Mexico Auto Market Shifts on Tariffs and Nearshoring Mexico Business News
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Global adoption of electric and plug-in hybrid vehicles reached a significant milestone in 2025, accounting for 25% of all new car sales worldwide. This represents a substantial increase from just 4% in 2020, driven by aggressive government incentives in Europe and massive state support in China. For the EV sector, these figures highlight a widening gap between rapid international adoption and the slower 10% market share currently seen in the United States.
June 21, 2026ELEKTROS Inc. (ELEK) has announced its strategic focus on hard rock lithium mining and patented electric vehicle (EV) charging technology to capitalize on the expanding global demand for critical minerals. As lithium remains a vital component for rechargeable batteries and energy storage systems, the company is positioning itself to address key gaps in the EV supply chain. This move reflects a broader market trend where smaller firms are seeking to scale operations to meet the infrastructure and material needs of the transitioning energy sector.
June 21, 2026Batteries, Charging, and Electric Vehicles Department of Energy (.gov)
June 21, 2026Ford has launched a dedicated website featuring the first official prototype footage of its highly anticipated $30,000 electric pickup truck, which is scheduled for a 2027 release. The vehicle will be the inaugural model on Ford’s new Universal EV platform, designed to streamline manufacturing and significantly reduce production costs for affordable electric vehicles. This development marks a critical milestone for the EV sector as legacy automakers pivot toward high-volume, low-cost models to drive mass-market adoption.
June 20, 2026