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Germany powers ahead in electric car sales growth – sales more than treble during the pandemic; Bahamas sees 133% increase  

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September 28, 2021 – Germany has seen the world’s fastest growth in electric car sales of all major economies[1]  during the pandemic, with sales more than trebling to 194,000 cars in 2020, up from just 63,000 in 2019, shows a study of electric car sales worldwide by UHY, the international accountancy network.

The 207% growth in electric car sales in Germany last year puts it first out of 27 countries[2] in UHY’s study. This was marginally ahead of Italy, which saw a rise of 204%, from 11,000 units sold in 2019 to 32,000 in 2020. The UK was in third place, with a sales increase of 186% in 2020, and The Bahamas showed a 133% increase. The average sales growth of EVs globally in 2020 was 36%.

Worldwide growth in sales of electric cars has outpaced global car sales (including petrol and diesel), which fell by approximately 15% to 64 million in 2020, down from 75 million in 2019.[3]

Less than a fifth (19%) of countries in UHY’s study saw sales of electric cars fall during the first year of lockdown.

UHY says that Germany has begun a program of heavy investment in electric vehicle charging infrastructure in order to achieve its target of having 10 million electric vehicles and one million charging stations on German roads by 2030. The country also has generous tax breaks and incentives for purchases of electric cars and charging points. New electric cars priced at less than 40,000 EUR benefit from a government rebate of 9,000 EUR, while the state-owned Development Bank offers a 900 EUR grant to install a private electric car charging point. In The Bahamas, the Bahamas Development Bank offers finance for commercial vehicles on favorable terms as attractive as no money down.

UHY Wahlen & Partner says that several new and updated mass-market electric vehicles were launched in the last year, including the Volkswagen ID.3 and e-Up! has triggered a new wave of sales in Germany. Battery electric cars made up 10% of all new cars sold in Germany in 2020, with fossil fuel-powered cars falling to a 78% share of new car sales.

Dennis Petri, Chair of UHY, comments: “The electric car revolution has picked up a lot of speed worldwide in the past year, despite the effects of the pandemic. Germany is a country with a long history of automotive innovation, and it looks like it will again be part of the vanguard in making electric cars a part of everyday life.”

“Many governments around the world have helped to drive the electric vehicle transition through providing subsidies for consumers who purchase EVs. Along with investing in the public charging infrastructure necessary to support electric cars, this is the biggest step governments can take to accelerate a large-scale switch to EVs.”

Thomas Wahlen, Managing Partner at UHY Wahlen & Partner, comments: “Manufacturers and the Government in Germany have both invested a great deal in accelerating the German transition to electric vehicles, and they will be hoping this growth rate continues for several more years.” John Bain, the Managing Partner at UHY Bain & Associates, added: “EVs have shown a significant year over year sales growth in The Bahamas. We support a further investment by the government of gradually changing its fleet to EVs that will lead to long-term savings over the life of the vehicle, as well as a reduction in the carbon footprint.”

Electric car sales growth continues to slow in China

UHY’s study shows that electric car sales growth in China continued to slow in the past year, with 968,000 battery-electric cars sold in 2020, a 16% increase on 836,000 sold in 2019. The growth rates in the previous two years had been 23% and 54%. China’s sales growth in 2020 placed it 21st on the table in UHY’s study.

However, China remains by some distance the largest national market in the world for electric cars, with more sales than the next four largest markets combined. Sales of electric cars in China are heavily incentivized by programs including Beijing’s ‘license lottery,’ which limits the city’s 22 million residents to only 40,000 new petrol cars per year to lower congestion and pollution.

US and Japan both saw electric car sales fell in 2020

UHY’s study also shows that both the US (23rd place, electric car sales down 5% in 2020) and Japan (27th place, electric car sales down 31% in 2020) both saw electric car sales fall in the past year. Less than 2% of new cars sold in the US in 2020 were battery electric vehicles.

Dennis Petri adds: “Electric cars in the US are still generally confined to the east and west coasts – that is thanks to the incentives offered by state governments in places like California, New York, and New Jersey. Car buyers in the rest of the country would benefit from more states following suit.”

