Cybersecurity Threats Grow in EV Market: The Week in Automotive

This week, cybersecurity threats rise alongside Mexico’s expanding EV market, while trade agreements and the EV shift impact regional supply chains. AI integration grows, and job loss concerns emerge. Major developments include Tesla’s new robotaxi, BYD’s European expansion, and Trump’s proposed tariffs on Mexican vehicles.

Shift into gear. This is the Week in Automotive!

Cybersecurity Threats Grow as Mexico’s EV Market Expands

With electric vehicle (EV) adoption on the rise, the automotive industry is becoming increasingly vulnerable to cyber threats. One of the latest scams is "quishing," a new form of phishing seen around the world that uses fraudulent QR codes to target EV owners directly. Cybercriminals exploit these codes at public EV charging stations, deceiving customers into disclosing sensitive information like payment details and personal data. This emerging threat poses significant risks to the growing number of EV customers, highlighting the urgent need for strengthened cybersecurity measures in both public charging infrastructure and automotive services.

Mexico City Reintroduces Permanent Driver’s License

The Mexico City government has announced the reintroduction of the permanent driver’s license, set to launch in November 2024. This initiative, led by head of government Clara Brugada, marks a significant change from the current system, which requires licenses to be renewed every three years.

Over 60% of Vehicles Will Feature AI by 2029: Globant

A recent report from Globant predicts that over 60% of vehicles will be powered by Artificial Intelligence by 2029. The findings, part of the company’s Move Your But! study for the automotive sector, highlight a dramatic transformation driven by AI, which is expected to revolutionize vehicle manufacturing, maintenance, and data management.

BYD Opposes EU Tariffs, Plans Major Expansion in Europe

Chinese electric vehicle manufacturer BYD has voiced strong opposition to the European Union's proposed tariffs on vehicles produced in China, while announcing plans to significantly expand its local manufacturing presence in Europe.

Trump Proposes 200% Tariffs on Mexican Vehicle Imports

Donald Trump has proposed imposing tariffs of over 200% on vehicles imported from Mexico. His plan, outlined during a Fox News interview, aims to protect US auto manufacturers by preventing Mexican-made vehicles from being sold in the United States.

Stellantis CEO Carlos Tavares to Retire in 2026

Stellantis has announced that CEO Carlos Tavares will retire in early 2026. The company indicated that this transition is part of a broader strategy to streamline operations in an increasingly complex global environment.

Tesla Unveils Cybercab Robotaxi, Plans Mass Production by 2026

Tesla CEO Elon Musk unveiled the long-anticipated "Cybercab" robotaxi at an event held at Warner Bros Studios in Los Angeles. The vehicle, which lacks a steering wheel and pedals, is expected to be priced under US$30,000 and enter mass production by 2026. Musk also surprised the audience by introducing an autonomous robovan, capable of carrying up to 20 passengers. The event, dubbed "We, Robot," highlighted Tesla’s shift toward robotic vehicles, moving away from traditional, mass-market electric cars.

EV Shift, USMCA Impact Regional Supply Chain Dynamics

The transition to electric vehicles (EVs) and the impact of trade agreements like USMCA are pressing issues impacting the region’s supply chain dynamics, said Alexander Firsching, President, Robert Bosch México, and Óscar Domínguez, President for Mexico and Central America, Lear. 

Mexico City to Use AI Traffic Signals to Ease Congestion

The Mexico City government plans to modernize its traffic management system with the introduction of intelligent traffic signals. "We will modernize the traffic signal network with technology and artificial intelligence to streamline vehicular flow, reduce air pollution, and save citizens time”, said Mayor Clara Brugada.

INA President Showcases Auto Industry's Achievements at CIIAM

Mexico's automotive sector has solidified its position as a cornerstone of the national economy and a key player on the global stage. At the recent 22nd International Congress of the Automotive Industry in Mexico (CIIAM), INA’s president showcased the industry’s historical achievements and underscored its vital role in fueling the country’s economic advancement.

Toyota Chair Warns EV Shift Could Lead to Major Job Losses

Toyota’s chairman, Akio Toyoda, has voiced concerns that the automotive industry's transition to electric vehicles (EVs) may result in significant job losses, particularly in engine-related sectors. This comes as Toyota continues to adopt a cautious approach to electrification, in contrast to other manufacturers rapidly moving toward fully battery-powered lineups.