Lucid CEO Urges Congress to Save $7,500 EV Tax Credit as Senate Plans Cuts
Lucid Motors CEO Marc Winterhoff has urged Congress to preserve the $7,500 federal electric vehicle (EV) tax credit, warning that its elimination could cripple startups like his in a competitive market. As the Senate prepares to vote on a bill…
Trump Tax Bill Axes $7,500 EV Tax Credit, Sparks Musk’s Fury
On Saturday, June 28, 2025, Elon Musk, CEO of Tesla Inc., publicly condemned the U.S. Senate’s revised tax bill, which accelerates the elimination of the $7,500 electric vehicle (EV) tax credit. Musk’s sharp criticism, posted on his social media platform…
Senate Republicans Push to End $7,500 EV Tax Credit by September 30, 2025
On June 28, 2025, Senate Republicans unveiled a revised tax and budget bill that would terminate the $7,500 federal tax credit for new electric vehicle (EV) purchases and leases by September 30, 2025, alongside the $4,000 credit for used EVs,…
Tesla FSD Edges Closer to Launch in Germany, Sparking Excitement
Excitement is building among Tesla enthusiasts in Germany as signs point to an imminent launch of the company’s Full Self-Driving (FSD) system, potentially marking a breakthrough for autonomous driving in Europe. Recent posts on X suggest that Tesla may be…
Lotus to End UK Production, Eyes US Move for Electric Vehicle Strategy
Lotus, the iconic British automaker, is poised to halt production at its historic Hethel, Norfolk factory after 59 years, with plans to shift manufacturing to the United States, according to a report by Autocar. This strategic pivot, driven by U.S.…
Photos of Tesla’s First Fully Autonomous Model Y Delivery
Tesla has achieved a historic milestone with the first fully autonomous delivery of a Model Y to a customer’s home, completed a day ahead of schedule on June 27, 2025. The delivery, which navigated highways and local roads with no…
Polestar Secures $200M Investment to Boost EV Expansion and Sales Growth
On June 16, 2025, Polestar, the Sweden-based electric vehicle (EV) manufacturer, announced a $200 million equity investment from PSD Investment, a firm controlled by Geely Holding Group’s founder, Li Shufu. This funding, reportedly secured through a private investment in public…
Tesla Achieves Historic Fully Autonomous Model Y Delivery Ahead of Schedule
Tesla has made a groundbreaking leap in electric vehicle (EV) technology with the first fully autonomous delivery of a Model Y, completing a journey from factory to a customer’s home across town, including highways, a day ahead of schedule. UPDATE:…
BYD Boosts Electric Bus Production with $94M Hungary Plant
Chinese automaker BYD is set to triple its electric bus and truck production in Europe with a new $94 million facility in Komarom, Hungary, a move that strengthens Hungary’s position as a hub for Chinese electric vehicle (EV) investment. Announced…
Chinese Automakers Target Africa with Affordable EVs and Hybrids
Chinese automakers like BYD, Chery, and Great Wall Motor (GWM) are accelerating their push into Africa, leveraging low-cost electric vehicles (EVs) and plug-in hybrids to tap the continent’s untapped potential. Facing trade barriers in the U.S. and Europe, these companies…
Electric Vehicle Sales Poised for Growth as Prices Drop and Options Expand
Despite a sluggish start, electric vehicle (EV) sales are set to gain momentum, driven by falling prices, growing incentives, and a surge in model variety, according to recent industry forecasts. Cox Automotive and J.D. Power highlight a dynamic shift in…
China Links Cognac Deal to EU Tariff Talks, Impacting Electric Vehicle Trade
China has tied a tentative deal on minimum import prices for French cognac to progress in negotiations over EU tariffs on Chinese-made electric vehicles (EVs), creating a complex trade standoff with significant implications for the EV industry. This development, reported…
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