Morito Saito, Director at UHY FAS Ltd, UHY’s member firm in Japan, comments: “Japanese car manufacturers still have a relatively limited offering when it comes to battery-electric cars even though they were very early adopters of hybrid technology. While some manufacturers in Europe are already implementing plans to produce only electric vehicles, that has not yet happened in Japan.”

1 Battery electric passenger cars only, excludes hybrids

2 Excluding those registering less than 1,000 electric car sales in 2020

3  Statista – number of cars sold worldwide

UHY Wahlen & Partner says that several new and updated mass-market electric vehicles were launched in the last year, including the Volkswagen ID.3 and e-Up! has triggered a new wave of sales in Germany. Battery electric cars made up 10% of all new cars sold in Germany in 2020, with fossil fuel-powered cars falling to a 78% share of new car sales.

Dennis Petri, Chair of UHY, comments: “The electric car revolution has picked up a lot of speed worldwide in the past year, despite the effects of the pandemic. Germany is a country with a long history of automotive innovation, and it looks like it will again be part of the vanguard in making electric cars a part of everyday life.”

“Many governments around the world have helped to drive the electric vehicle transition through providing subsidies for consumers who purchase EVs. Along with investing in the public charging infrastructure necessary to support electric cars, this is the biggest step governments can take to accelerate a large-scale switch to EVs.”

Thomas Wahlen, Managing Partner at UHY Wahlen & Partner, comments: “Manufacturers and the Government in Germany have both invested a great deal in accelerating the German transition to electric vehicles, and they will be hoping this growth rate continues for several more years.” John Bain, the Managing Partner at UHY Bain & Associates, added: “EVs have shown a significant year over year sales growth in The Bahamas. We support a further investment by the government of gradually changing its fleet to EVs that will lead to long-term savings over the life of the vehicle, as well as a reduction in the carbon footprint.”

Electric car sales growth continues to slow in China

UHY’s study shows that electric car sales growth in China continued to slow in the past year, with 968,000 battery-electric cars sold in 2020, a 16% increase on 836,000 sold in 2019. The growth rates in the previous two years had been 23% and 54%. China’s sales growth in 2020 placed it 21st on the table in UHY’s study.

However, China remains by some distance the largest national market in the world for electric cars, with more sales than the next four largest markets combined. Sales of electric cars in China are heavily incentivized by programs including Beijing’s ‘license lottery,’ which limits the city’s 22 million residents to only 40,000 new petrol cars per year to lower congestion and pollution.

US and Japan both saw electric car sales fell in 2020

UHY’s study also shows that both the US (23rd place, electric car sales down 5% in 2020) and Japan (27th place, electric car sales down 31% in 2020) both saw electric car sales fall in the past year. Less than 2% of new cars sold in the US in 2020 were battery electric vehicles.

Dennis Petri adds: “Electric cars in the US are still generally confined to the east and west coasts – that is thanks to the incentives offered by state governments in places like California, New York, and New Jersey. Car buyers in the rest of the country would benefit from more states following suit.”

Morito Saito, Director at UHY FAS Ltd, UHY’s member firm in Japan, comments: “Japanese car manufacturers still have a relatively limited offering when it comes to battery-electric cars even though they were very early adopters of hybrid technology. While some manufacturers in Europe are already implementing plans to produce only electric vehicles, that has not yet happened in Japan.”

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Walker Confirmed as U.S. Ambassador to The Bahamas: A Partner in America’s Extended Family

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By Deandrea Hamilton | Magnetic Media

 

The United States and The Bahamas share more than proximity — they share a bond of history, trade, and culture that Washington’s newest diplomat calls “part of America’s extended community.”

Now, for the first time in 14 years, the U.S. Embassy in Nassau will again be led by a Senate-confirmed ambassador. Herschel Walker, the Heisman-winning football legend turned entrepreneur, has been confirmed by the U.S. Senate as America’s official envoy to The Bahamas.

