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In a surprising turn of events, Automotive Energy Supply Corp. (AESC), a Chinese-owned battery manufacturer, has halted work on a $2 billion electric vehicle (EV) battery plant in Bowling Green, Kentucky, leaving behind a massive metal shell and unfulfilled promises of 2,000 jobs. The project, which began with a groundbreaking ceremony in August 2022, reflects…
Tesla has extended its highly sought-after 1.99% APR financing promotion for the new Model Y All-Wheel Drive (AWD) in the U.S., pushing the deadline from June 16 to June 30, 2025. This move offers electric vehicle (EV) enthusiasts and potential buyers a rare opportunity to secure affordable financing on one of the market’s leading electric…
Swedish pension fund AP7 has made headlines by blacklisting Tesla and selling its entire stake in the U.S. electric vehicle (EV) maker, citing violations of union rights. The decision, announced on June 13, 2025, reflects growing scrutiny of labor practices within the EV industry and could signal a shift in investment strategies for sustainable portfolios,…
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 automaker prepares to launch its first EV later this year, navigating a challenging market where…
On June 16, 2025, U.S. Senate Republicans introduced a bold proposal to terminate the $7,500 tax credit for new electric vehicle (EV) purchases, shaking up the landscape for EV owners and manufacturers. The plan, detailed in a Reuters report, aims to eliminate this incentive 180 days after the measure becomes law, while immediately ending credits…
India is considering relaxing its strict 50% localization requirements for electric vehicles (EVs) as China’s recent rare earth export restrictions create a supply chain crisis, impacting manufacturers and enthusiasts alike. According to a Bloomberg report, this potential policy shift comes after China’s April curbs on rare earth exports—key materials for EV traction motors—put local production…
Elon Musk is steering Tesla toward a bold new future, shifting the company’s focus from electric vehicles (EVs) to robotics, with a potential rollout of driverless cars as early as this month in Austin, Texas. This pivot, detailed in a recent Wall Street Journal article, marks a significant evolution for Tesla, which began nearly 22…
Renault has unveiled the Vision4Rescue, an all-electric concept vehicle designed as a mobile command center for emergency services, built on the Renault 4 E-Tech platform. Developed with Software République, a French mobility innovation alliance, and co-created with fire services from 19 countries, this high-tech rescue vehicle integrates nearly 20 interconnected technologies to enhance field coor
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