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UK Carmakers Offer $2.6 Billion in EV Discounts, Still Miss Sales Targets
Tesla

UK Carmakers Offer $2.6 Billion in EV Discounts, Still Miss Sales Targets

Automakers in the UK are set to provide at least £2 billion ($2.6 billion) in electric vehicle discounts this year, yet they’re still falling short of the government’s sales mandate, according to a Bloomberg report. Record EV Registrations, but Not Enough Despite steep price cuts driving battery-electric vehicle registrations to a record high in September,…

China's BYD has overtaken Tesla as the world's best-selling maker of electric cars. In the final quarter of last year, BYD, backed by Warren Buffett, sold 526,409 fully electric vehicles, outpacing Tesla's 484,507.
BYD

BYD’s Hybrid Surge: Chinese Automaker Shifts Gears in Global EV Race

BYD, the $122 billion Chinese auto and battery giant, is experiencing a significant shift in its product mix, with hybrid vehicles overtaking pure electric models in sales this year. This trend, particularly driven by exports, highlights the growing global demand for hybrid technology but also raises questions about competition and regulatory challenges, reports Reuters. Hybrid…

Tesla Cybertruck Prices Plummet as New Models Hit the Market
Cybertruck

Tesla Cybertruck Faces Fifth Recall in Less Than a Year

Tesla’s 2024 Cybertruck has racked up its fifth recall in under a year, highlighting potential issues with the electric pickup’s design and performance. The most recent recall, affecting 27,185 vehicles, was announced on October 3, 2024, and involves a significant safety concern with the rearview camera system. According to a report Tesla shared with the…

Toyota Takes Flight with $500M Investment in Joby's Electric Air Taxi Vision
Toyota

Toyota Takes Flight with $500M Investment in Joby’s Electric Air Taxi Vision

In a bold move that signals a new era of urban mobility, Toyota Motor Corporation is soaring to new heights with a hefty $500 million investment in Joby Aviation’s electric air taxi dream. This groundbreaking announcement cements Toyota’s position as a key player in the race to revolutionize city transportation. A Partnership Reaching New Altitudes…

Tesla

Tesla Reverses Delivery Decline with Q3 Rebound

Tesla’s global deliveries bounced back in Q3 2024, marking the company’s first quarterly increase this year. This upturn comes as a relief after earlier declines had sparked worries on Wall Street about Tesla’s growth potential in the EV market. According to the Wall Street Journal, the electric automaker delivered 462,890 vehicles from July to September.…

Tesla

Chinese EVs Raise Privacy Concerns: Potential Eavesdropping Capability Exposed

A recent report from the New York Post has uncovered alarming claims about privacy issues in Chinese-made electric vehicles, specifically those manufactured by BYD. Owners have reported that these EVs might have a hidden feature allowing external parties to listen in on conversations inside the car. The Alleged Backdoor An Australian BYD owner discovered that…

GM

GM’s EV Sales Surge 60% in Q3, Riding Wave of Electric Innovation

General Motors (GM) has reported a significant boost in its electric vehicle sales for the third quarter of 2024, according to their latest sales results. The automaker’s EV deliveries surged by 60% year-over-year, reaching a record 32,095 units. Record-Breaking Quarter for EVs While GM’s total vehicle sales in the U.S. reached 659,601 units, making it…

US Government Shells Out $2 Billion in EV Tax Credits, Boosting Electric Vehicle Adoption
US Government

US Government Shells Out $2 Billion in EV Tax Credits, Boosting Electric Vehicle Adoption

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 effect, making it easier for consumers to take advantage of rebates worth up to $7,500…

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