticket sales and security, improving the passenger experience.
Xinhua | English | News
As of 2024, BMW Group has delivered over 400,000 new energy vehicles (NEVs) in China and sold more than 714,000 BMW and MINI vehicles in the market. Electric vehicle sales rose by 7.7 percent year-on-year, representing 15 percent of total sales. To capitalize on opportunities in China, BMW is launching new models tailored to local consumers.
India
The Economic Times | English | News
The United States has enacted a rule banning the use of Chinese and Russian technology in passenger vehicles sold in the country, citing national security concerns. This measure is part of the Biden administration's strategy to tighten controls on technology from perceived adversaries. Commerce Secretary Gina Raimondo noted that modern vehicles, equipped with advanced technologies, operate like computers on wheels.
Indonesia
Kemenhub: Pengelolaan Biskita Trans Pakuan beralih ke Pemkot Bogor
Antara News | Local Language | News
The management of the Biskita Trans Pakuan service in Bogor City will officially transfer to the Bogor City Government on January 1, 2025. This decision follows a commitment made on June 25, 2024, regarding the transfer of public transportation subsidies from the Bogor City Transportation Agency to the Jabodetabek Transportation Management Agency (BPTJ). Launched in November 2021, the Biskita Trans Pakuan service started as a central government subsidy program to support local public transport. Although preparations for the transfer began in 2023, initial delays arose due to the lack of readiness from the Bogor City Government. However, the city has allocated IDR 10 billion to facilitate the transition, indicating a planned and coordinated approach.
Biaya Operasional Angkutan Laut Tinggi, Infrastruktur dan SDM Perlu Diperbaiki
Bali Post | Local Language | News
The government is urged to tackle the high operational costs of sea transportation in Indonesia, as stakeholders highlight the lack of incentives compared to air transportation. This disparity results in elevated logistics costs, especially critical for remote areas heavily reliant on sea transport, which struggles against rising air travel expenses. Challenges like inadequate infrastructure contribute to inefficiencies in sea operations. Limited dockberths lead to long wait times, while shallow port channels pose risks to ship safety.
Kemenhub: BTS layani 88,18 juta penumpang hingga 2024
Antara News | Local Language | News
The Ministry of Transportation's Directorate General of Land Transportation announced that the Buy The Service (BTS) scheme aims to serve 88.18 million passengers from 2020 to December 31, 2024. Implemented in 11 cities, this initiative seeks to enhance urban transportation by funding services per kilometer executed by local operators. The participating cities for the BTS program in 2024 are Palembang, Medan, Denpasar, Surakarta, Yogyakarta, Makassar, Banyumas, Banjarmasin, Bandung, Surabaya, and Balikpapan
Kemenhub siapkan Rp177,49 miliar untuk angkutan perkotaan di 2025
Antara News | Local Language | News
The Directorate General of Land Transportation of Indonesia's Ministry of Transportation has allocated IDR 177.49 billion for urban transportation under the Buy The Service (BTS) scheme for 2025. This represents a significant decrease from last year's budget of IDR 437.89 billion. The overall budget for the Ministry has been cut by around IDR 7 trillion from 2024 to 2025, reflecting a broader trend across multiple ministries. The budget will support urban transportation in eight cities: Palembang, Surakarta, Makassar, Surabaya, Balikpapan, Banyumas, and two new locations, Manado and Pontianak. Each city will receive funding for specific bus corridors and units, with detailed allocations provided for each area.
Japan
独ＶＷ、24年は販売台数が減少－中国での競争激化やＥＶの低迷影響
Yahoo Finance | Local Language | News
Volkswagen (VW) faced a 2.3% decline in global vehicle sales in 2024, delivering 9.03 million units, primarily due to rising competition in China and weak demand for electric vehicles (EVs). Sales dropped 9.5% in China, the company's largest market, totaling 2.93 million units. The downturn was mirrored in Europe and the U.S., with fully electric vehicle sales also struggling. Increased competition from local Chinese manufacturers and reductions in EV subsidies in Europe further complicated VW's position. CEO Oliver Blume is under pressure to cut costs, navigating tensions with labor unions, which culminated in an agreement to lower production capacity. Despite these challenges, VW aims to achieve annual sales of 4 million units in China by 2030 while acknowledging the intense competition, facing over 120 rivals in the market.
South Korea
Chosun Ilbo | English | News
Tesla's electric vehicle (EV) deliveries fell to 1.79 million units in 2024, a 1.1% decline from 2023, marking its first annual drop in sales since 2011 amid a broader global slowdown in EV demand, termed the "EV chasm." In contrast, Tesla's energy storage systems (ESS) business thrived, achieving 31.4 gigawatt-hours (GWh) in supply, more than doubling from 2023. The ESS market is emerging as a key growth area for battery manufacturers, including South Korea's LG Energy Solution, SK On, and Samsung SDI, along with CATL and Panasonic. With EV battery demand stagnating at 13% year-on-year growth from January to November 2024, a stark contrast to the previous year’s over 40% surge, the ESS sector is bolstered by the global energy transition and AI advancements.
