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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…
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…
Rivian Automotive, a key player in the electric vehicle (EV) market, reported a significant decline in deliveries for the second quarter of 2025, reflecting broader industry struggles. The company delivered 10,661 vehicles, a 22% drop from the 13,790 vehicles delivered in Q2 2024, according to Reuters. This downturn, coupled with production constraints and looming policy…
Tesla’s second-quarter 2025 deliveries declined by 14% compared to last year, but the numbers proved less severe than anticipated, boosting the company’s stock price. According to a post on X by Sawyer Merritt on July 2, 2025, Tesla delivered 384,122 vehicles, including 373,728 Model 3 and Model Y units, and 10,394 other models like the…
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 LMR cells offer 33% higher energy density than China’s top LFP batteries at similar product
A Houston-area family has filed a wrongful death lawsuit against Tesla, alleging defective safety designs in the Cybertruck led to Michael Sheehan’s death in a fiery crash in August 2024. The suit, lodged in Harris County, Texas, marks the first legal challenge targeting the Cybertruck’s safety systems, spotlighting concerns over battery design and emergency egress…
California police are leveraging drones to pursue riders of illegal e-bikes and non-street-legal electric motorcycles, reshaping enforcement in the electric vehicle landscape. In Desert Hot Springs, a suspect on a minibike fled police but was tracked to his home by a drone. Likewise, Irvine police used a drone to apprehend a teen riding an unregistered…
On July 1, 2025, U.S. President Donald Trump escalated tensions with Tesla CEO Elon Musk, threatening to review federal subsidies for Musk’s companies, including Tesla’s electric vehicle (EV) incentives, via the Department of Government Efficiency (DOGE). This follows Musk’s sharp criticism of Trump’s $3.3 trillion tax and spending bill, which eliminates the $7,500 EV tax…
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