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Mexico EV sales up 38pc in 2025
Mexico EV sales up 38pc in 2025
Mexico City, 15 January (Argus) — Sales of electric vehicles (EV) and plug-in hybrids (PHEV) in Mexico rose by 38pc to 96,636 units in 2025, although growth showed signs of moderation toward the end of the year, according to EV industry group EMA. The eight automakers reporting to the EMA sold 28,315 EV, PHEV and range-extended electric vehicles in the fourth quarter, up by 15pc from the previous quarter but down 23pc from 36,542 units in the same period of 2024. Within that total, EV sales reached 12,971 units in the fourth quarter, rising by 19pc from the third quarter and up 14pc from a year earlier. Full-year EV sales rose by 39pc to 43,358 units. PHEV sales in the fourth quarter totaled 15,178 units, a 12pc increase from the previous quarter but a sharp 40pc decline from the fourth quarter of 2024. Full-year PHEV sales rose by 38pc to 52,851 last year from 2024. While EV and PHEV sales posted double-digit growth in 2025, this compares with an 84pc increase in 2024. Even so, EMA said adoption continues to advance, with sales by its reporting members accounting for around 6pc of total domestic car sales last year. "We are slowly chipping away and bringing more people to these zero-emission technologies," EMA director Eugenio Grandio told Argus , adding that the figures point to a maturing market. EMA's figures differ sharply from official statistics published by Inegi and industry groups AMIA and AMDA, which reported combined EV and PHEV sales of 34,612 units in 2025, up just 7pc from the previous year. The discrepancy reflects differences in coverage. Inegi tracks only two of the eight automakers included in EMA's data — Volvo and JAC — while EMA also includes Tesla, BYD, Auteco, Changan, Zeekr and Vizeon. Inegi's figures also count two Jeep and Nissan models that "no one in the industry considers true EVs or plug-in hybrids," Grandio said, adding that EMA captures roughly 90pc of EV sales in the market. Production, infrastructure On the production side, automakers assembled 204,711 units of the five EV and hybrid models built in Mexico during 2025, according to Inegi and AMIA data, up 21pc from 2024. Charging infrastructure expanded alongside sales. EMA reported 56,726 charging slots installed nationwide by the end of 2025, a 26pc increase from a year earlier. This included 1,585 public charging centers, 1,664 sites operated by private agencies, 9,178 corporate charging locations and 41,824 residential installations. By James Young Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Mexican auto industry aims high in tough USMCA talks
Mexican auto industry aims high in tough USMCA talks
Mexico City, 15 January (Argus) — Mexico's auto industry wants a return to zero tariffs on vehicle exports to the US and Canada under a pending update of the free trade agreement (USMCA) between the three countries, but there are concerns about the speed of the talks. If negotiations succeed, USMCA would be renewed for another 17 years on 1 July 2026 — six years after its launch — a step that industry sources say is critical to restoring investor confidence and unlocking the full potential of nearshoring in Mexico. Mexico was the largest foreign source of vehicles for the US in 2025, supplying 17pc, or 2.7mn units, of the 16.2mn light vehicles sold in the US, according to automaker association AMIA. Mexico was also the top supplier of auto parts to the US in 2025 and the world's third-largest exporter of light vehicles by value. Industry representatives say that success now hinges on continuity in the treaty, which remains uncertain as disputes between Mexico, the US and Canada persist. Those concerns were outlined by Mexico's main auto groups at an event in Mexico City this week. Negotiations are unfolding under a tense US trade backdrop. In March 2025, US president Donald Trump imposed 25pc blanket tariffs on USMCA partners under a national security provision, measures that Mexican automakers are still seeking to unwind. "There is nothing more important right now than the treaty review and dealing with these tariffs still hanging over us," said Guillermo Rosales, head of auto dealers' association AMDA. "The goal must be to return to zero." A key point of contention is the treaty's regional value content rules, where light vehicles must contain at least 70pc North American content. That is a threshold more than 90pc of Mexican auto exports to the US already meet, but industry groups are pushing for flexibility for firms still on a compliance pathway. Heavy vehicle makers are still working to reach compliance. "We are at 64pc regional content and aiming for 70pc by 2027," said Mexico's association of truck and bus manufacturers Anpact head Rogelio Arzarte, noting that sourcing components not currently produced in North America remains complex. Mexico's industry is also seeking changes to the USMCA's rapid response labor mechanism, arguing it has been applied disproportionately against Mexican facilities. While talks began early, the process is already slipping. The US trade representative has yet to submit a required report to Congress, raising fears the review could drift toward US midterm elections, prolonging uncertainty and delaying investment. "I want to be positive," said AMIA head Rogelio Garza. "But it's not going to be easy for some industries, among which I believe we are included." By James Young Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
