Overview

• Toyota reduces 2026 EV production goals by 30%, citing uneven global sales.
• Japan pledges $2.4 billion in subsidies to strengthen its battery supply chain.
• Volvo abandons plans for an all-electric lineup by 2030, opting for a mix of EVs and hybrids.
• South Korea mandates transparency in EV battery manufacturing after safety concerns.
• German automakers struggle with declining demand and increased competition from China.