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Slate

Slate Auto Drops ‘Under $20,000’ EV Pickup Pricing as Federal Tax Credit Ends

Slate Auto, a Jeff Bezos-backed electric vehicle startup, has removed claims that its upcoming all-electric pickup truck will start “under $20,000” after Congress passed President Trump’s tax cut bill, according to Slate Auto’s updated website. The legislation, set to be signed into law on July 4, 2025, will eliminate the $7,500 federal EV tax credit…

Tesla Spain Sales Drop 8.75% in November While EV Market Doubles - Hybrids Take Lead as Electric Vehicle Sales Plummet in California—A Wake-Up Call for EV Industry
Tesla

U.S. Electric Vehicle Tax Credits Set to Expire September 30, Impacting EV Sales

On July 3, 2025, Congress passed legislation that will terminate the $7,500 federal tax credit for new electric vehicle (EV) purchases or leases and the $4,000 credit for used EVs, effective September 30. This decision, reported by Reuters, marks a pivotal shift for EV owners and the automotive industry, potentially slowing the U.S.’s transition to…

Xiaomi

Xiaomi Eyes Global EV Expansion in 2027, Focuses on Robust China Demand

China’s Xiaomi, a smartphone giant turned electric vehicle (EV) manufacturer, will prioritize its booming domestic market until 2027, when it plans to explore international car sales, CEO Lei Jun announced during a livestream on Wednesday. With its SU7 sedan and YU7 SUV driving strong demand at home, the company faces production challenges but signals ambitious…

Lucid Motors Smashes Delivery Records in Q3 2024, Faces Production Hurdles
Lucid

Rivian, Lucid Poised to Gain as Trump Tax Bill Ends EV Credits

On July 3, 2025, shares of Rivian Automotive Inc. and Lucid Group Inc. surged by up to 4.6% and 8.8%, respectively, following a BNP Paribas analysis suggesting that the electric vehicle (EV) manufacturers could benefit from President Donald Trump’s tax bill, which eliminates the $7,500 EV tax credit after September 30, 2025. Bloomberg reports that…

BYD

Chinese EV Giants BYD and Chery Outpace Tesla, GM, and VW in 2025 Global Race

In 2025, Chinese automakers BYD and Chery are reshaping the electric vehicle (EV) landscape, outmaneuvering global giants like Tesla, General Motors (GM), and Volkswagen (VW) with unprecedented speed and scale. A Reuters investigation reveals how these companies slashed vehicle development times to as little as 18 months, compared to over five years for Western rivals,…

Trump’s “Big Beautiful Bill” Ends $7,500 EV Credit, Impacting Owners and Enthusiasts
Model 3

Trump’s “Big Beautiful Bill” Ends $7,500 EV Credit, Impacting Owners and Enthusiasts

The U.S. House has officially passed President Donald Trump’s “Big Beautiful Bill,” a major budget package that ends the $7,500 EV credit for new car sales, effective September 30, 2025, as reported by Reuters. Signed into law by Trump, this shift will raise costs for EV owners and enthusiasts, marking a significant change for the…

Meanwhile Giga Berlin started to crank out Tesla Model Y vehicles
Germany

Tesla Sales Plummet 60% in Germany as EV Market Grows in June 2025

In June 2025, Tesla’s sales in Germany dropped by a staggering 60%, with only 1,860 vehicles sold compared to the previous year, according to the German road traffic agency KBA. Despite a robust 8.6% rise in overall battery electric vehicle (EV) registrations, Tesla’s decline highlights mounting challenges for the U.S. automaker in Europe’s largest car…

Morgan Stanley Downgrades Lucid, Rivian to Sell, Warns of 'EV Winter' Into 2026
Lucid

Lucid’s Q2 2025 Deliveries Climb 38% but Fall Short of Expectations Amid EV Market Shifts

On July 2, 2025, Lucid Group, Inc. reported a 38% increase in second-quarter vehicle deliveries, reaching 3,309 electric vehicles (EVs), up from 2,394 in Q2 2024. However, the figures missed Wall Street’s expectations of 3,611 units, reflecting challenges in the luxury EV market as economic pressures push consumers toward cheaper hybrids and gas-powered cars, according…

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