Thursday, February 12, 2026 at 7:47 AM
Sales of electric vehicles and hybrid cars in China fell for the first time in almost two years, with a 20% decline in January 2026, highlighting slowing demand in the EV market.
China’s consumer inflation softened at the start of 2026 after hitting a near three-year high in December, weighed down by falling food prices.
Companies are taking big losses and making moves to reduce electric-vehicle capacity amid regulatory changes and cooling demand.
The Japanese carmaker reported sharply weaker nine-month results, dented by U.S. tariffs and EV-related impairments.
Canada is ditching its electric-vehicle sales mandate and replacing it with more stringent tailpipe-emissions standards for automobiles that officials project will spur carbon reduction equal to 75% of EV sales by 2035.
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