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Almost one in three new cars registered in the UK last month were fully electric. Automakers are reducing prices of plug-in models to avoid fines. EV sales have increased by about 60% in December compared to last year. Companies are finding it challenging to meet the 22% annual target under the UK's EV sales mandate.
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President-elect Donald Trump's threat to end EV tax credits spurred late-year electric vehicle sales, boosting an otherwise slow year for U.S. automakers. GM and Ford posted significant gains, contributing to a record 1.3 million EVs sold in 2024. However, this surge is unlikely to continue into 2025 due to potential policy changes.
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US employers slowed down hiring in December, wrapping up the year with moderated yet healthy job growth. Economists expect this trend to carry on into 2025. The Federal Reserve may slow interest rate cuts as the economy remains durable. The unemployment rate is predicted to hold steady, with slight cooling in hourly earnings growth.
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News and Media
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