South Korea announced Friday it will increase electric vehicle subsidies by 20% in 2026 as part of a broader support package designed to help the country’s automakers survive the Trump administration’s punishing tariffs. The move signals Seoul’s willingness to fight…
Tesla is internally testing Apple CarPlay integration after years of CEO Elon Musk dismissing the feature as unnecessary, Bloomberg reported today. The stunning reversal comes as the electric vehicle maker faces collapsing sales across global markets and increased pressure following…
U.S. motor vehicle sales plummeted in October 2025 as the elimination of federal EV tax credits sent electric vehicle demand into freefall and broader economic uncertainty kept car shoppers away from dealerships. The data reveals the immediate aftermath of one…
Automakers shipping vehicles to the United States could face $200 to $300 per vehicle in additional costs, the CEO of major car carrier Wallenius Wilhelmsen warned Wednesday, as the company moves to pass new U.S. port fees onto customers. The…
Tesla has pulled back the curtain on the engineering philosophy behind its new Model Y Performance, revealing how the electric automaker achieved blistering 3.3-second 0-60 mph times and 306 miles of EPA-estimated range through aerodynamic refinement rather than simply cranking…
Rivian CEO RJ Scaringe sent an internal memo to employees Thursday announcing the company’s third workforce reduction in four months, cutting roughly 600 jobs as the electric vehicle maker struggles with collapsed post-tax-credit demand. The carefully worded message emphasized “structural…
Porsche AG just posted the most humiliating quarter in its 77-year history—a €967 million ($1.1 billion) operating loss that marks the luxury automaker’s first quarterly loss since going public in 2022. According to Bloomberg, the sports car manufacturer is hemorrhaging…
Rivian has agreed to pay $250 million to settle a 2022 class-action lawsuit that accused the electric vehicle maker of misleading investors about vehicle pricing during its blockbuster 2021 initial public offering, according to a court filing Thursday. The settlement…
Rivian Automotive is laying off approximately 600 employees—roughly 4.5% of its workforce—as the electric vehicle maker faces mounting pressure from the September 30 expiration of federal EV tax credits and a broader slowdown in EV demand. The layoffs, first reported…
Uber is launching a $4,000 grant program for drivers purchasing electric vehicles in select states, stepping in just as the federal EV tax credit vanished from the market. The ride-hailing giant announced Wednesday it’s rebranding “Uber Green” to “Uber Electric”…
Federal agents detained 475 workers at Hyundai’s $12.6 billion electric vehicle battery plant site near Savannah, Georgia, in what authorities described as the largest single-site immigration raid in the history of Homeland Security Investigations (HSI), reports The Atlanta Journal-Constitution. Largest…
Global automakers are overhauling their China strategies as foreign brands see their market share slide from 66% in 2020 to just 38% in the first half of this year, according to BloombergNEF. The shift reflects surging domestic competition, rapid electrification,…
Carmakers in the UK have initiated substantial price cuts on electric vehicles to leverage a surge in consumer interest, even as confusion persists over a newly announced government grant program that has yet to fully launch. This move highlights growing…
As electric vehicle sales falter, major battery manufacturers are shifting focus to a booming market in large-scale energy storage systems, offering a potential buffer against losses in the automotive sector. This strategic pivot helps utilize underused factories and taps into…
Hyundai Motor Company introduces the IONIQ 9 Seed Ball Drone Station, transforming its flagship electric SUV into a versatile base for aerial reforestation, leveraging vehicle-to-load (V2L) technology to power drones in wildfire recovery efforts. This innovation extends the company’s Smart…
Subaru unveiled the 2026 Uncharted EV in New York City, introducing the brand’s first front-wheel-drive model since 1996 amid a shifting electric vehicle market. This launch responds to volatile tariffs and fading consumer incentives, delivering a budget-friendly electric crossover with…
Electric vehicle (EV) sales are poised for a significant boost as automakers and dealers urge buyers to act before a $7,500 federal tax credit expires on September 30, 2025. With Congress set to eliminate the subsidy through recent tax and…
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 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…
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…
The 2026 Kia EV4, the brand’s first global electric sedan, is set to challenge the Tesla Model 3 with a compelling mix of range, affordability, and modern design. Priced at approximately $31,000 in Korea, the EV4 offers up to 330…
Honda will unveil its Super EV Concept, a boxy electric minicar, at the Goodwood Festival of Speed in July 2025, signaling a push into the entry-level EV market to replace the discontinued Honda e, according to Automotive News Europe. This…
Hyundai Motor has exited its entire stake in Ola Electric, while Kia reduced its holding in a $80 million share sale, as the Indian electric vehicle (EV) maker faces mounting challenges, as reported by Reuters. Hyundai and Kia’s Exit Strategy…
India has rolled out its new electric vehicle (EV) policy aimed at attracting global automakers with reduced import taxes, but Tesla is showing reluctance to set up local manufacturing, a federal minister revealed. This development, reported by Reuters, could reshape…
As electric vehicle (EV) adoption faces hurdles like range anxiety and charging infrastructure gaps, automakers are turning to extended-range electric vehicles (EREVs) to bridge the gap. A recent NBC News report highlights how EREVs, a type of plug-in hybrid, offer…
Hyundai Motor Co. is set to raise the price of all its US vehicles, including electric models, by 1% as early as next week, a move aimed at cushioning the impact of tariffs imposed by President Donald Trump. The South…
In the rural outskirts of Hiroshima, a Japanese startup named KG Motors is making waves in the electric vehicle (EV) industry with its ultra-compact, single-seat mibot. Priced at just $7,000 (¥1 million), this battery-powered one-seater has already secured over half…
A recent study from American Muscle highlights why electric vehicle (EV) adoption is stalling despite growing interest. High upfront costs and sparse charging infrastructure are pushing buyers away, even as automakers like BMW and Kia roll out models like the…
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,…
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…
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