Tariffs, tax credits, mandates and regulators — the rules that shape the EV market.
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. tariffs and a challenging electric vehicle (EV) market, could reshape Lotus’s future as it leans…
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 equity (PIPE), aims to fuel Polestar’s global expansion and strengthen its position in the competitive…
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 on June 27, 2025, by Hungarian Foreign Minister Peter Szijjarto, the plant will increase BYD’s…
Redwood Materials, a leader in electric vehicle (EV) battery recycling, is giving retired EV batteries a second life by converting them into cost-effective microgrids, the company announced on Thursday. By repurposing still-functional batteries, Redwood’s new division, Redwood Energy, is creating modular energy storage systems that address critical energy grid gaps at a fraction of the…
Xiaomi Corp.’s stock soared 8% to an all-time high after its $35,360 YU7 electric SUV, unveiled on June 26, 2025, drew an impressive 289,000 pre-orders in just one hour, signaling strong demand in China’s competitive EV market. Priced at 253,500 yuan, the YU7 undercuts Tesla’s Model Y by about $1,400, positioning Xiaomi as a formidable…
Tesla’s vice president of sales and manufacturing for North America and Europe, Omead Afshar, has left the electric vehicle (EV) giant, marking another high-profile exit as the company navigates declining sales and a pivot to autonomous technology. The departure, confirmed by three sources familiar with the matter, comes as Tesla grapples with a 19% year-to-date…
The dream of fully autonomous cars continues to stall, leaving electric vehicle (EV) enthusiasts and industry watchers intrigued yet cautious. Despite early optimism following the US military’s Darpa challenge two decades ago, progress toward Level 5 self-driving cars—capable of driving anywhere in all conditions—has hit significant hurdles. A Bloomberg chart projecting automation levels through 2
In May 2025, Tesla’s European sales plummeted for the fifth consecutive month, with only 8,729 vehicles sold across the European Union—a 40.5% decline from the 14,682 units sold in May 2024, according to data from the European Automobile Manufacturers Association. As demand for electric vehicles (EVs) grows, Tesla’s struggles highlight shifting consumer preferences toward affordable…
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