Sales of new vehicles in the United States rose about 2% in 2025, defying a year marked by regulatory uncertainty, supply-chain disruptions, and shifting electric-vehicle incentives. Automakers sold 16.2 million cars and trucks last year, a 2.4% increase from 2024, according to research firm Omdia. Several companies reported strong December results. Toyota Motor posted an …
The Federal Government expects to generate about ₦150 billion annually from its proposed End-of-Life Vehicle (ELV) policy once it becomes operational. Director-General of the National Automotive Design and Development Council (NADDC), Mr. Joseph Osanipin, disclosed this during a media parley in Abuja. He said the projected revenue would come from vehicle parts recycling and the …