领英推荐
Yonhap | English | News
South Korea's industry ministry will invest 1.5 trillion won (approximately US$1.02 billion) in 2025 to boost electric vehicle (EV) sales, responding to safety concerns and inadequate charging infrastructure. As of late 2024, the country had around 720,000 EVs and hydrogen fuel cell vehicles, with EVs totaling 680,000. However, domestic EV sales dropped 9.7 percent year-on-year to 147,000 in 2024.
Yonhap | English | News
The global electric vehicle (EV) market is poised for significant growth, driven largely by the plug-in hybrid electric vehicle (PHEV) segment. The market for both battery electric vehicles (BEVs) and PHEVs is projected to rise from 17.2 million units in 2024 to 20.7 million units in 2025, with BEV sales increasing by 18.9 percent and PHEV sales soaring by 23.8 percent.
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ZD Net Korea | Local Language | News
Hyundai Motor Company and Kia Motors have launched an 'Electric Vehicle Fire Safety Program' to alleviate customer concerns regarding potential electric vehicle fires. The program allocates up to 10 billion won to support property damage caused by such incidents, covering Hyundai and Kia electric vehicles from the past decade. Compensation includes repair costs, residual value, rental fees, downtime, and restoration costs for victims, with additional housing and car rental support for partially modified Genesis GV60 models.
Joongang Ilbo | English | News
The government is implementing deregulation measures to facilitate business, particularly easing regulatory burdens on Kia's electric vehicle (EV) plant upgrades in Gwangmyeong. The Korea Chamber of Commerce and Industry (KCCI) identified ten regulatory challenges, and eight of their proposed reforms have been accepted. These reforms will reclassify the Kia Autoland Gwangmyeong plant from a development-restricted area to factory land, alleviating financial pressures as the automaker shifts to EV production.
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Hankyung | Local Language | News
The Biden administration has enacted a regulation banning the sale of personal smart cars from China and Russia in the U.S. An executive order was also issued to lease federal land for large-scale artificial intelligence (AI) data centers to enhance AI infrastructure and national security.
Korea Times | English | News
Korea's government will allocate 1.5 trillion won ($1.02 billion) in 2025 to boost electric vehicle (EV) purchases amid declining sales driven by safety concerns and insufficient charging infrastructure. As of late 2024, there were 720,000 electric and hydrogen fuel cell vehicles, with EVs numbering 680,000. Domestic EV sales have declined for two consecutive years, falling by 9.7 percent year-on-year.
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ZD Net Korea | Local Language | News
The Korea Automobile Research Institute (KARRI) has formed a partnership with German firm FEV Group to promote eco-friendly hydrogen mobility technologies. The MOU was signed by KARRI President Na Seung-sik and FEV Vice President Christoph Menne in Aachen, Germany.
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ZD Net Korea | Local Language | News
BYD, ??? 4? ?? ??…??3 3190??·? 4290??·?? 2600??·????7 4490??
ET News | Local Language | News
BYD plans to launch four electric vehicles in Korea this year: the ATTO3, SEAL, DOLPHIN, and Sirion 7. Each model will have basic and higher trims, with ambitious sales targets of 4,020 units for the ATTO3, 2,010 for the SEAL, 1,390 for the DOLPHIN, and 2,580 for the Sirion 7, totaling 10,000 units.
Taiwan
新質生產力快沒力 中國今年電動車成長減半
Liberty Times Net | Local Language | News
HSBC forecasts a sharp decline in China's new energy vehicle (NEV) sales growth to 20% this year, down from a recent surge bolstered by government support. Industry consolidation is expected to rise, particularly impacting BYD, which anticipates its sales growth will taper to about 14%. Last year, NEV sales surged by 42% year-on-year to 10.98 million units, with BYD achieving over 40% growth and surpassing its targets.
中鋼運通獲企業績優與企業永續運輸業金獎
Yahoo News Taiwan | Local Language | News
Sinosteel Express Co., Ltd. has received the 17th Taiwan Sustainability Enterprise Excellence Award and the Corporate Sustainability Reporting Transportation Industry Gold Award in 2024, reflecting its commitment to sustainable development aligned with the United Nations' Sustainable Development Goals (SDGs).
Vietnam
Trung Qu?c ti?p t?c là ??ng l?c chính cho th? tr??ng xe ?i?n toàn c?u
VTV News | Local Language | News
The electric vehicle market surged in 2024, with total sales of pure electric and hybrid vehicles hitting 17 million units, a 25% increase from the previous year.
Doanh s? bán xe ?i?n toàn c?u t?ng 25,6% trong n?m 2024
VTV News | Local Language | News
Global electric vehicle (EV) sales are expected to rise by 25.6% in 2024, fueled by record sales in December. Significant contributions to this surge come from China's growth and stabilization in Europe. China's incentives and emissions targets are boosting sales, positioning the UK to overtake Germany as Europe's largest battery electric vehicle market by 2024, per research firm Rho Motion.