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In the automotive world, several significant developments have taken place this week. Honda has announced a recall of 259,033 vehicles in the US due to a faulty brake pedal, while Renault Group is searching for a new CEO to replace Luca de Meo, who is set to depart on July 15, 2025.
In the Renault succession race, contenders include Maxime Picat, chief purchasing and supplier quality officer at Stellantis, and Dacia's CEO, Denis Le Vot. As of now, no clear frontrunner has been announced.
Meanwhile, Norway continues to lead the way in electric vehicle (EV) adoption. Residents in apartment buildings can request the installation of a personal EV charging point, and major roads have charging stations available every 50km. EV Volumes predicts that BEVs will take complete control of Norway's new-car market by 2027.
Norway's EV market outperformed other European countries in 2024, with plug-ins taking a 91.7% share of the country's market. Battery-electric vehicles (BEVs) made up 96.3% of plug-in registrations from January to April 2025, and BEV deliveries improved by 32.2% year on year during the same period.
Notably, new parking lots in Norway must dedicate at least 6% of spaces to EVs, and the country offers tax incentives to further boost EV adoption.
Elsewhere, BMW is considering offering extended-range electric vehicles, while Audi has announced it will not phase out the production of cars with internal-combustion engines by 2033.
In other news, Ferrari has delayed plans for its second battery-electric vehicle, which was due in 2026, and it can now be expected in 2028. Ford has halted deliveries of its Mustang Mach-e due to a door latch defect, affecting 316,000 units globally from model years 2021 to 2025.
In Brazil, the arrival of BYD's vehicles has caused concern among industry officials and labor leaders. BYD's world's largest car-carrying ship, BYD Shenzhen, arrived in Brazil at the end of May 2025, with the company delivering around 22,000 vehicles in the country so far this year. They are calling for the acceleration of a plan to raise Brazil's EV import tariffs to 35% to protect local carmakers.
Lastly, Sweden and Denmark recorded EV shares of 58.4% and 54.9% respectively in 2024, while the UK had the highest market share among Europe's big five new-car markets at 28.1%. Hildegard Müller, president of the VDA, estimates that German manufacturers incurred additional costs of around €500 million in their export business from Germany to the US in April.
Technology continues to shape the automotive industry, with Norway leveraging technological advancements to lead in electric vehicle adoption, offering tax incentives and mandating EV parking spaces. BMW, meanwhile, is considering the development of extended-range electric vehicles, indicating a shift towards more sustainable technology solutions.
