South Korea to boost EV subsidies in 2026 as automakers brace for U.S. tariff shock
South Korea will significantly increase its electric-vehicle subsidies next year as part of a sweeping support package aimed at shielding its auto industry from the financial strain of steep U.S. tariffs. The government confirmed that EV subsidies will rise by roughly 20 percent in 2026, bringing the total allocation to about 936 billion won (around […]
EU companies warn of shutdown risks as China tightens rare earth controls
European firms are preparing for possible production shutdowns after China moved to tighten controls on rare earth exports, raising fears of fresh supply chain disruptions despite Beijing’s assurances at a recent EU-China summit. Rare earth elements are vital for industries ranging from electric vehicles to wind turbines and defense equipment. China dominates global production, and […]