Walker, who will oversee one of the Caribbean’s most strategically positioned U.S. missions, told senators during his confirmation hearing that The Bahamas will play a key role in upcoming U.S. 250th Independence celebrations. “The Bahamian people,” he said, “will be included in this milestone year, because our stories are intertwined — through family, trade, and friendship.”

While his nomination was unconventional, his priorities are anything but vague. Walker vowed to counter growing Chinese influence in the Caribbean, calling Beijing’s investments in Bahamian deep-water ports “a direct threat to U.S. national security.” He pledged to work closely with Bahamian authorities to ensure American interests remain the region’s cornerstone.

“There’s a rise in drug smuggling in The Bahamas, and this is a real danger to the United States,” Walker said, referring to the Operation Bahamas, Turks and Caicos (OPBAT) partnership. He promised to strengthen intelligence sharing, joint patrols, and law enforcement coordination to disrupt trafficking routes that have grown increasingly sophisticated.

But Walker also emphasized opportunity over fear — signaling that his ambassadorship will not only focus on security, but on strengthening The Bahamas as a gateway for U.S. investment, trade, and tourism.

“I will advise the American business community of the vast investment opportunities that exist in The Bahamas,” he said. “And I will make sure the Bahamian government maintains an environment where U.S. companies can invest confidently — because America must prove it is still great as an investor.”

For a small island nation sitting less than 50 miles off the coast of Florida, this renewed diplomatic attention carries weight. Since 2011, the post of U.S. ambassador had remained vacant — a gap that many observers say weakened direct ties, delayed joint security initiatives, and allowed other powers to move in.

Walker’s confirmation — approved 51 to 47 — ends that silence. And with it comes the expectation that this former Olympian and business owner will translate his discipline, charisma, and resilience into diplomatic results.

Critics question his lack of foreign policy experience, but Walker counters with confidence: “Throughout my life, people have underestimated me. I’ve always proved them wrong — by outworking everyone.”

As he prepares to take up residence in Nassau, Walker says his mission is simple: rebuild trust, deepen cooperation, and remind both nations that their futures are tied not just by geography — but by shared purpose, mutual respect, and the enduring ties of community.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

 

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PAY STANDOFF: Prime Minister Cancels Talks as Unions Warn of More Protests

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By Deandrea Hamilton | Magnetic Media

Monday, October 13, 2025 — Nassau, The Bahamas – What began as a calm holiday meeting has spiraled into a full-blown standoff between The Bahamas Government and two of the country’s most powerful public sector unions — the Bahamas Union of Teachers (BUT) and the Bahamas Public Services Union (BPSU) — after the Prime Minister abruptly cancelled follow-up talks set for Tuesday, blaming public comments made by union leaders.

The announcement of the cancelled meeting came late Monday, just hours after a tense sit-down at the Office of the Prime Minister, held on National Heroes Day, where both BUT President Belinda Wilson and BPSU President Kimsley Ferguson accused the government of dragging its feet on salary increases and retroactive pay owed to thousands of public officers.

Wilson, never one to mince words, said the Prime Minister’s “technical officers” — the very people responsible for executing his instructions — were failing to carry out his directives regarding payment timelines.

“The Prime Minister’s issue,” Wilson said, “is that he has persons working for him who are not following his instructions. If those officers would follow through on what he told them to do, we wouldn’t be here today.”

Wilson added that the BUT and other unions are demanding retroactive pay dating back to September 2024, and that all increases be applied and paid by the October payday, not December as previously stated by the Prime Minister.

“Senior civil servants already received their retroactive pay — thousands of dollars — backdated to September of last year,” Wilson charged. “We’re saying the small man deserves the same. This isn’t a gift. It’s money already earned.”

Her comments came after the government publicly insisted that the salary adjustments would be implemented by December 2025, just ahead of Christmas — a timeline unions flatly reject as too slow.

Ferguson: ‘No More Excuses’

Following Wilson, BPSU President Kimsley Ferguson delivered a fiery statement of his own, telling reporters the unions would no longer tolerate delays or mixed messages from the Davis administration.

