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Jeep has launched its new Compass EV, an electric SUV designed to challenge the Tesla Model Y with lower prices and superior off-road capability. Set to arrive by the end of 2025, this electric vehicle (EV) combines Jeep’s rugged heritage with modern electric performance, offering a range of up to 404 miles and fast-charging capabilities,…
In a significant milestone for the electric vehicle (EV) industry, EVs now account for roughly one in every 30 used car sales in the UK, according to recent data from the Society of Motor Manufacturers and Traders (SMMT). This growth, observed in the first quarter of 2025, reflects a growing acceptance of EVs among second-hand…
On May 9, 2025, Wolfspeed (WOLF.N), a key player in the electric vehicle (EV) supply chain, saw its shares drop 23% after the company raised concerns about its financial stability and slashed its annual revenue forecast. The chipmaker, known for producing silicon carbide (SiC) wafers critical for EV power electronics, is grappling with sluggish demand…
The UK government has finalized a £1 billion (approximately $1.27 billion) funding deal to construct a new electric vehicle (EV) battery gigafactory in Sunderland, a move set to create 1,000 jobs and produce batteries for up to 100,000 EVs annually. Announced by Chancellor Rachel Reeves during a visit to AESC’s facilities on May 9, 2025,…
Mazda has taken a significant step in the electric vehicle (EV) landscape by partnering with Tesla to adopt the North American Charging Standard (NACS) for its battery electric vehicles (BEVs) launching in Japan from 2027 onward. This agreement, announced on May 9, 2025, aims to enhance charging accessibility for Mazda EV owners in Japan by…
Mitsubishi is making a bold return to the electric vehicle (EV) market, announcing a new battery-electric model set to launch in the United States and Canada in summer 2026. The automaker revealed this development in a press release on May 7, 2025, highlighting its collaboration with alliance partner Nissan. This move marks Mitsubishi’s re-entry into…
Chinese billionaire Eric Li’s decision to privatize Zeekr, a New York-listed electric vehicle (EV) brand, marks a significant shift for the company just one year after its U.S. initial public offering (IPO). According to a Forbes report, parent company Geely Automobile will buy out Zeekr’s remaining shares for $2.2 billion, delisting the EV maker as…
Renault’s electrified revival of the iconic 1980s R5 Turbo, unveiled as the Renault 5 Turbo 3E at the 2022 Paris Auto Show, has sparked significant enthusiasm among electric vehicle (EV) enthusiasts. The limited-edition hatchback, priced at 155,000 euros ($176,000), secured 850 reservations within its first week of orders, according to Reuters, highlighting strong demand for…
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