The U.S. Treasury has reported a significant milestone in electric vehicle (EV) adoption, with $2 billion in tax credits issued for over 300,000 EVs since January 1st. This surge in EV purchases comes as new point-of-sale tax credit rules took…
Deutsche Bank analyst Edison Yu has maintained a Buy rating on Tesla (TSLA) with a price target of $295.00, according to a report from TipRanks. This optimistic outlook stems from Tesla’s anticipated strong performance in Q3 2024 and exciting developments…
The US Commerce Department has proposed a far-reaching rule that could effectively ban Chinese-developed software and connectivity-related hardware in cars sold in the United States. This move, reported by The New York Times, is part of a broader effort by…
Nio Inc., a leading Chinese electric vehicle manufacturer, is voicing strong opposition to recent tariff measures proposed by the United States and European Union on Chinese EVs. This pushback comes amidst rising trade tensions and debates over fair competition in…
Siemens is carving out its electric vehicle (EV) charging business, aiming to charge up growth in this booming sector. The German industrial giant announced on Monday that it plans to separate its Siemens eMobility unit, combining it with recently acquired…
The automotive world is buzzing after former President Donald Trump reportedly suggested imposing a 100% tariff on cars imported from Mexico if he wins the upcoming presidential election. This statement, shared by Sawyer Merritt on X, has sparked discussions about…
Spy shots of Nio’s upcoming Firefly electric vehicle have surfaced, giving us our first glimpse of the interior. Auto Home, a local automotive media outlet, shared these images revealing key details about Nio’s third brand. Dual-Screen Setup and Steering Wheel…
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…
The Biden administration is revving up efforts to ban Chinese-made software for electric and connected vehicles, citing significant cybersecurity risks. This bold move, as reported by Bloomberg, stems from an in-depth investigation into potential threats that Chinese vehicle software could…
NPR’s Camila Domonoske recently explored why some Americans are becoming less convinced about the environmental benefits of electric vehicles, despite substantial evidence supporting their positive impact. This shift in public opinion comes at a crucial time for the EV industry…
BYD, the Chinese electric vehicle giant, is making significant headway in Southeast Asian markets, particularly in Singapore and Malaysia. This success is largely attributed to the company’s swift adaptation to local requirements, according to Fortune. The Right-Hand Drive Advantage Jeffrey…
The Tesla Cybertruck is making waves in an unexpected arena: hip-hop culture. According to reports from Sawyer Merritt, the futuristic electric pickup has become a hot topic among some of the biggest names in rap. DaBaby’s Cybertruck Album Cover Grammy-nominated…
Lucid, the electric vehicle startup that’s made waves with its Air sedan, is gearing up for a major expansion. According to a recent MotorTrend report, the company’s ambitious plans include launching the Lucid Gravity SUV and developing a new midsize…
Ford’s electric vehicle ambitions have hit some roadblocks, as reported by The New York Times. The automaker is facing challenges with its Mustang Mach-E and has cancelled plans for a three-row electric SUV. Mach-E Troubles and Market Realities The Mustang…
The U.S. Department of Energy (DOE) just dropped a bombshell in the EV world, announcing $355 million in federal funding for EV battery manufacturing projects across Michigan. This cash injection, courtesy of the Bipartisan Infrastructure Law, is set to supercharge…
Stellantis is navigating rough waters as it pushes forward with its electric vehicle strategy in the U.S. According to a recent report from Automotive News, the automaker is facing significant resistance from both its dealership network and the United Auto…
The electric vehicle (EV) market is heating up, and Tesla’s Model Y is making waves. According to a recent report by Wolf Richter for WOLF STREET, the Model Y is now a hair’s breadth away from becoming the best-selling model…
Mercedes-Benz, the German luxury automaker, has seen a significant drop in its share price following a profit warning issued on September 20, 2024. The company cited weakening demand in China as the primary reason for the downgrade, which has had…
Lucid Motors, a Silicon Valley-based electric vehicle (EV) startup, has officially opened a new office in Southfield, Michigan, aiming to tap into Detroit’s rich automotive talent pool and boost its operations. This strategic move comes as Lucid prepares for the…
Rivian is making waves in the electric vehicle (EV) market with its latest tri-motor configuration for its trucks and SUVs. The company is now shipping these models, offering an extra power boost over the dual-motor version. This new setup features…
Nio, the Chinese electric vehicle (EV) manufacturer, has dismissed rumors that it plans to acquire the Audi Brussels car plant. The company’s CEO, William Li, emphasized Nio’s cautious approach to investing in fixed assets, except for battery swap stations. This…
Vietnamese electric-vehicle maker VinFast reported a deeper second-quarter loss on Friday, driven by rising costs linked to its ambitious Asia expansion, although its revenue remained on a rising trend, according to its exchange filing. The company, which started delivering cars…
Volkswagen, a major player in the electric vehicle (EV) market, is facing scrutiny over its operations in China’s Xinjiang region. An audit of the company’s jointly owned site there has failed to meet key aspects of international standards, according to…
Germany’s government is exploring ways to support Volkswagen as the automaker faces hurdles in its shift to electric vehicles, according to Reuters. This comes as VW grapples with high costs, low productivity, and fierce competition in the EV market. Government…
Mercedes-Benz is pulling out of China’s electric vehicle market, selling its remaining stake in premium EV maker Denza. This move comes as luxury spending in the world’s largest auto market takes a hit, according to a recent report from The…
Chinese EV maker Nio is reportedly considering a purchase offer for Audi’s plant in Brussels, which is facing potential closure due to low demand for the Q8 E-Tron. This move could help Nio avoid higher tariffs on Chinese EV imports…
BYD, China’s leading electric vehicle (EV) maker, is making a bold move into Europe, with its first assembly plant set to open in Hungary. This strategic decision comes as the European Union considers raising tariffs on EVs imported from China,…
Volkswagen has encountered a significant hurdle with its all-electric ID.4, as the company recently halted production at its Chattanooga, Tennessee, factory due to a faulty electronic door mechanism. The issue, which has affected numerous VW owners, involves water seeping into…
Tesla’s performance in China remains strong, with the electric vehicle giant recording its second-best week of Q3 2024 for new vehicle insurance registrations. According to Sawyer Merritt’s post on X, 15,600 Teslas were insured in China last week. Q3 Numbers…
New car sales in the European Union took a nosedive in August, dropping by 18.3% to their lowest levels in three years. The decline was particularly steep for electric vehicles (EVs), with sales plunging by 43.9%. This marks the fourth…
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