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Germany’s electric vehicle boom is built on a foundation of corporate accounting tricks, not genuine consumer demand. A German industry association warned Monday that nearly one in four newly registered EVs in 2025 were “self-registered” by manufacturers and dealers rather than sold to actual customers. The revelation exposes a troubling gap between official registration statistics…
Porsche unveiled the 2026 Cayenne Electric today, crowning it the most powerful production vehicle in the German automaker’s 77-year history with a staggering 1,139 horsepower. The launch comes just weeks after Porsche posted a $1.1 billion quarterly loss and declared that its luxury EV business model no longer works. The electric SUV will arrive in…
Chinese electric vehicle maker XPeng issued a disappointing fourth-quarter revenue forecast on Monday, signaling that even record-breaking delivery numbers can’t shield automakers from China’s relentless EV price war that continues eroding profitability across the sector. The Guangzhou-based automaker projects Q4 revenue between 21.5 billion yuan ($3.03 billion) and 23 billion yuan, falling well s
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 protectionism with government intervention—a strategy that’s becoming standard playbook as the global trade war reshapes…
Chinese-owned electric vehicle maker Polestar announced a reverse stock split on Wednesday as the struggling automaker fights to maintain its Nasdaq listing while reporting a widening third-quarter net loss of $365 million—up from $323 million in the same period last year. The financial engineering maneuver comes as the Geely-backed EV maker faces a perfect storm…
The Carl Junction Police Department in Missouri has added two Tesla Model Y electric vehicles to its fleet, testing whether EVs remain cost-effective for law enforcement in the post-subsidy era. KSNF in Joplin reports that one Model Y has been assigned to the detective division while the other serves patrol duty, with officers documenting significant…
Lucid Motors slashed its 2025 production forecast to 18,000 vehicles on Wednesday, marking the second consecutive cut in three months as the Saudi-backed luxury EV maker struggles with supply chain disruptions and collapsing post-tax-credit demand. Interim CEO Marc Winterhoff told Reuters the company would hit the lower end of its August guidance range of 18,000-20,000…
The European Union announced a comprehensive strategy to slash its dangerous dependence on Chinese rare earth materials just 16 days after Beijing imposed sweeping export restrictions that threaten to choke European electric vehicle production. European Commission President Ursula von der Leyen unveiled RESourceEU on Saturday at a conference in Berlin, calling China’s October 9 export…
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