Monthly Review November 2025

Preface – Economic Climate

The Israeli economy demonstrates notable resilience following the ceasefire agreement and the return of hostages, marking a potential turning point after an extended period of security uncertainty. Economic indicators reflect encouraging trends: low unemployment and moderate inflation signal underlying economic strength, while the cessation of hostilities creates opportunities for increased business confidence and investment. However, the high deficit and rising debt-to-GDP ratio remain critical concerns that require cautious fiscal management. The forecast for growth in 2025 is bolstered by expectations that reduced security disruptions will support business expansion and consumer activity.

The Israeli economy is advanced and participates in the OECD organization. Its current GDP per capita is $59,905, and its growth rate in Q3 of 2025 was 12.4%.

Israel maintains a 4.5% deficit of the GDP from December 2024 to November 2025.

The debt-to-GDP ratio increased to 69% in 2024, and the unemployment rate was 3.1% in November 2025. As of November 2025, the annual inflation growth rate declined to 2.4%. In November 2025, the short-term interest rate remained at 4.25%, while the long-term interest rate stood at 3.96% (November 2025).

Statistical Profile

Society

Population (October 2025): 10.156 Million

Economy

GDP per capita (November 2025): $ 59,905

Inflation (November 2025) (Annual Growth Rate): 2.4% 

Current Account Balance (2024): 3.2% of GDP

Trade in Goods and Services (November 2025): $12.1 billion

Finance

US Dollar Exchange rate (November 2025, Avg.): NIS 3.25

Euro Exchange rate (November 2025, Avg.): NIS 3.76

Long-term interest rates (November 2025): 3.96% Per Annum

Short-term interest rates (November 2025): 4.25% Per Annum

Government

Debt to GDP ratio (2024): 69%

Deficit to GDP (December 2024 - November 2025): 4.5% 

Motorization

Level of Motorization (2024): 421 Vehicles/1,000 Residence

Innovation and Technology

Gross Domestic Spending on R&D (2023): 6.3% of GDP

Environment

CO2 Emissions (2023): 6.7 Tonnes Per Capita

Jobs

Employment Rate (November 2025): 63.1% of the Working-Age Population

Official Unemployment Rate (November 2025): 3.1% of the Labour Force

New Cars and CV Registrations

 New Passenger Car Registration: January-November 2025

Passenger car registration: an increase of 22.6% compared with November 2024.

In November 2025, the Israeli passenger car market registered 22,183 new cars – an increase of 22.6% compared with November 2024. Since the beginning of the year, 283,587 new cars were registered, an increase of 9.5% in deliveries compared with last year. Since January 87,204 new cars with electric propulsion (BEV+PHEV) were registered. The market share of pure EVs currently stands at 19.5%.  

New Passenger Cars Registration According to Brands: January-November 2025

New CV above 3.5-ton Registration: January-November 2025

Commercial Vehicles above 3.5 tons registration: 20.7% increase compared with November 2024.

In November 2025, the Israeli market for CVs above 3.5 tons registered an increase of 20.7% in deliveries, with 914 new registrations, compared with 757 units in November 2024. Since January, 12,533 CVs and Buses have been registered, an increase of 2.3% compared with Jan-Nov last year.

New CV above 3.5-ton Registration According to Brands: January-November 2025

New Bus Registration According to Brands: Jan-November 2025

Israel's Auto and Auto-Tech industry

Apollo Power and ARKO Corp. Enter Strategic Partnership in the US to Deploy Solar Systems Across ARKO’s Network Sites

Apollo Power signs a non-binding Memorandum of Understanding (MOU) with GPM Investments, LLC (GPM), a US-based company wholly owned by ARKO Corp. (Nasdaq: ARKO), one of the largest operators and distributors in the gas station and convenience store sector in the US, and a Fortune 500 company. The parties expect to finalize binding agreements within 60 days. During this period, Apollo has been granted exclusivity for developing solar projects at designated sites. Under the agreements, GPM will evaluate the deployment of Apollo Power’s flexible solar energy solutions for 300 sites across the US. This large-scale project marks a significant entry for Apollo Power into the vast US gas station market, in collaboration with a major player with extensive reach. The ARKO network operates or distributes fuel to more than 3,500 gas stations and convenience stores, and fleet fueling locations, with strong geographic coverage in more than 30 US states. The project has an estimated cumulative value of approximately $53 million, expected to span roughly a few years.

