Tesla Faces Crisis as 10,000 Cybertrucks Remain Unsold, Sales Plummet Globally
Tesla, once a leader in the electric vehicle (EV) industry, is grappling with a severe challenge as over 10,000 Cybertrucks sit unsold across the U.S., costing the company an estimated $800 million. According to a recent Forbes report, this inventory…
Tesla Sales Drop in California Threatens State’s EV Goals, Experts Warn
In a surprising turn for California’s electric vehicle (EV) market, Tesla sales plummeted 21% in the first quarter of 2025 compared to the same period in 2024, while other EV brands saw a 14% rise, according to the California Energy…
Chinese EVs Now Nearly as Affordable as Gas Cars, IEA Report Reveals
A new report from the International Energy Agency (IEA) highlights a seismic shift in the electric vehicle (EV) landscape: Chinese EVs are closing the price gap with traditional gasoline cars, offering a compelling option for buyers. Published on May 16,…
Tesla Cybertruck FSD Price to Rise After June 15: Take Delivery Now and Save $1,000
Tesla is urging Cybertruck reservation holders to act fast, as the price for its Full Self-Driving (FSD) Supervised feature is set to increase after June 15, 2025. In a recent email to early reservation holders, Tesla announced that those who…
Jeep Unveils 2025 Grand Cherokee 4xe Lease Deal for EV Enthusiasts
Jeep has rolled out an enticing lease offer for the 2025 Grand Cherokee 4xe, blending luxury, off-road capability, and electric efficiency into an affordable package for EV enthusiasts. This plug-in hybrid SUV promises a low monthly payment of $399 for…
Audi Q8 e-tron Discontinued in 2025, Successor Planned for EV Enthusiasts
Audi has officially confirmed the discontinuation of its Q8 e-tron SUV following the closure of its Brussels factory in February 2025, marking the end of a seven-year run for the electric vehicle (EV) that kickstarted the brand’s modern electric era.…
Electric Cars Can Earn Money While You Sleep with ChargeScape’s Smart Charging
Electric vehicle (EV) owners may soon turn their cars into income sources while they rest, thanks to a new initiative by ChargeScape. This joint venture, backed by BMW, Ford, Honda, and Nissan, is revolutionizing how EVs interact with the power…
Global Electric Car Fleet Hits 58 Million in 2024, Led by China’s Surge
In 2024, the global electric car fleet soared to nearly 58 million vehicles, tripling from 2021 and comprising 4% of the world’s passenger cars, displacing over 1 million barrels of oil daily, according to the International Energy Agency (IEA). China’s…
BMW’s Cautious EV Strategy Pays Off as Rivals Rethink All-Electric Plans
BMW’s measured approach to electric vehicles (EVs) is proving successful as competitors dial back aggressive EV targets, the company’s CEO announced. Oliver Zipse, speaking to shareholders on Wednesday, credited BMW’s multi-drivetrain strategy—blending EVs, hybrids, and combustion engines—for its edge in…
Tesla Launches $1,000 Discount Program for Heroes: EVs for Military, Teachers, and More
Tesla has introduced a new initiative offering a $1,000 discount on any new electric vehicle (EV) for verified students, teachers, first responders, military veterans, retirees, active-duty members, their spouses, and surviving spouses. This program, dubbed “Made in America for Everyday…
Tesla Appoints Chipotle’s Jack Hartung to Board, Bolstering Financial Oversight
On May 16, 2025, Tesla announced the addition of Chipotle executive Jack Hartung to its board of directors and audit committee, effective June, expanding the board to nine members. This move, reported by Reuters, strengthens Tesla’s financial governance as the…
BYD to Launch European EV Hub in Hungary, Boosting Jobs and Innovation
Chinese electric vehicle (EV) leader BYD announced plans to establish a European center in Hungary, a move that will create 2,000 jobs and strengthen its foothold in the region. Speaking at a Budapest news conference alongside Hungarian Prime Minister Viktor…
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