Battery pack prices will fall to $105 per kilowatt-hour next year as Chinese overcapacity and LFP adoption continue driving costs down. Why it matters: Cheaper batteries make EVs more affordable and accelerate grid-scale energy storage deployment worldwide. The Details By…
BMW, Toyota, and 65 other auto industry signatories are urging the European Commission to abandon mandatory EV purchase targets for corporate fleets, reports Reuters. Why it matters: Corporate fleets represent 50-60% of all new car sales in the EU, making…
Nearly half of first-time car buyers in China plan to purchase a pure electric vehicle, according to a new Bloomberg Intelligence survey. Why it matters: This surge in EV preference comes just as China slashes its purchase tax incentives, suggesting…
Mercedes-AMG just poached the man who built Porsche’s flagship EV to lead its performance division. Why it matters: Stefan Weckbach will oversee AMG’s electric transition, including a new GT sedan designed to compete directly against the Taycan he created. The…
Ford is turning to French automaker Renault to develop two entry-level electric vehicles for Europe, abandoning its own platform as too expensive to compete with Chinese rivals, reports the WSJ. Why it matters: The deal marks Ford’s admission that it…
Tesla has added a new Charging Calculator to its website, letting prospective buyers estimate how much they could save by switching from gas to electric. Why it matters: With federal EV tax credits now expired, Tesla is leaning hard on…
Morgan Stanley’s new automotive analyst just declared open season on EV startups. The investment bank downgrades Lucid and Rivian to Sell, warns ‘EV winter’ will last into 2026 as post-subsidy demand collapses, reports Barron’s. GM was upgraded to Buy. Why…
Half of global car buyers now plan to purchase a combustion engine vehicle within 24 months, according to a new EY report. Why it matters: This 13-percentage-point surge signals a dramatic reversal from the EV momentum of recent years, driven…
Tesla has rolled out its most aggressive year-end incentives on record, offering 0% APR financing for up to 72 months, $0-down leases, and free upgrades on inventory vehicles. Why it matters: This is Tesla self-funding the subsidies that taxpayers used…
Tesla will expand its Japan Supercharger network by more than 40%, targeting over 1,000 stalls by 2027 as the automaker capitalizes on surging demand. Why it matters: The infrastructure push arrives as Japanese automakers adopt Tesla’s charging standard, potentially reshaping…
Mercedes-Benz has unveiled the all-electric 2027 GLB, bringing 800-volt architecture and up to 392 miles of WLTP range to its compact seven-seat SUV. Why it matters: This marks Mercedes’ most affordable entry point into its next-generation EV lineup, replacing the…
Tech reviewer Marques Brownlee just delivered a verdict that should terrify Detroit. After two weeks driving a Xiaomi SU7 Max on American roads, the influential YouTuber concluded this $42,000 Chinese sedan delivers an experience worth $75,000. That’s a $33,000 value…