Drive TLV, Next Geat Ventures, and EIT Urban Mobility Launch Strategic Innovation Bridge Connecting Israel and Europe

EIT Urban Mobility. An initiative of the European Institute of Innovation and Technology (EIT), a body of the EU, has appointed Drive TLV and Next Gear Ventures as its startup ecosystem agents. This strategic partnership aims to deepen EIT Urban Mobility’s support for early-stage mobility startups, enhance investment opportunities, and create synergies by connecting Israeli startups, investors, corporates, and public sector stakeholders to advance the sustainable mobility landscape in Israel. The initiative falls under the Horizon 2020 framework, the EU’s flagship research and innovation program. With this agreement, Drive TLV and Next Gear Ventures join a distinguished network of European ecosystem leaders.

Daimler Truck and Torc Robotics Select Innoviz Technologies as LiDAR Partner for Series Production of Level 4 Autonomous Trucks

Innoviz Technologies Ltd. (NASDAQ: INVZ), a leading Tier-1 direct supplier of high-performance, automotive-grade LiDAR sensor platforms and complementary software stack, announced that Daimler Truck, one of the world's leading commercial vehicle manufacturers, and Torc Robotics, a subsidiary of Daimler Truck, have selected Innoviz as its Short-Range LiDAR supplier for series production of SAE Level 4 autonomous Class 8 semi-trucks. This announcement follows Innoviz's previous disclosure that a major commercial vehicle OEM had selected the Company for future series production of Level 4 autonomous trucks, now revealed to be Daimler Truck. Innoviz will supply its InnovizTwo Short-Range LiDAR sensors to support Daimler Truck and Torc Robotics' autonomous commercial vehicle program. As part of a joint development effort, the companies will collaborate to advance the sensors for commercial trucking applications.

Daimler Truck and Torc Robotics plan to integrate Innoviz's LiDAR technology into the autonomous Freightliner Cascadia in combination with Torc's virtual driver as one of several key components enabling Level 4 autonomous trucking. The partnership positions Innoviz's technology as a critical component in Daimler Truck's strategy to bring autonomous trucks to market, with deployment planned across highway and regional routes in North America to help fleet operators improve operational efficiency and enhance road safety. The selection strengthens Innoviz's position as a leading LiDAR supplier in the automotive industry and demonstrates Innoviz's ability to serve as a trusted sensing technology partner for commercial vehicles and trucking fleets. Innoviz's LiDAR sensors deliver outstanding resolution, range, and the reliability required for advanced driver assistance systems and autonomous vehicle applications.

Foresight: Eye-Net Together with Renault Group and Orange Enter Large-Scale Live Public Transportation Safety Trial in France

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in 3D perception systems, announced that its wholly-owned subsidiary, Eye-Net Mobile Ltd., together with Renault Group, Orange S.A., and other participants, launched the smart mobility “Collision Prevention” project in Bordeaux, France. The initiative is part of EyeNet’s ongoing collaboration with Software République to advance smart mobility innovation and support efficient urban transportation in France. The live trial follows the successful completion of the project’s previous phase, which achieved a 99% detection rate in real-world urban interactions, as reported by the Company on July 9, 2025. 

This current phase represents a key step toward commercial deployment of Eye-Net’s technology by testing large-scale integration of its vehicle-to-everything (V2X) collision prevention technology in public transportation environments. Led by the Lab TBMouv, Bordeaux Métropole, and Keolis Bordeaux Métropole Mobilités, the live trial will use Orange’s mobile app platform and Eye-Net’s collision alert system, in collaboration with Renault Group, Allianz, Atos SE, and the Bordeaux INP and HexaDone. The trial will take place across Bordeaux’s public transportation network. Eye-Net’s alerting system will be integrated into a beta version of the TBM Mobility App, a public transit navigation platform, enabling real-time data exchange between buses and cyclists to help prevent collisions with vulnerable road users, particularly in areas with obstructed visibility. The trial will evaluate the performance and reliability of cooperative collision-prevention alerts, collect feedback from real users, and assess technical readiness and user acceptance to support broader deployment across transportation networks.

