Jaguar Land Rover (JLR) announced plans to increase hybrid car production and focus on growth in the US, delaying its full transition to electric vehicles. The company aims to double its US business by selling 250,000 more luxury cars to wealthy Americans, while also investing £18bn between 2024-2029.
Gyeonggi Province will require mandatory purchase of local development bonds for non-commercial hybrid vehicles over 1600cc starting next month, following the end of tax reduction policies and similar mandates in other provinces.
A new study reveals that while hybrid cars offer modest annual savings compared to gasoline cars, the cumulative savings over 5 years can be substantial. Mid-size sedans show the most significant savings, potentially reducing costs by $2385 over five years.
UK insurers are showing reluctance to cover Chinese hybrid and electric vehicles, leading to higher costs and limited options for drivers. Insurers cite a lack of repair data, parts supply chains, and claims history as reasons for caution.
SEOUL, May 4 (Yonhap) -- Sales of Hyundai Motor Co. and Kia Corp. vehicles in th...
Hybrid cars are expected to reach 10% of total car sales in India by FY 2027, outselling EVs at 5%, as cost-conscious consumers shift from diesel to hybrids. Sales of hybrids surged nearly fourfold to 362,866 units in FY 2026, while EVs totaled 131,865 units. Japanese automakers Toyota and Maruti Suzuki dominate the hybrid market, with Tesla and BYD selling fewer than 7,400 combined since 2025 amid high import duties.
Chinese vehicle exports are surging, with new energy vehicle shipments more than doubling to 954,000 units. This international growth is offsetting weak domestic demand and improving profit margins for manufacturers.