“The Prime Minister was receptive — but we’re not accepting excuses,” Ferguson said. “If the Prime Minister’s having a memory lapse, we have the Hansard from Parliament to remind him exactly what he promised public officers.”

Ferguson went further, warning that if Tuesday’s meeting failed to produce results, unions would “visit the House of Assembly” and intensify their campaign for immediate payment.

“Public servants, ready yourselves,” he declared. “We are prepared to stand together — all across The Bahamas — until our needs are met.”

Now, with the Prime Minister cancelling tomorrow’s talks altogether, that threat appears closer to becoming reality.

Government Bungles Response

Observers say the administration’s handling of the matter has been confused and contradictory, with conflicting statements on payment timelines and poor communication fueling frustration among teachers, nurses, and general public officers.

The government has maintained that the funds are allocated and will be disbursed before year’s end, but unionists insist they’ve heard it all before — and this time they want results, not promises.

The Prime Minister’s decision to cancel the meeting, rather than clarify or de-escalate tensions, has drawn sharp criticism across social media and among rank-and-file civil servants who see the move as punitive and dismissive.

Slowdown and the Threat of Another Mass Protest

Across several ministries, departments, and schools, reports are already surfacing of a go-slow in the public service, as workers express solidarity with the unions’ demands.

Many believe another mass demonstration is imminent, similar to the one staged last week Tuesday when thousands of workers gathered outside the House of Assembly on Bay Street as Parliament reopened after summer recess.

That protest brought parts of downtown Nassau to a standstill as union members sang, marched, and even sat in the street — a powerful show of defiance that now threatens to repeat itself unless the government moves quickly to resolve the impasse.

A Political Flashpoint

What began as a straightforward salary dispute has now evolved into a test of credibility and competence for the Davis administration. With a restless public sector, rising inflation, and unions unified across professions, the government risks not only another protest — but a full-blown industrial crisis heading into the year’s end.

For now, the unions are standing firm: they want retroactive pay from September 2024 and full salary adjustments by this October. Anything less, they warn, could push the country’s workforce from a slowdown into open confrontation.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Nassau Cruise Port Marks Sixth Anniversary with Exciting New Additions for Visitors and The community

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[Nassau, Bahamas, October 8, 2025] Nassau Cruise Port (NCP) proudly celebrates its sixth corporate anniversary by unveiling a series of transformative additions that further enhance the guest and community experience. The anniversary comes at a pivotal moment in the growth of the port, with the opening of a new swimming pool, an expanded marina, and a state-of-the-art ferry terminal that will support transfers to the Royal Beach Club, which is currently under construction on Paradise Island.

Since its $300 million redevelopment, Nassau Cruise Port – the largest transit cruise port in the world – has welcomed millions of visitors and become one of the most vibrant cruise destinations in the world. This anniversary not only reflects its commitment to delivering world-class facilities, but also its dedication to creating meaningful connections between visitors and the Bahamian community.

“This milestone represents much more than the passage of time,” said Mike Maura, Jr., CEO and Director of Nassau Cruise Port. “It reflects our promise to continually elevate the guest experience, contribute to the local economy, and provide opportunities for Bahamians. During our first year (2019) of operating the Nassau Cruise Port, Nassau welcomed approximately. 3.85 million cruise guests, and 2025 will see well over 6 million cruise visitors visit Nassau. Our focus on driving cruise tourism and the $350 million investment in our downtown waterfront is a testament to our vision of making Nassau a premier cruise and leisure destination.”

The new pool offers a refreshing retreat for visitors enjoying Nassau’s waterfront, while the expanded marina will accommodate additional yachts, boosting tourism and local commerce. The ferry terminal expansion enhances passenger flow and supports convenient, seamless transfers to the Royal Beach Club, strengthening Nassau’s position as a hub for Caribbean cruising and leisure.

As part of its anniversary celebrations, NCP will host a series of internal and external activities to celebrate its team and to highlight its ongoing investments in the Bahamian economy, including job creation, local vendor opportunities, and cultural showcases at the port.

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