General Motors is laying off more than 3,300 electric vehicle workers across Michigan, Ohio, and Tennessee as the automaker slashes EV production following the expiration of federal tax credits. The cuts represent one of the most significant workforce reductions in…
Porsche announced its third U.S. price increase in recent months and confirmed production of the gas-powered Macan SUV will end in mid-2026, yet shares of the German luxury automaker jumped more than 4% Monday as Wall Street reacted positively to…
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…
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…
Porsche is significantly altering its electric vehicle strategy, delaying the launch of some all-electric models and re-emphasizing combustion and hybrid powertrains in response to a cooling EV market and other economic pressures. The move, which includes a substantial cut to…
The 2026 Porsche Cayenne Electric is nearing production and looks set to redefine the high-performance EV SUV segment. In early prototype drives outside Barcelona, Spain, Car and Driver reported that Porsche’s upcoming all-electric version of its flagship SUV will deliver…
Porsche is ending in-house battery cell production at its Cellforce subsidiary and converting the unit into a dedicated R&D operation, citing insufficient volumes, lack of economies of scale, and tougher conditions in the U.S. and China. Roughly 200 of 286…
Ford Motor Co. and its South Korean partner SK On are seeking new buyers for surplus batteries produced at their new joint-venture factory in Kentucky, a move that reflects weakening electric vehicle (EV) demand in the United States. The plant,…
Imagine shelling out for a sleek Porsche Taycan, only for tariffs to jack up prices – that’s the harsh reality hitting Mercedes and Porsche as they slash profit forecasts amid US trade blows and China’s cutthroat EV battles. Mercedes-Benz Group…
Drama in the EV world: Volkswagen’s profits cratered 38% this half-year, as U.S. tariffs turn the green revolution into a red-ink mess. Volkswagen Group reported a sharp decline in profits for the second quarter and first half of 2025, even…
Hey Porsche lovers, ever feel the EV hype is slowing? Blume’s memo confirms it: “Our model no longer works,” sparking drama in the high-end electric world. Porsche CEO Oliver Blume has informed employees that the company’s longstanding business model is…
Spy photographers captured the first detailed images of the redesigned Chevrolet Bolt EV, showcasing an unwrapped side profile that hints at a crossover-like design while the front and rear stay heavily disguised. This update positions the vehicle as the first…
The Porsche Macan has achieved a remarkable milestone by becoming the fastest-selling model in the company’s history, reaching one million units produced in only 12 years, as the electric version gains strong traction amid a broader shift toward electrification. This…
Volkswagen is set to bring its self-driving ID.Buzz electric minivan to the U.S. in 2026, partnering with Uber to launch a robotaxi service in Los Angeles. This move positions the German automaker as a key player in the autonomous electric…
General Motors has unveiled a game-changing lithium manganese-rich (LMR) battery that promises to make electric vehicles (EVs) more affordable without compromising range, potentially shifting the competitive landscape away from China’s lithium iron phosphate (LFP) dominance. According to IEEE Spectrum, GM’s…
Ferrari has postponed its second fully electric vehicle (EV) from 2026 to at least 2028 due to insufficient demand for high-performance luxury EVs, according to two sources close to the matter, reports Reuters. This shift comes as the iconic Italian…
Porsche is electrifying its iconic Cayenne SUV with a fully electric fourth-generation model set to launch this year, marking a significant leap in the luxury electric vehicle (EV) market. Confirmed by the automaker, this new Cayenne will ditch traditional engines…
AESC, a Japanese battery manufacturer, has paused construction on its $1.6 billion factory in Florence, South Carolina, designed to supply batteries for BMW’s electric vehicles (EVs). The decision, stems from uncertainties in federal EV policies and potential tariff changes under…
Tesla’s dominance in China’s electric vehicle (EV) market is crumbling, with shipments from its Shanghai factory dropping 15% in May 2025 compared to the previous year, marking the eighth consecutive month of decline. According to a recent Bloomberg article, this…
Tesla is refining its flagship electric sedan, the Model S Plaid, with a prototype recently spotted lapping the Nürburgring in Germany. According to Autoblog, the 2025 refresh brings minor visual tweaks but leaves fans wanting more significant changes to keep…
Alpine, Renault’s sporty premium brand, unveiled the A390 electric crossover on May 27, 2025, in Dieppe, France, but U.S. enthusiasts hoping to see this 470-horsepower EV on American roads will need to wait longer than expected. Initially planned as Alpine’s…
Today, Renault’s premium brand Alpine unveiled the A390, a midsize electric crossover blending sports car heritage with family-friendly practicality, aiming to challenge the Porsche Macan. Built in Dieppe, France, this 470-horsepower EV leverages three electric motors for dynamic performance, signaling…
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…
On May 24, 2025, Xiaomi, the tech giant known for its smartphones, revealed its latest electric vehicle, the YU7—an electric SUV designed to compete directly with the Tesla Model Y. Boasting a sleek design reminiscent of the Ferrari Purosangue and…
A recent House-passed tax bill could reshape the electric vehicle (EV) landscape in the U.S., eliminating key subsidies that have fueled adoption and manufacturing. Reported by The New York Times, the legislation, if enacted, would raise EV prices, slow sales,…
Volkswagen’s shareholders intensified their push for corporate governance reform at the company’s virtual annual general meeting on May 16, 2025, citing conflicts of interest and a lack of board expertise as barriers to the automaker’s success in the electric vehicle…
Audi has officially confirmed the discontinuation of its Q8 e-tron SUV following the closure of its Brussels factory in February 2025, marking the end of a seven-year run for the electric vehicle (EV) that kickstarted the brand’s modern electric era.…
On May 12, 2025, House Republicans introduced a tax reform bill that could reshape the U.S. electric vehicle (EV) landscape by proposing to eliminate the $7,500 new-vehicle tax credit and $4,000 used-vehicle credit, alongside repealing fuel efficiency rules aimed at…
Nissan Motor Co. is intensifying its turnaround with a drastic restructuring plan, slashing 10,000 additional jobs and closing seven assembly plants worldwide to bolster its electric vehicle (EV) strategy, as announced by CEO Ivan Espinosa on May 13, 2025. This…
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