Lucid Group’s Q2 Sales Exceed Expectations, Boosting Stock
Lucid Group (LCID) saw its stock rise in premarket trading on Tuesday following the release of its second-quarter sales report. The electric vehicle manufacturer outperformed market expectations, according to Barron’s. Lucid’s Q2 Performance The EV maker’s quarterly results demonstrated stronger-than-anticipated…
Rivian Repositions Charge Ports to Align with Tesla Superchargers
Rivian, the electric vehicle manufacturer, is making strategic moves to enhance its compatibility with Tesla’s Supercharger network. This development comes as part of a broader industry shift towards adopting Tesla’s North American Charging System (NACS) connector, as reported by Green…
Tesla’s EV Dominance Slips in California as Competition Heats Up
Tesla, the electric vehicle giant, is facing a significant decline in new car registrations in California, according to Business Insider. This downturn marks a potential shift in the EV landscape of the Golden State, long considered a stronghold for Elon…
Massive Protest in Serbia Against Lithium Mine for EV Batteries
Tens of thousands of demonstrators marched through Belgrade, Serbia on Saturday to protest the proposed opening of a major lithium mine. The project, backed by mining giant Rio Tinto, could become one of Europe’s largest sources of lithium – a…
Chinese EV Giant BYD Aims to Bypass EU Tariffs Through Turkish Factory
According to a report from the Polish Economic Institute (PIE), Chinese electric vehicle manufacturer BYD is planning to export 75,000 electric cars annually to the EU market from its factory in Turkey. This move appears to be a strategic attempt…
Tesla Axes Cheapest Cybertruck, Hikes Prices on Remaining Models
Tesla has made significant changes to its Cybertruck lineup, according to a report from Jalopnik. The electric vehicle manufacturer has discontinued its entry-level rear-wheel drive (RWD) model and substantially increased prices on the remaining variants. Cybertruck’s New Price Floor The…
Breathe Battery Technologies: Revolutionizing EV Charging with Software
Electric vehicle (EV) charging times have long been a point of contention for potential adopters. UK startup Breathe Battery Technologies is addressing this issue head-on with an innovative software solution that promises to significantly improve charging performance without requiring hardware…
Tesla’s California Sales Slump Signals EV Market Challenges
Tesla, the electric vehicle giant, is facing headwinds in California. According to Reuters, Tesla’s car registrations in the Golden State dropped 24% in the second quarter of 2024, marking the third consecutive quarter of declining sales in this crucial market.…
Tesla Cybertruck Showcases Impressive Off-Road Capabilities
Tesla has released a new YouTube video demonstrating the off-road prowess of its highly popular Cybertruck. The video offers an in-depth look at the electric vehicle’s advanced features designed for tackling challenging terrain. Adaptive Off-Road Modes The Cybertruck boasts a…
EU Imposes Tariffs on Chinese-Made EVs, Igniting Trade Tensions
Reuters reports that the European Union is set to impose tariffs of up to 37.6% on electric vehicles (EVs) imported from China, marking the EU’s largest trade case to date. This move, aimed at leveling the playing field for European…
Ford CEO Praises U.S. Policies for Leveling the EV Playing Field
Ford Motor Company CEO Jim Farley expressed growing optimism about the automaker’s ability to produce electric vehicles (EVs) profitably in the U.S., thanks to supportive government policies, reports Axios. This development is crucial as Ford, the second-largest EV brand in…
Transportation Secretary Defends EV Incentives in House Hearing
The Daily Beast reports that Transportation Secretary Pete Buttigieg vigorously defended electric vehicle (EV) incentives during a recent House Oversight Committee hearing. The Secretary faced off against Republican representatives who questioned the cost and necessity of EV tax rebates. Buttigieg’s…
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