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Cargo Ship Sinking Sparks $560M Loss For Ev Industry

Cargo Ship Sinking Sparks $560M Loss for EV Industry

On June 3, 2025, the Morning Midas, a cargo ship carrying 3,048 Chinese vehicles, including 750 electric vehicles (EVs) and hybrids, caught fire and sank 20 days later, costing the industry an estimated $560 million, according to the Anderson Economic…

Volex Profits Surge 25% As Ev Charger Demand Skyrockets

Volex Profits Surge 25% as EV Charger Demand Skyrockets

Volex, a leading cable manufacturer, reported a 25% profit increase for the year ending March 2025, driven by soaring demand for its electric vehicle (EV) chargers. Despite concerns over U.S. tariffs under President Trump, the company’s strategic global operations and…

Tesla'S Charging Network Becomes Gold Standard

Nevada’s Bumpy Road to EV Charging Infrastructure

Nevada‘s journey to build out its electric vehicle (EV) charging network has been slow and disjointed, according to a report by The Nevada Independent. Despite ambitious plans and significant funding, the state has struggled to create a comprehensive EV charging…

China'S Byd Has Overtaken Tesla As The World'S Best-Selling Maker Of Electric Cars. In The Final Quarter Of Last Year, Byd, Backed By Warren Buffett, Sold 526,409 Fully Electric Vehicles, Outpacing Tesla'S 484,507.

BYD’s EV Empire Expands: Workforce Tops 900,000

China‘s electric vehicle giant BYD is on a hiring spree, pushing its workforce past the 900,000 mark. This massive expansion, reported by Reuters, underscores the company’s ambitious growth plans and the booming EV market in China. Workforce Explosion BYD’s hiring…

Harris Drops Support For Ev Mandate: A Political Pivot?

Harris Drops Support for EV Mandate: A Political Pivot?

Vice President Kamala Harris, once a staunch supporter of federal rules mandating electric vehicle (EV) production, has seemingly changed her stance. According to a recent report by Alex Thompson and Ben Geman of Axios, Harris’ campaign stated that she “does…