In China, the world’s largest EV market, various Chinese carmakers, including BYD, are offering an improved line-up of hybrids, particularly plug-in hybrid electric vehicles.
China, the UK and the US are leading the global EV race, but a rollback of the EV subsidies provided under the Biden regime is unlikely to play out in the favour of the US.
Throughout his election campaign, Trump promised declaration of an ‘energy emergency', aimed at opening up more areas to oil & gas exploration. He is also opposed to EV subsidies.
First 3 months of 2025 will see many car launches, particularly from carmakers who lost their way in the Indian market & are now taking their last, vital shot at relevance.
Mineral security is no longer just an economic concern but a national security imperative, underpinning the country’s ambitions in clean energy, defence self-reliance, and advanced manufacturing.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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