The global 2 & 3-wheeler market is expected to move back into growth in coming years with the Indian market showing the fastest growth of any region. This trend aligns with the recent surge in the country’s IPO market, and reflects trends previously seen in the China market. The 2 & 3-wheeler market after shrinking […]
> Benchmark Mineral Intelligence, specialising in EV supply chain research and insights, reports that 1.9 million electric vehicles were sold globally in October 2025. Rho Motion Data Manager, Charles Lester, commented: “Global EV sales reach 1.9 million units in October 2025, marking a 23% increase year-to-date. Europe led regional growth with a 36% year-on-year increase, driven […]
> China has postponed the implementation of its expanded rare earth export controls announced in early October following high-level US-China trade negotiations in South Korea this week. It marks a temporary easing in what had become an escalating front in the tit-for-tat US–China trade confrontation. The announcement follows extensive economic and trade consultations in Kuala Lumpur, […]
> As the battery landscape in India continually evolves, the government is looking to support domestic production reducing the country’s dependence on imports. The Indian government has passed its Finance Bill marking the final stage of implementing the Union Budget 2025. Notably the Finance Bill includes a clause that ends the import duty for goods and […]
> Benchmark has tracked over $50 billion of energy transition funding, throughout 2025 in its Energy Transition Capital database, with the largest share allocated to the battery supply chain. The role of debt, grants, and equity Debt The EV, battery, and battery materials markets have matured rapidly over the past few years. As a result, debt is playing an increasingly […]
> China’s Ministry of Industry and Information Technology (MIIT) has unveiled stricter listing requirements for new energy vehicles (NEVs), set to take effect from 2026. Vehicles must meet these revised specifications to qualify for inclusion on the official MIIT listing, a prerequisite for receiving favourable tax treatment. How will the new PHEV rules affect the market? From […]
> India has exempted 25 critical minerals including key battery metals from import duties to support the country’s electric vehicle (EV) sector, but more needs to be done on its upstream and midstream front to lift its domestic EV battery supply chain. Finance minister Nirmala Sitharaman exempted custom duties on lithium, nickel, cobalt, copper and other […]
> After an almost two-year hiatus, the German government plans to revive subsidies for electric vehicles (EVs) in January 2026, aligning with many other European nations in subsidising EVs. The package, expected to total around EUR3 billion (~$3.3 billion), will be funded through the federal Climate & Transformation Fund and the EU’s Social Climate Fund. How will the support […]
> Cobalt prices jumped 10%–20% on the first trading day after China’s Golden Week holiday last week, amid deepening concerns over stock availability following the implementation of the Democratic Republic of the Congo’s (DRC) new export quotas. Market participants reported to Benchmark last week that cobalt sulphate was trading at RMB 65,000–75,000/t ($9,170–10,580/t), up from RMB 60,000–62,000/t before the break. […]