Dawn Automobile Sees Surge in Car Production and Sales in February 2026, Despite Axle Decline

Battery electric vehicle (BEV) registrations jumped 51% in March across 15 major European markets, as renewed conflict in the Middle East brought renewed attention to oil dependence. According to data from New Automotive and E-Mobility Europe, around 224,000 new electric passenger cars were registered during the month, representing 22% of total sales in the monitored markets.

Vietnam’s Ministry of Finance has proposed extending preferential special consumption tax rates for battery electric vehicles with fewer than 24 seats until the end of 2030, as part of efforts to accelerate the country’s shift away from fossil fuels and support its net-zero emissions target. The ministry said the policy is intended to encourage the adoption of environmentally friendly transport. Currently, electric vehicles are taxed at 1–3%, significantly lower than the 10–150% applied to internal combustion engine vehicles. Under existing plans, EV tax rates are set to rise to 4–11% from March 2027.

In March 2026, China's ternary cathode material exports (NCM and NCA combined) reached 21,900 metric tons, representing a 103% MoM increase and a 163% YoY increase.