Shares of Tesla, a leading electric vehicle (EV) manufacturer, are set to drop sharply after CEO Elon Musk announced the formation of a new political party, the “America Party,” raising fears among investors that his political ventures could harm the…
Tesla’s dominance in electric vehicle (EV) production is poised to yield significant profits from Canada’s new zero-emission vehicle (ZEV) mandates, fueling tensions with traditional automakers. According to a recent analysis, Tesla earned $2.8 billion globally in 2024 from selling compliance…
Volkswagen is set to bring its self-driving ID.Buzz electric minivan to the U.S. in 2026, partnering with Uber to launch a robotaxi service in Los Angeles. This move positions the German automaker as a key player in the autonomous electric…
Rivian’s iconic Tank Turn, a feature that lets its electric vehicles spin 360 degrees in place, is back after a six-year hiatus, debuting on the second-generation R1S SUV and R1T pickup. A teaser video posted by Rivian shows the Quad-Motor…
President Trump’s “Big Beautiful Bill,” slated for signing in the coming days, delivers a seismic shift to electric vehicle (EV) incentives, Zero-Emission Vehicle (ZEV) credit systems, and clean energy policies. This legislation, detailed by EV industry analyst Sawyer Merritt, reshapes…
Xiaomi, the Chinese tech giant known for smartphones, is accelerating its electric vehicle (EV) ambitions with plans to sell its YU7 SUV globally by 2027, posing a direct threat to Tesla’s Model Y. The company’s automotive division secured 200,000 orders…
BMW’s electric vehicle (EV) sales in North America took a significant hit in Q2 2025, dropping 21.2% compared to the same period in 2024, despite a modest 1.6% overall sales increase for the brand in the first half of the…
VinFast Auto Ltd., a Vietnamese electric vehicle (EV) manufacturer, has secured a $510 million private credit loan from Deutsche Bank AG and SeaTown Holdings International to fuel its ambitious global expansion, reports Bloomberg. This financial boost, announced on July 4,…
On July 4, 2025, Tesla North America showcased its commitment to American innovation with a stunning aerial display of electric vehicles (EVs) arranged to form the U.S. flag, captured via drone footage. The image, shared on X by Tesla North…
In June 2025, Tesla’s UK sales climbed 3.7% to 7,700 vehicles, a modest recovery after a sluggish first half, according to data from the Society of Motor Manufacturers and Traders (SMMT). This uptick follows a 1.3% year-to-date decline, with 22,700…
Thailand’s ambitious plan to become a regional hub for electric vehicle (EV) production is under strain as China’s hyper-competitive EV market spills over, threatening smaller brands and local goals, reports Reuters. With Chinese EV makers dominating over 70% of Thailand’s…
Stellantis is set to launch a new hybrid Fiat 500 in November 2025, priced at $20,000 (17,000 euros), aiming to revitalize its struggling Italian manufacturing, according to Fiat’s CEO Olivier Francois. The move comes as the automaker grapples with a…
In June 2025, Tesla’s new car sales in the United Kingdom climbed 12% compared to the previous year, driven by the launch of its refreshed Model Y, according to New AutoMotive data, reported by Reuters. This growth highlights a robust…
Slate Auto, a Jeff Bezos-backed electric vehicle startup, has removed claims that its upcoming all-electric pickup truck will start “under $20,000” after Congress passed President Trump’s tax cut bill, according to Slate Auto’s updated website. The legislation, set to be…
On July 3, 2025, Congress passed legislation that will terminate the $7,500 federal tax credit for new electric vehicle (EV) purchases or leases and the $4,000 credit for used EVs, effective September 30. This decision, reported by Reuters, marks a…
China’s Xiaomi, a smartphone giant turned electric vehicle (EV) manufacturer, will prioritize its booming domestic market until 2027, when it plans to explore international car sales, CEO Lei Jun announced during a livestream on Wednesday. With its SU7 sedan and…
Geely Automobile Holdings, led by billionaire Li Shufu, is making waves in Europe’s electric vehicle (EV) market by launching its namesake brand in Italy with all-electric and hybrid SUVs. Announced on Thursday, July 3, 2025, this move marks Geely’s first…
On July 3, 2025, shares of Rivian Automotive Inc. and Lucid Group Inc. surged by up to 4.6% and 8.8%, respectively, following a BNP Paribas analysis suggesting that the electric vehicle (EV) manufacturers could benefit from President Donald Trump’s tax…
In 2025, Chinese automakers BYD and Chery are reshaping the electric vehicle (EV) landscape, outmaneuvering global giants like Tesla, General Motors (GM), and Volkswagen (VW) with unprecedented speed and scale. A Reuters investigation reveals how these companies slashed vehicle development…
The U.S. House has officially passed President Donald Trump’s “Big Beautiful Bill,” a major budget package that ends the $7,500 EV credit for new car sales, effective September 30, 2025, as reported by Reuters. Signed into law by Trump, this…
Rivian Automotive, a key player in the electric vehicle (EV) market, reported a significant decline in deliveries for the second quarter of 2025, reflecting broader industry struggles. The company delivered 10,661 vehicles, a 22% drop from the 13,790 vehicles delivered…
China’s electric vehicle (EV) market, the world’s largest, faces a dramatic shakeout, with only 15 of the current 129 EV and plug-in hybrid brands expected to remain financially viable by 2030, reports Reuters. Intense competition, overcapacity, and a brutal price…
In June 2025, Tesla’s sales in Germany dropped by a staggering 60%, with only 1,860 vehicles sold compared to the previous year, according to the German road traffic agency KBA. Despite a robust 8.6% rise in overall battery electric vehicle…
On July 1, 2025, a tragic crash on Interstate 805 in Chula Vista, California, claimed the life of a 53-year-old motorcyclist after a Tesla driver allegedly intentionally struck the motorcycle. The incident, which has raised significant concerns about electric vehicle…
A wave of affordable used electric vehicles (EVs) is flooding the market as leases signed under a 2022 tax loophole begin to mature, offering budget-conscious buyers unprecedented access to EVs. According to Cox Automotive, nearly 1 million EVs were leased…
On July 2, 2025, Lucid Group, Inc. reported a 38% increase in second-quarter vehicle deliveries, reaching 3,309 electric vehicles (EVs), up from 2,394 in Q2 2024. However, the figures missed Wall Street’s expectations of 3,611 units, reflecting challenges in the…
China’s leading electric vehicle (EV) manufacturer, BYD Co., has paused its plans to build a major production facility in Mexico due to escalating trade tensions fueled by U.S. President Donald Trump’s aggressive tariff policies, according to a Bloomberg report. The…
Tesla’s second-quarter 2025 deliveries declined by 14% compared to last year, but the numbers proved less severe than anticipated, boosting the company’s stock price. According to a post on X by Sawyer Merritt on July 2, 2025, Tesla delivered 384,122…
Ford Motor Co.’s electric vehicle (EV) sales dropped sharply by 31.4% in the second quarter of 2025, largely due to a safety-related stop-sale of its popular Mustang Mach-E. The recall, affecting over 317,000 vehicles globally, stems from a software glitch…
Volvo Cars reported a 12% decline in global sales for June 2025, totaling 62,858 vehicles, marking the fourth consecutive month of falling volumes due to trade tariffs and weaker electric vehicle (EV) demand, according to Reuters. This downturn highlights challenges…
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