BMW iX3 crowned World Car of the Year 2026 as EVs lead the way
The BMW iX3 has been named World Car of the Year 2026, with the announcement made at the New York International Auto Show on 1 April.
- Industry News
- 2 April 2026
Spain will channel an impressive R27.6 billion into its electric vehicle (EV) sector next year, as part of a bold initiative to ensure that 95% of vehicles produced in the country are electric by 2035, Prime Minister Pedro Sánchez confirmed recently.
Current figures highlight the scale of the challenge: during the first ten months of 2025, only 10% of vehicles manufactured in Spain were fully electric or plug-in hybrids, while self-charging hybrids accounted for 26.7%. By comparison, across the European Union, around 20% of vehicles sold last year fell into the fully electric or plug-in hybrid category.
The Spanish government’s plan includes R8.5 billion in direct subsidies for consumers purchasing EVs in 2026, alongside R12.3 billion through an EU-backed programme to stimulate industrial investment. A further R6.4 billion will be allocated to expanding charging infrastructure along roads that remain underserved.
This decisive move comes as Chinese EV giants such as BYD gain ground in Europe, undercutting local manufacturers and exploiting Spain’s lack of a dominant domestic car brand. Sánchez stressed that the strategy is designed to protect jobs during the transition to EV production and to maintain Spain’s status as Europe’s second-largest car producer.
Foreign investment is already reshaping Spain’s battery industry, with projects like Chinese firm CATL’s R85 billion plant in partnership with Stellantis creating thousands of jobs. However, Sánchez cautioned that without robust domestic support, Spain risks losing technological expertise and market share.
Under the roadmap, Spain aims for 100% electrified vehicle sales by 2035, signalling a transformative shift towards sustainable transport.
While rising fuel prices often trigger spikes in interest around electric vehicles, Volvo Car South Africa believes the real reasons South Africans are starting to consider EVs go far beyond the petrol pump.
MG has opened a new engineering centre in Frankfurt as part of its “in Europe, for Europe” approach. The facility will focus on developing vehicles suited to European conditions, including climate, roads and driving habits. It will work alongside existing teams in the United Kingdom (UK) and London design hub.
Europe’s used electric vehicle (EV) market is experiencing a notable surge as the Iran conflict drives up global oil prices and pushes petrol costs sharply higher across the continent.