Rivian, Lucid Poised to Gain as Trump Tax Bill Ends EV Credits
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…
Chinese EV Giants BYD and Chery Outpace Tesla, GM, and VW in 2025 Global Race
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…
Trump’s “Big Beautiful Bill” Ends $7,500 EV Credit, Impacting Owners and Enthusiasts
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 Faces Q2 Delivery Drop Amid EV Industry Challenges
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…
Only 15 EV Brands in China Will Survive by 2030, AlixPartners Predicts
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…
Tesla Sales Plummet 60% in Germany as EV Market Grows in June 2025
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…
Tesla Driver Charged with Murder in Fatal I-805 Crash Involving Motorcyclist
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…
Flood of Affordable Used EVs Hits Market as Lease Returns Surge
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…
Lucid’s Q2 2025 Deliveries Climb 38% but Fall Short of Expectations Amid EV Market Shifts
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…
BYD Halts Mexico EV Plant Plans Amid Trump’s Tariff Threats
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 Slashes Model Y Lease Prices with New July Deals
Tesla has rolled out compelling lease offers for the 2025 Model Y, making the popular electric SUV more accessible to EV enthusiasts. With monthly payments starting at $399 and flexible down payment options, these nationwide deals, detailed on Tesla’s official…
Tesla’s Q2 2025 Deliveries Drop 14%, Yet Stock Rises on Better-Than-Expected Results
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…
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