Tesla’s electric vehicle (EV) sales in Europe took a significant hit in April 2025, with new-car registrations dropping nearly 53% to 5,475 vehicles, according to the European Automobile Manufacturers’ Association (ACEA). This marks the fourth consecutive month of decline for…
The electric vehicle (EV) market is facing a turbulent shift as used Tesla resale values have taken a sharp dive in 2025, driven by a mix of oversupply, consumer sentiment, and industry-wide depreciation trends. According to a recent Forbes report,…
Nissan, a key player in the electric vehicle (EV) industry, may sell its global headquarters in Yokohama, Japan, valued at $700 million, as part of a broader cost-cutting strategy to navigate financial challenges. According to a recent report by Nikkei…
Chinese electric vehicle (EV) giant BYD Co. (1211.HK) triggered a seismic shift in the EV market by slashing prices on 22 of its models by as much as 34%, intensifying a price war in China amid slowing demand. According to…
Chevrolet is expanding its electric Silverado lineup for 2026, introducing the off-road-ready Trail Boss trim and slashing prices on Work Truck (WT) and LT models to boost affordability. With enhanced battery options and a focus on rugged capability, the updates…
Tesla has announced that its attractive 1.99% APR financing offer for the new Model Y will conclude on June 16, 2025, in the U.S., giving prospective electric vehicle (EV) buyers a narrow window to act. This promotion from Tesla has…
A proposed budget from House Republicans could end the $7,500 federal tax credit for electric vehicles (EVs), a move that may stall EV adoption and hit automakers like General Motors (GM) and Ford hardest, while Tesla stands to gain. The…
Wedbush analyst Dan Ives boosted Tesla’s price target from $350 to $500, spotlighting the electric vehicle giant’s leadership in autonomous driving technology as a key driver for growth. In an interview with Bloomberg, Ives shared his bullish outlook, emphasizing Tesla’s…
Tesla is experiencing a surge in interest for its electric vehicles, with some U.S. stores reporting record test drive signups for the new 48-hour demo option. According to a recent update from EV enthusiast Sawyer Merritt, the extended test drives…
Volvo Cars’ CEO, Hakan Samuelsson, has raised concerns over looming tariffs that could significantly increase costs for electric vehicle (EV) buyers in the United States. In a recent statement, Samuelsson highlighted the challenges of maintaining affordability for models like the…
On May 22, 2025, the U.S. House passed H.R. 1, the “One Big Beautiful Bill Act,” introducing a tax deduction of up to $10,000 annually on auto loan interest for vehicles assembled in the U.S., including electric vehicles (EVs) like…
China’s electric vehicle (EV) market is facing unprecedented price cuts, with discounts reaching a record 16.8% in April, up from 16.5% in March, according to a recent Carscoops report. This intensifying price war, driven by fierce competition among nearly 50…
Tesla has introduced an extended 48-hour test drive program for its Cybertruck, Model S, Model 3, and Model Y, marking a first for U.S. customers. Announced by automotive enthusiast Sawyer Merritt, this initiative allows anyone in the U.S. to book…
A prominent U.S. marketing professor, Scott Galloway, labeled Elon Musk’s involvement with the Trump administration’s Department of Government Efficiency (Doge) as “one of the greatest brand destructions” ever, citing its impact on Tesla’s core demographic. Speaking on the Pivot podcast,…
On May 24, 2025, Xiaomi, the tech giant known for its smartphones, revealed its latest electric vehicle, the YU7—an electric SUV designed to compete directly with the Tesla Model Y. Boasting a sleek design reminiscent of the Ferrari Purosangue and…
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