Daily EV news · Global · 10 October 2026
EV Charging
Honda and Taisei Group develop wireless charging system for EVs in motion
Honda is partnering with Taisei Group to develop a Wireless Power Transfer (WPT) system that charges electric vehicles while driving, using equipment embedded beneath road surfaces. The technology involves a high power density receiver transmitter unit installed under the vehicle that communicates with energy transfer equipment embedded in the road, which draws power from nearby electrical boxes. Similar concepts have been explored by Stellantis in 2021, an Israeli startup in 2023, and Hyundai, though Honda aims to reduce charging needs rather than accelerate stationary charging speeds.
Why it matters
Dynamic wireless charging infrastructure represents a potential new procurement category for road operators and municipalities, requiring coordination between automotive manufacturers, construction firms and grid operators. If commercialised, the technology could reshape charging infrastructure investment priorities and create opportunities for civil engineering contractors to integrate power transfer systems into road construction projects.
Electric Vehicles
BYD to sell Racco mini EV in Sri Lanka and Macau after Japan launch
BYD announced at a dealership event in Kanagawa Prefecture that its Racco compact hatchback will expand to Sri Lanka and Macau, following its 2026 Japan launch. The model, priced from approximately 19,000 Australian dollars in Japan, offers a 22 kWh battery with 210 km WLTC range in base form and a 35.8 kWh variant with 320 km range, both with AC and DC charging. Currently available only in right hand drive, the 3.4 metre city car undercuts Japanese rivals in its home market.
Why it matters
The sub 20,000 Australian dollar price point and dual charging capability signal BYD's push into affordable urban EV segments, potentially driving demand for lower cost AC and DC charging infrastructure in new right hand drive markets. Expansion beyond Japan tests whether compact, budget EVs can scale charging network requirements in emerging Asia Pacific regions.
Tesla cuts in-stock Model 3 prices by $2,750 in Australia, adds $2,000 trade-in bonus
Tesla is offering up to $2,750 off drive-away prices for in-stock Model 3 vehicles in ACT, Tasmania and Victoria, following a similar $3,000 discount on the Model Y. Customers can stack a $2,000 trade-in bonus, valid until end of 2026. Tesla has sold 41,705 EVs in Australia in the first nine months of the year, with 5,775 being Model 3s.
Why it matters
Price cuts on the best-selling EV in Australia signal intensifying competition in the passenger EV market, which may influence fleet procurement decisions and residual value calculations for charge point operators targeting workplace and destination charging.
Grid & Energy
Wound Type Current Transformer Market Forecast to 2035 Highlights EV Charging Infrastructure as Key Growth Driver
IndexBox's latest global market report identifies wound type current transformers as entering a decade of structurally higher demand through 2035, driven by electricity system digitalization, decarbonization and decentralization. Growth will be anchored in utility smart meter rollouts, renewable energy integration, EV charging infrastructure and industrial automation. The market is bifurcating between standardized catalog parts for high volume OEMs and customized, application engineered solutions for critical infrastructure.
Why it matters
For CPOs and charging network developers, the report signals that precision current measurement components essential for revenue grade metering and power quality monitoring in EV charging stations will see sustained supply and innovation through 2035. The bifurcation between standardized and custom solutions suggests procurement teams should assess whether catalog parts meet accuracy requirements or if critical sites warrant engineered transformer specifications.