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CATL’s $6 Billion Indonesia Battery Venture Powers Global EV Supply Chain

On Sunday, China’s Contemporary Amperex Technology Co. Ltd. (CATL), the world’s leading electric vehicle (EV) battery manufacturer, broke ground on a $6 billion battery material ecosystem in Indonesia, partnering with Indonesia Battery Corp. and PT Aneka Tambang, reports Bloomberg. This ambitious project aims to bolster Indonesia’s role in the global EV supply chain while advancing…

Lucid Pushes for EV Tax Credit Extension to Boost Small Brands Through 2026
Lucid

Lucid CEO Urges Congress to Save $7,500 EV Tax Credit as Senate Plans Cuts

Lucid Motors CEO Marc Winterhoff has urged Congress to preserve the $7,500 federal electric vehicle (EV) tax credit, warning that its elimination could cripple startups like his in a competitive market. As the Senate prepares to vote on a bill that would end the credit by mid-2025, Winterhoff’s plea underscores the high stakes for emerging…

Trump’s “Big Beautiful Bill” Sparks Outrage Over EV Tax Credit Cuts
Elon Musk

Trump Tax Bill Axes $7,500 EV Tax Credit, Sparks Musk’s Fury

On Saturday, June 28, 2025, Elon Musk, CEO of Tesla Inc., publicly condemned the U.S. Senate’s revised tax bill, which accelerates the elimination of the $7,500 electric vehicle (EV) tax credit. Musk’s sharp criticism, posted on his social media platform X, highlights the bill’s potential to harm the EV industry, a cornerstone of clean energy…

Mustang Mach-E

Senate Republicans Push to End $7,500 EV Tax Credit by September 30, 2025

On June 28, 2025, Senate Republicans unveiled a revised tax and budget bill that would terminate the $7,500 federal tax credit for new electric vehicle (EV) purchases and leases by September 30, 2025, alongside the $4,000 credit for used EVs, according to Reuters. This move marks a significant shift from previous policies promoting EV adoption…

Ford

Chinese Automakers Target Africa with Affordable EVs and Hybrids

Chinese automakers like BYD, Chery, and Great Wall Motor (GWM) are accelerating their push into Africa, leveraging low-cost electric vehicles (EVs) and plug-in hybrids to tap the continent’s untapped potential. Facing trade barriers in the U.S. and Europe, these companies are eyeing South Africa as a launchpad for a broader African strategy, according to Reuters.…

Tesla

Electric Vehicle Sales Poised for Growth as Prices Drop and Options Expand

Despite a sluggish start, electric vehicle (EV) sales are set to gain momentum, driven by falling prices, growing incentives, and a surge in model variety, according to recent industry forecasts. Cox Automotive and J.D. Power highlight a dynamic shift in the EV market, offering hope for enthusiasts and prospective buyers. Current Sales Trends Signal a…

China

China Links Cognac Deal to EU Tariff Talks, Impacting Electric Vehicle Trade

China has tied a tentative deal on minimum import prices for French cognac to progress in negotiations over EU tariffs on Chinese-made electric vehicles (EVs), creating a complex trade standoff with significant implications for the EV industry. This development, reported by Reuters, underscores the broader trade tensions between Beijing and Brussels, with EV manufacturers and…

Ford

Redwood Materials Transforms Old EV Batteries into Affordable Microgrids for Energy Storage

Redwood Materials, a leader in electric vehicle (EV) battery recycling, is giving retired EV batteries a second life by converting them into cost-effective microgrids, the company announced on Thursday. By repurposing still-functional batteries, Redwood’s new division, Redwood Energy, is creating modular energy storage systems that address critical energy grid gaps at a fraction of the…

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