Uzbekistan and Georgia launch digital permits to speed up freight
Uzbekistan and Georgia have launched an electronic permit system for international road freight, replacing paper documents in a move aimed at speed...
Overall car registrations in Europe, the UK, and the European Free Trade Area (EFTA) fell by 2.1% in January, according to data from the European Automobile Manufacturers' Association (ACEA). While fully electric vehicle (EV) sales surged by 37.3%, the sharp decline in sales of petrol and diesel mod
Tesla’s performance exemplified the downturn, with the U.S. electric carmaker’s sales in the region dropping 45.2% compared to January 2024. In contrast, Chinese competitor SAIC Motor, which owns the MG brand, recorded a 36.8% increase in sales.
ACEA data revealed that total car registrations in the EU, Britain, and EFTA hovered just below 1 million units in January—the lowest volume since August. In the EU alone, overall sales declined by 2.6%, even as battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs) saw robust increases of 34% and 18.4%, respectively, although plug-in hybrid (PHEV) sales fell by 8.5%. Notably, electrified vehicles (BEVs, HEVs, and PHEVs) made up 57.2% of passenger car registrations in January, up from 47.4% the previous year.
Among major EU markets, Spain experienced a modest 5.3% increase in sales, whereas France, Italy, and Germany saw declines of 6.2%, 5.8%, and 2.8%, respectively. The UK also recorded a 2.5% drop.
The downturn in traditional combustion engine sales comes at a time when European carmakers are grappling with high production costs and intensified competition from Chinese manufacturers. Industry stakeholders are also bracing for potential U.S. tariffs on imported vehicles, as President Donald Trump has raised tariffs on aluminium and steel and threatened a 25% duty on autos, semiconductors, and other products.
In response to these challenges, the European Commission is set to present auto sector plans on March 5 following discussions with automakers, unions, and interest groups. While some manufacturers have increased the prices of petrol-powered vehicles in an attempt to steer consumers toward EVs, there are concerns that such measures could simply result in fewer overall car purchases. Meanwhile, electric transport advocates warn that any relaxation of CO2 emission targets could undermine long-term investments in EV infrastructure and compromise the bloc’s competitiveness.
As the market continues to adjust to rapid technological and regulatory changes, the coming months will be crucial for European automakers as they navigate shifting consumer preferences and mounting geopolitical pressures.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the ground".
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th of August, covering the latest developments.
Five years after Evergrande's debt crisis rattled global markets, founder Hui Ka Yan has been sentenced to life in prison, marking a dramatic new chapter in the downfall of China's former property giant.
Russian ballistic missile strikes on Ukraine’s capital Kyiv has killed at least sixteen people and injured more than forty others, Ukrainian officials said, with fires reported across the city and Poland activating defensive air operations.
Virgin Trains has moved a step closer to challenging Eurostar’s three-decade dominance of Channel Tunnel passenger rail, potentially giving travellers more choice between the UK and mainland Europe.
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the ground".
Nearly 100 days after dozens of children were abducted from a school in northeastern Nigeria's Borno State, parents have taken to the streets to demand urgent government action to bring them home.
China and Indonesia have agreed to strengthen military ties and deepen cooperation in minerals, energy and technology as Jakarta balances relations with Beijing and Washington amid economic and geopolitical tensions.
An international conference in Baku on 21 August is putting Belgium’s colonial record in Africa under renewed scrutiny. Officials, United Nations experts, researchers and human rights advocates are gathering to discuss whether the country has done enough to address the legacy of its rule.
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