India revises EV incentives to focus on performance
India revises EV incentives to focus on performance
Mumbai, 15 January (Argus) — India has revised its policy for the electric vehicle sector as it enters a more mature phase of EV transition and focuses on efficiency and cost control. From 13 January only those EVs that meet performance and efficiency requirements will qualify for incentives. The change marks a shift from volume-driven subsidies toward performance-based incentives. The requirements include a minimum 80km driving range, a top speed of 40 km/h, regenerative braking systems and standardised energy-consumption testing. Under this change, the production-linked incentive (PLI) auto scheme has been aligned with the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM e-drive) scheme. The PM e-drive scheme offers immediate discounts on two- and three-wheel vehicles and provides financial incentives for establishing EV charging stations. The government has allocated 20bn rupees ($237.7mn) to support companies installing fast charging stations for two- and three-wheelers. The PM e-drive scheme runs until March 2028, but subsidies for electric two- and three-wheelers will stop in March 2026. Support for electric buses, trucks, ambulances, along with charging stations and testing centres, will continue through the scheme because encouraging widespread adoption is still difficult and requires significant investment. Strong EV sales in in 2025 supported this shift in policy, with over 2.3mn units sold during the year from around 2.02mn in 2024. Around 8pc of the total number of new vehicles including two-, three- and four-wheelers were registered in 2025, government data show. Sales of electric two- and three-wheelers and buses are rising quickly in major cities, showing rapid growth in public transport electrification. This adoption level has strengthened the government's confidence that the sector can sustain growth even with more demanding quality and efficiency requirements for EV manufacturing. On the manufacturing side, the PLI scheme facilitated the production of 1.39mn EVs, comprising 1.04mn electric two-wheelers, 238,385 electric three-wheelers, 79,540 electric four-wheelers, and 1,391 electric buses as of end 2025. The scheme was approved in September 2021 and will run until March 2028 with a budget of Rs259.38bn. Although some car part manufacturers may face higher expenses due to upgrades required by the new standards, the majority of vehicle producers are expected to gain advantage from the policy change. The industry is also gradually aligning with the government's localisation objectives, progress in domestic value-addition certification shows. The tightening of EV norms reflects growing confidence in India's electric mobility ecosystem and a clear policy intent to prioritise quality, efficiency and self-reliance. The changes are expected to support a more sustainable and resilient EV market aligned with India's long-term goals of achieving 50pc EV penetration by 2030 and net-zero emissions by 2070. By Deepika Singh Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Weather disrupts Australian copper, coal logistics
Weather disrupts Australian copper, coal logistics
Sydney, 15 January (Argus) — Australian coal and copper producers have continued to face weather-related challenges in Queensland, including transport closures in the mineral-rich state. Road and rail disruptions have limited global producer Glencore's ability to supply copper concentrate to its smelter for multiple days. These disruptions are ongoing, a spokesperson told Argus today. Parts of the Mount Isa rail line — which supports Glencore and other metal and fertilizer producers — remain closed because of weeks of rainfall, Australian rail operator Queensland Rail said on 14 January. The operator is meeting regularly with freight operators to support load management, it added. Queensland Rail is unable to confirm a timeline for the resumption of operations at the Mount Isa line, Queensland Rail's head of regional Scott Cornish said. Glencore is also facing disruptions at its Hails Creek and Collinsville mixed thermal and coking coal mines, and its Clermont thermal coal mine. Australian producer Pembroke Resources is also facing weather-related disruptions. The firm declared force majeure on some coal shipments on 15 January because recent weather events have stopped it from mining, according to market sources. Australian coal producers M Resources and Stanmore and Swiss-based AMCI also declared force majeure on Queensland shipments earlier this week because of supply chain disruptions. Some Queensland coal operators have been less impacted by the wet weather. The BHP Mitsubishi Alliance's mines in the state are operating and it has wet weather plans in place, a BHP spokesperson told Argus on 15 January. The Central Queensland Coal Network — which links coal mines in the state to export ports — is also open and operational with some minor isolated restrictions in place, Australian rail operator Aurizon told Argus . Argus ' metallurgical coal premium hard low-volatile fob Australia price has increased over the past week because of the weather events in Queensland. It was last assessed at $232.95/t on 14 January, up from $218.75/t on 7 January. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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