StoreDot’s XFC Validated by Seven Global OEMs, Establishing a Leading Western Alternative to Chinese Battery Dominance

StoreDot, a pioneer of silicon-dominant Extreme Fast Charging (XFC) battery technology, announced a landmark achievement: its XFC battery cells have been successfully validated by seven leading global electric vehicle OEMs. This extensive testing provides a crucial strategic advantage to global automakers. As the EV market becomes increasingly competitive, particularly in the fast-charging sector dominated by Chinese-owned technology, StoreDot emerges as the leading mature, viable Western alternative. The validation from seven major OEMs confirms that StoreDot's technology meets the performance and reliability standards required for integration into future EV models, offering a clear path for Western and global automakers to de-risk their supply chains.

This milestone was powerfully demonstrated in the world's first public fast-charging test of silicon-dominant battery cells in a driveable vehicle prototype. In this demonstration, a Polestar 5 verification prototype - a driveable demonstrator vehicle, not yet in mass production - was equipped with StoreDot's XFC technology and charged from 10% to 80% in just 10 minutes. This test, which showed a consistent charging rate peaking at over 370 kW, is the definitive proof that StoreDot's technology has successfully moved from the lab to a real-world vehicle. It confirms the technology's maturity and its readiness for mass production integration.

The Net Zero Innovation Hub for Data Centers and Phinergy Sign Strategic Collaboration to Validate Clean Aluminum-Air Generator (AAG) for Energy Resilience in Large-Scale Data Centers

The Net Zero Innovation Hub for Data Centers - a global consortium of leading data center stakeholders, including Danfoss, Data4, Google, Microsoft, Vertiv, and Schneider Electric - has entered into a strategic collaboration with Phinergy to validate its clean Aluminum-Air Generator (AAG) in a commercial configuration. The goal is to demonstrate its suitability for integration into large-scale data center infrastructure, paving the way for global commercial deployment. This initiative is part of the Hub’s broader mission to accelerate the transition of data centers toward net-zero operations. Supported by global hyperscalers such as Google and Microsoft, the project aims to fast-track the deployment of aluminum-air clean energy tailored to the unique needs of Cloud and AI-driven data centers.

Phinergy’s AAG offers a unique combination of distributed, zero-emission, and on-demand electricity generation, making it an ideal candidate for enhancing both grid resilience and backup reliability. The technology generates clean electricity from aluminum - a fully recyclable energy vector - leveraging existing global supply chains without material loss.

As part of the collaboration, Hub members—who represent major potential end-users of the technology—will allocate a validation site and dedicate teams and resources to the project. Their active involvement will ensure that testing and validation are tailored to current and future data center requirements, maximizing product-market fit and deployment readiness. The collaboration project will be hosted at the site of one of the Hub’s global members for the benefit of the Hub’s member community. Phinergy will install a system of approximately 500 kW, with an energy capacity of approximately 10 MWh.

Imagry and Carguru to Launch Autonomous Mobility Public Transit Roboshuttles in Europe

Imagry, a provider of real-time artificial intelligence that drives machines in the physical world, today announced a strategic partnership with Carguru, Latvia’s pioneering car-sharing service. Together, the companies will integrate Imagry’s field-proven AI-based autonomous-driving technology into passenger vehicles to create roboshuttles that will address the growing demand for safe, reliable, and sustainable public transportation solutions in Europe. This initiative addresses four distinct strategic goals: Road Safety, Reduce accidents caused by human error by up to 90%, Improved Public Transport, Overcome the lack of bus drivers and lower the cost while increasing the quality of service to encourage more people to use public transport instead of private vehicles, Sustainability, Lower CO₂ emissions and congestion through EV-based shared mobility, and Economic Growth, attract investment, create high-tech jobs, and establish Latvia amongst the leaders in European mobility innovation.

The first implementation will be based on an electric-powered vehicle with capacity for up to three passengers. The route covers 9.8 kilometers on public roads with mixed traffic and will transport passengers between the Riga Airport and the Freedom Monument. With Imagry’s award-winning, AI-based perception, motion planning, and vehicle control software, the vehicles will support HD-mapless, location-independent driverless operation that is rapidly deployable and easily scalable. In the final implementation stage, scheduled for 2027, the Carguru roboshuttle capabilities will be expanded to support bookable paid rides to any destination via a dedicated app.